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 122.3, a price-to-book of about 68.8 — 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 ₹344.90 (+5.3% on the day), as of 8/3/2026 — 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

HeadquartersMumbai, India

Websitewww.nykaa.com

Filings tracked10

About FSN E-Commerce Ventures (Nykaa)

FSN E-Commerce Ventures Limited, through its subsidiaries, engages in selling and distribution of beauty, personal care, and fashion products for women, men, children, and home in India and internationally. The company offers makeup; bath and body; natural; mom and baby; wellness and health care; fragrance; fitness; skin, personal, and hair care products; and fashion garments, accessories, and equipment. It also provides western, active, and Indian wear; lingerie; footwear; bags; jewellery; athleisure; accessories; home decor; and kitchen products. It sells its products through website, e-commerce, m-commerce, internet, and intranet, as well as through physical stores, stalls, general trade, and modern trade. It operates physical stores under the Nykaa Flagship, Nykaa Luxe, Nykaa On Trend, Nysaa, and Nykaa Kiosks formats. FSN E-Commerce Ventures Limited was incorporated in 2012 and is based in Mumbai, India.

Who owns it

Promoters56.1%
Institutions32.5%
Public & other11.4%

177 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 ₹2,962 Cr · EPS 0.40

Est. earnings growth +236.5%

Next fiscal year

Rev ₹15,864 Cr · EPS 2.79

Est. earnings growth +66.2%

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

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 4

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
2026Q1	₹2,648 Cr	₹78 Cr	3.0%
2025Q4	₹2,873 Cr	₹63 Cr	2.2%
2025Q3	₹2,346 Cr	₹34 Cr	1.5%
2025Q2	₹2,155 Cr	₹23 Cr	1.1%

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

Filings & announcements

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.