FSN E-Commerce files Q1FY27 revenue of ₹2,782 crore and completes two stake additions (NSE: NYKAA)
FSN E-Commerce Ventures (NSE: NYKAA, BSE: 543384) reported Q1FY27 consolidated revenue of ₹2,782 crore in a BSE results filing dated 4 August 2026. Revenue was up 29.1% YoY and 5.1% QoQ, and profit after tax attributable to shareholders was ₹80.01 crore, up 226.9% YoY, according to a results filing on the same date. The filing put EBITDA margin at 8.8%.
The FY30 view disclosed in June
On 18 June 2026, FSN E-Commerce’s Annual Investor Day filing said the company wants to become a “USD 5 billion+ GMV beauty and lifestyle business by FY30,” with specific targets for Beauty, Fashion, House of Nykaa, and Superstore segments. The filing also emphasised AI and omnichannel expansion.
A second investor presentation filed on 18 June 2026 disclosed a 2.5–3x GMV growth target to $5bn+ by FY30 and said EBITDA is expected to reach early-to-mid teens margins. These are FY30 targets stated by the company, not realised results.
Q1FY27 filings: revenue, PAT, margin
The 4 August 2026 BSE results filing showed consolidated revenue of ₹2,782 crore, up 29.1% YoY and 5.1% QoQ. PAT attributable to shareholders was ₹80.01 crore, up 226.9% YoY, with EBITDA margin at 8.8%. One same-day filing described the quarter as “growth accelerating and Fashion reaching profitability.”
Another 4 August 2026 results filing carried a narrower caveat: “the trajectory remains margin-led with EBITDA margin at 8.8%, although Fashion and Others stayed loss-making.”
A BSE earnings-call summary dated 7 August 2026 said Nykaa delivered 29% revenue growth with broad-based acceleration, and said: “Fashion turns profitable and Beauty expands margins, driven by omnichannel flywheel and Nike partnership.”
Acquisitions completed in September
On 5 September 2026, a BSE filing said Nykaa finalised the transaction to increase its shareholding in Earth Rhythm Private Limited by an additional 24.2%, following board approval on 21 May 2026. The shares were credited to Nykaa’s demat account, making Earth Rhythm a subsidiary.
On 24 September 2026, a BSE filing said Nykaa completed the acquisition of 51% shareholding on a fully diluted basis in Aminu Wellness Private Limited, making it a subsidiary. The shares were credited to Nykaa’s demat account following execution of all necessary transaction documents.
The filings state FY30 as the target period for the GMV and margin guidance disclosed on 18 June 2026.
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The filing evidence
| Date | What the filing said | Detail | Source |
|---|---|---|---|
| 6 Aug 2026 | Nykaa will acquire a 51% stake in Aminu Wellness Private Limited for cash consideration of up to INR 32 Crores. — up to INR 32 Crores — by by September 15, 2026 | ||
| 6 Aug 2026 | Nykaa will complete the acquisition of a 51% stake in Aminu Wellness Private Limited for cash consideration of up to INR 32 Crores. — up to INR 32 Crores — by by September 15, 2026 | ||
| 4 Aug 2026 | Q1FY27 revenue rose to ₹2782 crore, PAT to ₹80.01 crore and EBITDA margin to 8.8%, with growth accelerating and Fashion reaching profitability. | filing | |
| 4 Aug 2026 | Nykaa Q1FY27: Revenue ₹2,782 Cr (+29.1% YoY), PAT ₹80 Cr (+243%), OPM expands to 8.8% on operating leverage and narrowing fashion losses. | filing | |
| 4 Aug 2026 | Consolidated revenue rose to ₹2782 crore, +29.1% YoY and +5.1% QoQ, while EBITDA margin reached 8.8% and PAT attributable to shareholders was ₹80.01 crore, extending Nykaa's multi-quarter growth and margin expansion trajectory. | filing | |
| 18 Jun 2026 | Nykaa announces FY30 vision targeting over USD 5 billion GMV in beauty and lifestyle, with 2-3X revenue growth and 4-5X EBITDA growth. | Nykaa held its Annual Investor Day 2026 and unveiled a long-term growth plan to become a USD 5 billion+ GMV beauty and lifestyle business by FY30, with specific targets for its Beauty, Fashion, House of Nykaa, and Superstore segments, along with an emphasis on AI and omnichannel expansion. | filing |
| 18 Jun 2026 | Nykaa's Annual Investor Day 2026 presentation highlights strong industry tailwinds, a 2.5–3x GMV growth target to $5bn+ by FY30, and structural profitability improvement with EBITDA expected to reach early-to-mid teens margins. | filing | |
| 4 Aug 2026 | Earnings call transcript unavailable – only intimation of recording availability. | filing | |
| 5 Sept 2026 | Nykaa completes acquisition of additional 24.2% stake in Earth Rhythm Private Limited, increasing its total ownership in the subsidiary. | Nykaa has finalized the transaction to increase its shareholding in Earth Rhythm Private Limited by an additional 24.2%, following board approval on May 21, 2026. The shares have been credited to Nykaa's demat account, making Earth Rhythm a subsidiary. | filing |
| 24 Sept 2026 | Nykaa completes acquisition of 51% stake in Aminu Wellness Private Limited, making it a subsidiary. | FSN E-Commerce Ventures (Nykaa) has completed the acquisition of 51% shareholding on a fully diluted basis in Aminu Wellness Private Limited, making it a subsidiary. The shares have been credited to Nykaa's demat account following execution of all necessary transaction documents. | filing |
| 4 Aug 2026 | Nykaa reports strong Q1FY27 results with 29% revenue growth and 226% PAT growth, driven by beauty and fashion acceleration, strategic partnerships, and expanding omnichannel presence. | filing | |
| 4 Aug 2026 | Q1FY27 consolidated revenue was ₹2782 crore, up 29.1% YoY and 5.1% QoQ, while PAT was ₹80.01 crore, up 226.9% YoY; the trajectory remains margin-led with EBITDA margin at 8.8%, although Fashion and Others stayed loss-making. | filing | |
| 7 Aug 2026 | Nykaa delivers 29% revenue growth with broad-based acceleration; Fashion turns profitable and Beauty expands margins, driven by omnichannel flywheel and Nike partnership. | filing |
Quick answers
- What did FSN E-Commerce disclose?
- FSN E-Commerce Ventures (NSE: NYKAA, BSE: 543384) reported Q1FY27 consolidated revenue of ₹2,782 crore in a BSE results filing dated 4 August 2026. Revenue was up 29.1% YoY and 5.1% QoQ, and profit after tax attributable to shareholders was ₹80.01 crore, up 226.9% YoY, according to a results filing on the same date. The filing put EBITDA margin at 8.8%.
- What are the key numbers?
- On 18 June 2026, FSN E-Commerce’s Annual Investor Day filing said the company wants to become a “USD 5 billion+ GMV beauty and lifestyle business by FY30,” with specific targets for Beauty, Fashion, House of Nykaa, and Superstore segments. The filing also emphasised AI and omnichannel expansion.
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