FSN E-Commerce Ventures logo

FSN E-Commerce Ventures share price

NSE: NYKAABSE: 543384RetailingMid Cap

Last close ₹319.30down ₹2.60 (0.81%)BSE ₹319.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹321.90.

52-week range of traded prices to 23 Oct 2026
₹232.00Low, 27 Jan 2026₹349.55High, 31 Aug 2026
Market cap
₹91,457 Cr141st largest listed
P/E
357.1
P/B
63.6
Dividend yield
Nonein the last 12 months
ROE
18.7%
ROCE
22.9%
Debt to equity
0.50
Volume, NSE
42,50,45051.4% delivered

Share price

Daily closes since Nov 2021, adjusted for splits and bonuses

+25.8%over a year

Results20-session average 50,14,054 shares a day, 53.2% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 4 Aug

Revenue
₹2,782 Crup 5.05%
Net profit
₹80 Crup 1.28%
Net margin
2.9%

Revenue by year

Peak revenue ₹10,022 Cr, year to Mar 2026

Net profit by year, a loss in red

₹ croreSep 2024Filed 12 NovDec 2024Filed 11 FebMar 2025Filed 13 JunJun 2025Filed 12 AugSep 2025Filed 7 NovDec 2025Filed 5 FebMar 2026Filed 21 MayJun 2026Filed 4 Aug
Revenue1,8752,2672,0622,1552,3462,8732,6482,782
Net profit1326192433687980
Net margin0.7%1.2%0.9%1.1%1.4%2.4%3.0%2.9%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Beauty₹9,139 Crup 26.04%91.2%
  • Fashion₹832 Crup 23.34%8.3%
  • Others₹51 Cr0.5%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history

Price to earnings

At or below today's level on 0.1% of 1,085 trading days since Jun 2022.

LowestHighest
Its median1,172.6Industry median12.7
Price to book

At or below today's level on 83% of 1,222 trading days since Nov 2021.

LowestHighest
Its median43.6Industry median2.3
EV to EBITDA108.4

At or below today's level on 3% of 1,085 trading days since Jun 2022.

LowestHighest
Its median142.0Industry median26.7

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+31.2%+204.3%−56.9%0.0%
3 years+23.7%+117.7%−43.2%0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters52.07%
  • Foreign institutions15.65%
  • Indian institutions22.35%
  • Individuals and others9.93%
Holder
Falguni Nayar Family Trust (Falguni Nayar and Sanjay Nayar)Promoter21.02%
Sanjay Nayar Family Trust (Sanjay Nayar and Falguni Nayar)Promoter21.02%
Adwaita Nayar Family Trust (Adwaita Nayar, Sanjay Nayar and Falguni Nayar)Promoter3.44%
Anchit Nayar Family Trust (Anchit Nayar, Sanjay Nayar and Falguni Nayar)Promoter3.44%
Harindarpal Singh BangaNon-resident Indians2.86%
Icici Prudential Life Insurance Company LimitedInsurance companies2.36%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Mutual funds holding it

267 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 102 of the 132 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.Mutual fund holdings

Bought for the first time
5
Bought again
7
Added
63
Cut
69
Held unchanged
121
Sold out
5
Fund
HDFC Mutual Fund logoHDFC Flexi Cap FundHDFC Mutual Fund2,43,00,0000.72%₹777.6 Cr
SBI Mutual Fund logoSBI Contra FundSBI Mutual Fund2,21,88,9171.58%₹710.0 Cr
Nippon India Mutual Fund logoNippon India Multi Cap FundNippon India Mutual Fund2,00,12,8691.19%₹640.4 Cr
HDFC Mutual Fund logoHDFC Focused FundHDFC Mutual Fund1,85,00,0002.23%₹592.0 Cr
SBI Mutual Fund logoSBI ELSS Tax Saver FundSBI Mutual Fund1,80,00,0001.92%₹576.0 Cr
SBI Mutual Fund logoSBI Large & Midcap FundSBI Mutual Fund1,80,00,0001.42%₹576.0 Cr
SBI Mutual Fund logoSBI Midcap FundSBI Mutual Fund1,80,00,0002.47%₹576.0 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Large & Mid Cap FundICICI Prudential Mutual Fund1,79,97,6691.82%₹575.9 Cr
HSBC Mutual Fund logoHSBC Midcap FundHSBC Mutual Fund1,77,56,0873.38%₹568.2 Cr
Axis Mutual Fund logoAxis Midcap FundAxis Mutual Fund1,76,49,0021.68%₹564.8 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

E-Retail/ E-Commerce, 20 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to FSN E-Commerce Ventures in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Eternal logoEternalETERNAL3,06,302621.39.8139.0+143.7%+162.2%1.6%0.4%0.00%
Meesho logoMeeshoMEESHO99,467–22.7–––––0.00%
Swiggy logoSwiggySWIGGY48,582–2.9–+42.2%–−26.7%−24.3%0.00%
Urban Company logoUrban CompanyURBANCO20,472–10.3–––−21.5%−24.7%0.00%
Cartrade Tech logoCartrade TechCARTRADE13,71159.35.549.4+20.0%+49.0%9.8%9.0%0.00%
Brainbees Solutions logoBrainbees SolutionsFIRSTCRY8,513–1.826.7+11.7%–−2.6%−1.9%0.00%
RattanIndia Enterprises logoRattanIndia EnterprisesRTNINDIA3,192–4.2–+2.1%–−77.3%−36.4%0.00%
AceVector logoAceVectorACEVECTOR1,126–––––––0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Latest announcements

Routine notices left out.Share news and announcements

FSN E-Commerce Ventures share price by year

Each calendar year to 2025.FSN E-Commerce Ventures share price history

YearClose at year endChangeHighest closeLowest close
2025265.15+61.9%271.16158.80
2024163.76−5.9%226.77145.65
2023173.95+12.3%178.00115.95
2022154.85−55.8%352.33144.85
2021350.26–415.52325.45
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2021 is from its first session, 10 Nov 2021.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026320.40323.40311.40319.30315.4242,50,45051.4%
22 Oct 2026326.05327.00319.05321.90321.4169,44,27761.9%
21 Oct 2026339.45340.90321.95329.70328.6229,15,08350.0%
19 Oct 2026346.80348.40335.30336.65341.7538,92,23044.1%
16 Oct 2026338.25345.40336.65345.00341.6126,69,78647.5%
15 Oct 2026336.50339.05334.20338.40336.9718,86,20457.1%
14 Oct 2026339.30341.35335.00336.50338.1229,75,60660.4%
13 Oct 2026337.95338.90331.50338.00335.7370,63,64266.4%
12 Oct 2026346.00346.00335.40340.00339.2622,23,56842.1%
9 Oct 2026333.00344.65333.00343.00340.5251,52,54248.3%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
10 Nov 2022Bonus0.1667Holders received 5 bonus shares for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

About FSN E-Commerce Ventures

FSN E-Commerce Ventures Limited runs Nykaa, an omnichannel beauty and lifestyle destination. It sells beauty and fashion products to consumers online and through its own stores, and supplies beauty products to retailers. It was incorporated in 2012 and its registered office is in Mumbai. Falguni Nayar is its Executive Chairperson, Managing Director and CEO.

The business is organised into two segments, Beauty and Fashion. The beauty business carries more than 4,400 beauty brands, including international names such as Chanel Beauty, Armani Beauty and Kylie Cosmetics. Nykaa Fashion carries about 5,700 fashion brands across women's, men's and kids' fashion, home and accessories, mixing global brands, homegrown labels and emerging designers. Its brand partners include Nike and H&M. Across both segments, the platform offers more than 10,000 brands. The company has served more than 55 million customers cumulatively.

The company operates 313 beauty retail stores across 99 cities in India. Superstore by Nykaa serves the unorganised beauty retail market, with nearly 5,00,000 onboarded retailers across 1,200 cities. Kay Beauty, one of its own brands, has entered the UK market.

House of Nykaa is the company's portfolio of consumer brands, sold on Nykaa and through other channels. Its beauty brands include Dot & Key, Kay Beauty, Nykaa Cosmetics and Earth Rhythm. It also has fashion brands, such as Nykd, which has moved beyond lingerie into athleisure and sleepwear.

Legal name
FSN E-Commerce Ventures Limited
NSE symbol
NYKAA
BSE code
543384
ISIN
INE388Y01029
Industry
Retailing
Listed
Nov 2021
Face value
₹1
CIN
L52600MH2012PLC230136
Corporate identity number, the registrar of companies' code for it