Is FSN E-Commerce Ventures (Nykaa) (NYKAA) overvalued or fairly valued?

MarketChacha shows FSN E-Commerce Ventures (Nykaa)'s valuation in context — a forward P/E of about 121.0, a price-to-book of about 69.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is FSN E-Commerce Ventures (Nykaa)'s revenue?

FSN E-Commerce Ventures (Nykaa) reported revenue of ₹10,022 Cr for FY2026, with net profit of ₹199 Cr, per official filings.

What is the share price of FSN E-Commerce Ventures (Nykaa) (NYKAA)?

FSN E-Commerce Ventures (Nykaa) last traded at ₹349.35 (-1.0% on the day), as of 10/30/2026 — a delayed quote shown for education, not investment advice.

FSN E-Commerce Ventures (Nykaa)

NYKAA · NSE · New-age/E-commerce · India

Snapshot

TickerNYKAA

ExchangeNSE

SectorNew-age/E-commerce

IndustryInternet Retail

CountryIndia

Employees2,028

HeadquartersMumbai, India

Websitewww.nykaa.com

Filings tracked13

About FSN E-Commerce Ventures (Nykaa)

FSN E-Commerce Ventures Limited, through its subsidiaries, manufactures, sells, and distributes beauty and lifestyle products in India and internationally. It operates through three segments: Beauty, Fashion, and Others. The company offers makeup for face, eyes, lips, and nails, as well as makeup palettes and tools and brushes; body, eye lip, sun, and hands and feet care products, as well as moisturizers, serums, cleansers, masks, toners, skin tools and supplements, neck creams, Korean beauty products, and specialized skincare; hair care and styling products, as well as tools and accessories; appliances; bath and shower, feminine hygiene, female and male grooming products, hygiene essentials, and oral care; and natural products. It also provides diaper essentials, baby accessories and hygiene, nursing and feeding items, and products for moms; health and wellness, including beauty boosters, daily nutrition, mind and mood, fitness and recovery, intimate wellness, herbal and ayurvedic, and women's health products; men essentials; fragrances; and lingerie, watches, sunglasses, bags, footwear, jewellery, and home essentials. In addition, the company offers marketing support services. It sells its products under various brand names through online portals or websites, such as e-commerce, m-commerce, internet, and intranet, as well as physical stores, stalls, and general and modern trade. The company was incorporated in 2012 and is based in Mumbai, India.

Who owns it

Promoters56.1%
Institutions32.4%
Public & other11.4%

207 institutional holders

Ownership breakdown from public market data. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend0.4% → 2.0%

Margin has expanded by about 1.6 points — the business is getting more profitable.

Growth qualityrev 25% · PAT 118%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev ₹3,763 Cr · EPS 0.55

Est. earnings growth +115.3%

Next fiscal year

Rev ₹16,095 Cr · EPS 2.89

Est. earnings growth +73.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 5

Revenue (FY2026)

₹10,022 Cr

Net margin

2.0%

Revenue CAGR (3y)

+24.9%

Profit CAGR (3y)

+118.0%

Net profit (FY2026)

₹199 Cr

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Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2026	₹10,022 Cr	₹199 Cr	2.0%
FY2025	₹7,950 Cr	₹66 Cr	0.8%
FY2024	₹6,386 Cr	₹32 Cr	0.5%
FY2023	₹5,144 Cr	₹19 Cr	0.4%

Quarterly

Period	Revenue	Net profit	Net margin
Q1 FY27	₹2,782 Cr	₹80 Cr	2.9%
Q4 FY26	₹2,648 Cr	₹78 Cr	3.0%
Q3 FY26	₹2,873 Cr	₹63 Cr	2.2%
Q2 FY26	₹2,346 Cr	₹34 Cr	1.5%
Q1 FY26	₹2,155 Cr	₹23 Cr	1.1%

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

Filings & announcements

2026

Credit Rating
Disclosure in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Rating
BSE9/11/2026material
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Scrutinizer''s Report and Voting Results of the 14th Annual General Meeting held on August 25, 2026.
BSE8/26/2026material
Allotment of ESOP / ESPS
Allotment of 2,26,200 Equity shares pursuant to exercise of vested stock option by the employees under the Employee Stock Option Schemes of the Company
BSE8/9/2026
Communication Sent To The Members With Respect To The Integrated Annual Report, Including Notice Of The Annual General Meeting For FY2025-26.
Communication sent to the Members with respect to the Integrated Annual Report, including Notice of the Annual General Meeting for FY2025-26.
BSE8/1/2026material
Business Responsibility and Sustainability Reporting (BRSR)
Business Responsibility and Sustainability Report for FY2025-26.
BSE8/1/2026
Reg. 34 (1) Annual Report.
Please find enclosed herewith Integrated Annual Report FY 2025-26 of FSN E-Commerce Ventures Limited.
BSE8/1/2026
Notice Of The 14Th Annual General Meeting Of FSN E-Commerce Ventures Limited Scheduled To Be Held On August 25, 2026.
Notice of the 14th Annual General Meeting of FSN E-Commerce Ventures Limited scheduled to be held on August 25, 2026.
BSE8/1/2026material
Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30, 2026, Along With The Report Of The Statutory Auditors Thereon.
FSN E-Commerce Ventures Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2026 ,inter alia, to consider and approve the Unaudited Standalone ....
BSE7/27/2026material
Change in Management
Outcome of Board Meeting held on July 23, 2026 - Change in Statutory Auditors of the Company
BSE7/23/2026
Board Meeting Outcome for Outcome Of Board Meeting Held On July 23, 2026
Outcome of Board Meeting held on July 23, 2026
BSE7/23/2026
Allotment of ESOP / ESPS
Allotment of 63,637 Equity shares pursuant to exercise of vested stock options by the employees under the Employee Stock option schemes of the Company
BSE7/10/2026
Nykaa - Quarterly Revenue Update - Q1 FY2027
Please find enclosed herewith a communication on Nykaa (FSN E-Commerce Ventures Limited along with its subsidiaries) which is self-explanatory
BSE7/5/2026
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
Please find enclosed herewith Scrutinizer''s Report and Voting Results regarding the Notice of Postal Ballot dated May 15, 2026.
BSE6/29/2026

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.