# NYKAA (NYKAA) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/nykaa

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹325.9
- Change: +0.66%
- As of: 2026-09-18
- 1D return: +2.59%
- 5D return: -2.87%
- 1M return: +0.54%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹332.15, exhibiting a mixed technical stance across different timeframes. Daily indicators suggest a weakening trend, with the price below the 20-day Exponential Moving Average (EMA) and Simple Moving Average (SMA), despite being above the 50-day SMA and 200-day SMA. The daily Supertrend indicator is bullish, but the 20-day EMA slope is negative, indicating short-term downward momentum. In contrast, weekly and monthly timeframes show stronger bullish alignment, with prices above key EMAs and SMAs, and bullish Supertrend signals on both. The stock has formed an active 'Morning Star' pattern on the daily chart and an 'Inside Bar' on the monthly chart, while a 'Outside Bar' is active on the weekly chart. Recent market activity includes two positive attention events and one downside event in the last 30 days.

The nearest support is observed at ₹331.52, followed by ₹329.68 and ₹326.72. The first resistance level is identified at ₹347.46. The stock's current position is approximately 86% of the way up its 252-day trading range, suggesting it is trading near its upper bounds over the longer term. Annualized volatility stands at 28%, with a current drawdown of -5% and a maximum drawdown of -16%, indicating moderate risk.

Key watch conditions include monitoring the price action around the ₹331.52 support level. A break below this could signal further weakness, potentially testing the ₹326.72 level. Conversely, a sustained move above the nearest resistance at ₹347.46 would be needed to confirm a strengthening bullish trend, especially given the mixed signals between daily and longer-term timeframes.

- The stock closed at ₹332.15 on September 18, 2026.
- Nearest support levels are ₹331.52, ₹329.68, and ₹326.72.
- Nearest resistance level is ₹347.46.
- Daily indicators show mixed signals with price below short-term moving averages, while weekly and monthly charts remain bullish.
- Active daily pattern: Morning Star; Active monthly pattern: Inside Bar; Active weekly pattern: Outside Bar.

- Morning Star
- Inside Bar
- Outside Bar
- Bearish Engulfing Reversal
- Bullish Engulfing Reversal

### What Changed

FSN E-Commerce Ventures, trading on the NSE under the symbol NYKAA, experienced a price increase to ₹332.15 as of the observation date September 18, 2026, up from ₹323.75 previously. This price movement occurred against a backdrop of broader market news, including the announcement of NSE's mega-IPO, which ranked as India's second-largest issue at ₹22,561.57 crore and attracted 189 anchor investors. No new corporate filings were reported for NYKAA during this period. The company's common name remains FSN E-Commerce Ventures.

- On September 18, 2026, NYKAA's stock price was ₹332.15, an increase from the previous price of ₹323.75.
- The observation date for the latest price data is September 18, 2026.
- Recent market news highlighted NSE's IPO, which was India's second-largest at ₹22,561.57 crore and secured 189 anchor investors.
- FSN E-Commerce Ventures is listed on the NSE.
- No new filings were reported for FSN E-Commerce Ventures.

- NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors

### Official Filings

FSN E-Commerce Ventures Limited (Nykaa) has provided updates on several key developments. The company's subsidiary, Earth Rhythm Private Limited, saw an increase in Nykaa's shareholding, with an additional 24.2% equity stake acquired on September 5, 2026. This follows board approval on May 21, 2026. Additionally, the company's wholly owned subsidiary, Nykaa E-Retail Limited, completed the full redemption of its issued Non-Convertible Debentures on August 12, 2026. On the capital front, FSN E-Commerce Ventures Limited allotted 180,870 equity shares on September 5, 2026, and 226,200 equity shares on August 9, 2026, pursuant to the exercise of stock options by employees. These allotments increased the company's issued and paid-up share capital. The company also received an ESG Rating of 64 for FY2026 from Crisil ESG Ratings & Analytics Limited, an upgrade from 'Adequate' to 'Strong', based on FY2026 data and publicly available information. The 14th Annual General Meeting held on August 25, 2026, saw the adoption of FY2026 financial statements and the re-appointment of directors Mr. Sanjay Nayar and Mr. Milan Khakhar, along with the appointment of M/s. Walker Chandiok & Co. LLP as statutory auditors. During the AGM, it was reported that FY26 revenue crossed ₹10,000 crore, growing 26% year-on-year, with EBITDA growing 59% to ₹752 crore and Profit After Tax nearly tripling to ₹204 crore. The company also outlined a vision for FY30 to significantly scale GMV and EBITDA.

- On September 5, 2026, FSN E-Commerce Ventures Limited increased its shareholding in subsidiary Earth Rhythm Private Limited by an additional 24.2%.
- On August 12, 2026, wholly owned subsidiary Nykaa E-Retail Limited completed the full redemption of its Non-Convertible Debentures.
- On September 5, 2026, and August 9, 2026, the company allotted equity shares under Employee Stock Option Schemes, increasing its issued and paid-up share capital.
- On September 10, 2026, FSN E-Commerce Ventures Limited was assigned an ESG Rating of 64 for FY2026 by Crisil, upgrading its classification to 'Strong'.
- At the 14th AGM on August 25, 2026, FY26 revenue was reported at over ₹10,000 crore, with PAT nearly tripling to ₹204 crore. Directors were re-appointed and new statutory auditors appointed.

- FSN E Commerce Ventures Limited has informed the Exchange about the ESG Rating |SUBJECT: Credit Rating- Others
- FSN E Commerce Ventures Limited has informed the Exchange about Completion of transaction for further increase in shareholding in Earth Rhythm Private Limited ( Earth Rhythm ), a subsidiary of the Company |SUBJECT: General Updates
- FSN E Commerce Ventures Limited has informed the Exchange regarding Allotment of 180870 Equity Shares pursuant to exercise of vested stock options by employees under the Employee Stock Option Schemes of the Company. |SUBJECT: ESOP/ESOS/ESPS
- FSN E Commerce Ventures Limited has submitted the Exchange a copy Srutinizers' Report and Voting Results of 14th Annual General Meeting held on August 25, 2026. |SUBJECT: Shareholders meeting
- FSN E Commerce Ventures Limited has informed the Exchange about the Chairperson s Speech delivered at the 14th Annual General Meeting held on August 25, 2026. |SUBJECT: General Updates
- FSN E Commerce Ventures Limited has informed the Exchange about the Presentation made at 14th Annual General Meeting (AGM) of the Company. |SUBJECT: General Updates
- FSN E Commerce Ventures Limited has informed the Exchange regarding Proceedings of 14th Annual General Meeting held on August 25, 2026. |SUBJECT: Shareholders meeting
- FSN E Commerce Ventures Limited has informed the Exchange regarding 'Redemption of Unlisted, Unsecured, Unrated, Redeemable, Non-Convertible Debentures ( NCDs ) by Nykaa E-Retail Limited, a wholly owned subsidiary of the Company.' |SUBJECT: Updates
- FSN E Commerce Ventures Limited has informed the Exchange regarding Allotment of 226200 Shares pursuant to the exercise of vested stock options by the employees under Employee Stock Option Schemes of the Company. |SUBJECT: ESOP/ESOS/ESPS
- FSN E COMMERCE VENTURES LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL

### Fundamentals

FSN E-Commerce Ventures (Nykaa) reported its financial results for the period ending Q1 FY2026-27. Revenue from operations stood at ₹2,782 crore. Profit Before Exceptional Items and Tax was ₹129.16 crore, while Profit Before Tax was also ₹129.16 crore. The company reported a Profit/Loss for the period of ₹79.76 crore. Comprehensive income for the period was ₹79.84 crore. Finance costs for the quarter were ₹26.74 crore.

- Revenue from operations for Q1 FY2026-27 was ₹2,782 crore.
- Profit Before Exceptional Items and Tax for Q1 FY2026-27 was ₹129.16 crore.
- Profit/Loss for the period in Q1 FY2026-27 was ₹79.76 crore.
- Comprehensive income for Q1 FY2026-27 was ₹79.84 crore.
- Finance costs in Q1 FY2026-27 amounted to ₹26.74 crore.

### Bull Case

The company's stock is exhibiting strength across multiple timeframes, indicated by bullish SuperTrend signals on daily, weekly, and monthly charts. This technical strength is supported by positive returns over various periods, including a 35% return over the past year and a 25% year-to-date return. The stock is trading above key moving averages, with the 50-day Simple Moving Average (SMA) at ₹331.85 and the 20-day Exponential Moving Average (EMA) at ₹334.23, suggesting upward momentum. Additionally, the company is positioned near several support levels, with the nearest at ₹331.52, indicating potential price floors.

- The stock shows a bullish SuperTrend signal on daily, weekly, and monthly timeframes as of September 18, 2026.
- The stock has delivered a 35% return over the last year and a 25% year-to-date return.
- The current stock price is above the 50-day SMA (₹331.85) and 20-day EMA (₹334.23).
- Nearest support levels are identified at ₹331.52, ₹329.68, ₹326.72, and ₹324.88.

- NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors
- Rs 80,000 crore digital ad pie: Karan Taurani spots a hidden profit lever in new-age stocks

### Bear Case

The company's technical indicators suggest potential near-term headwinds. While the daily and weekly trends show a bullish direction with Supertrend indicators at ₹319.58 and ₹290.34 respectively, the 14-day Average Directional Index (ADX) on the monthly chart stands at a high 83.63. This elevated ADX reading can indicate a very strong trend, but also suggests that the trend may be nearing exhaustion or could be prone to sharp reversals. The company is currently trading below its 20-day Exponential Moving Average (EMA) of ₹334.23 and its 20-day Simple Moving Average (SMA) of ₹336.25 on a daily basis, indicating potential short-term weakness. Additionally, the current drawdown is -5%, and the maximum drawdown observed is -16%, highlighting historical volatility.

- Monthly ADX reading of 83.63 on 2026-09-18 suggests a potentially overextended trend.
- Daily close of ₹332.15 is below the 20-day EMA (₹334.23) and 20-day SMA (₹336.25) as of 2026-09-18.
- The company has experienced a current drawdown of -5% and a maximum drawdown of -16%.

- NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors
- Rs 80,000 crore digital ad pie: Karan Taurani spots a hidden profit lever in new-age stocks

### FAQs

**What was the company's financial performance for the fiscal year ended March 31, 2026, and what are its future growth targets?**

For the fiscal year ended March 31, 2026, FSN E-Commerce Ventures Limited reported revenue crossing ₹10,000 crore, a 26% year-on-year increase. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 59% to ₹752 crore, resulting in a margin of 7.5%. Profit After Tax (PAT) nearly tripled to ₹204 crore, with a margin of 2%. The company has outlined a vision for fiscal year 2030 to scale Gross Merchandise Value (GMV) by 2.5 to 3 times and EBITDA by 4 to 5 times, targeting a Return on Capital Employed (ROCE) of over 40%.

**How has the company's environmental, social, and governance (ESG) rating evolved?**

On September 10, 2026, Crisil ESG Ratings & Analytics Limited assigned FSN E-Commerce Ventures Limited an ESG Rating of 64 for the fiscal year 2026. This represents an upgrade from the previous rating of 57, moving the company's classification from 'Adequate' to 'Strong'. This rating was generated based on FY2026 data and publicly available information, and the company did not engage Crisil for this assessment.

**What recent transactions has the company undertaken regarding its subsidiaries and employee stock options?**

On September 5, 2026, FSN E-Commerce Ventures Limited completed the acquisition of an additional 24.2% equity stake in its subsidiary, Earth Rhythm Private Limited. Also on September 5, 2026, the company's Nomination and Remuneration Committee allotted 180,870 equity shares to employees who exercised vested stock options under the company's Employee Stock Option Schemes. This allotment increased the company's issued and paid-up share capital.

**What is the current technical trend and key price levels for FSN E-Commerce Ventures Limited?**

As of September 18, 2026, the daily trend for FSN E-Commerce Ventures Limited indicates a bullish Supertrend at 319.58. The 14-day Average Directional Index (ADX) is 23.02, suggesting a moderate trend strength. Key price levels to monitor include support at ₹331.52 (0.19% below the current close of ₹332.15) and resistance at ₹347.46 (4.61% above the current close).

- NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors
- Rs 80,000 crore digital ad pie: Karan Taurani spots a hidden profit lever in new-age stocks
- FSN E Commerce Ventures Limited has informed the Exchange about the ESG Rating |SUBJECT: Credit Rating- Others
- FSN E Commerce Ventures Limited has informed the Exchange about Completion of transaction for further increase in shareholding in Earth Rhythm Private Limited ( Earth Rhythm ), a subsidiary of the Company |SUBJECT: General Updates
- FSN E Commerce Ventures Limited has informed the Exchange regarding Allotment of 180870 Equity Shares pursuant to exercise of vested stock options by employees under the Employee Stock Option Schemes of the Company. |SUBJECT: ESOP/ESOS/ESPS
- FSN E Commerce Ventures Limited has submitted the Exchange a copy Srutinizers' Report and Voting Results of 14th Annual General Meeting held on August 25, 2026. |SUBJECT: Shareholders meeting
- FSN E Commerce Ventures Limited has informed the Exchange about the Chairperson s Speech delivered at the 14th Annual General Meeting held on August 25, 2026. |SUBJECT: General Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹324.88
- Risk regime: Price Risk Currently Contained

### Support levels
- 320.01875
- 300.15
- 258.353046875

### Resistance levels
- 347.4625

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.59% |
| return_10 | -0.61% |
| return_1m | +3.60% |
| return_1y | +35.06% |
| return_20 | +0.54% |
| return_3m | +11.42% |
| return_5 | -2.87% |
| return_6m | +36.32% |
| return_since_start | +101.69% |
| return_ytd | +24.99% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -16.37% |
| annualized_volatility | +28.15% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue grows 29% as profit more than triples and margins expand

Nykaa reported strong top-line growth in the first quarter of FY2026-27, accompanied by a much sharper increase in profitability. Revenue from operations reached ₹2,782 crore, up 29.1% from the same quarter a year ago. Pre-tax profit nearly tripled to ₹129.16 crore, while net profit rose to ₹79.76 crore, more than tripling from ₹24.47 crore in the year-ago period. The gap between revenue and profit growth led to a notable expansion in profit margins.

## Revenue Growth

Revenue from operations of ₹2,782 crore in Q1 FY2026-27 represents a 5.1% increase from ₹2,648.17 crore in the preceding quarter (Q4 FY2025-26) and a 29.1% increase from ₹2,154.94 crore in the year-ago period. The sequential growth indicates the business sustained its revenue momentum following the previous quarter.

## Profitability and Margin Expansion

Pre-tax profit (PBT) of ₹129.16 crore compares with ₹121.52 crore in Q4 FY2025-26 (up 6.3%) and ₹43.71 crore in Q1 FY2025-26 (up 195.5%). Net profit for the period was ₹79.76 crore, up 1.3% sequentially and 225.9% year on year.

Profit growth far outpaced revenue growth in the year-on-year comparison. The PBT margin (PBT/revenue) rose from 2.03% in Q1 FY2025-26 to 4.64% in the current quarter. The net profit margin expanded from 1.14% to 2.87% over the same period. On a sequential basis, the PBT margin increased modestly from 4.59% in Q4 FY2025-26.

## Tax and Finance Costs

Tax expense increased to ₹49.40 crore from ₹42.77 crore in the previous quarter and from ₹19.24 crore a year ago. The effective tax rate (tax expense as a percentage of PBT) was 38.2%, down from 44.0% in the year-ago quarter and up from 35.2% in the previous quarter. The rise in the tax amount reflects the larger profit base.

Finance costs were ₹26.74 crore, relatively unchanged from ₹26.33 crore in Q4 and 11.3% lower than ₹30.16 crore in the year-ago quarter.

## Earnings Per Share

Basic and diluted earnings per share from continuing operations both stood at ₹0.28. This is up from ₹0.27 in the preceding quarter (a 3.7% increase) and from ₹0.08 in Q1 FY2025-26 (a 250% increase). Net profit rose 225.9% over the same year-on-year period, while paid-up equity share capital increased marginally by 0.16%.

## Key Takeaway

Nykaa delivered solid revenue growth and a far sharper improvement in profitability, with net profit more than tripling and margins expanding meaningfully compared to the same quarter last year. The combination of rising revenue and lower relative costs contributed to the profit surge, resulting in a stronger bottom line.

### Ratios

## Official filings

- 2026-09-11 — Credit Rating Update: FSN E-Commerce Ventures Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_11092026192218_ESG_Rating_Intimation.pdf)
- 2026-09-05 — Generic Announcement: FSN E-Commerce Ventures Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_05092026121448_IntimationEarthRhythm.pdf)
- 2026-09-05 — Generic Announcement: FSN E-Commerce Ventures Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_05092026123013_NykaaIntimation.pdf)
- 2026-08-26 — Generic Announcement: FSN E-Commerce Ventures Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_26082026204854_Scrutinizers_Report_and_Voting_Result.pdf)
- 2026-08-25 — Generic Announcement: FSN E-Commerce Ventures Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_25082026151648_SE_Intimation_-_Chairpersons_speech.pdf)
- 2026-08-25 — Generic Announcement: FSN E-Commerce Ventures Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_25082026152131_SE_Intimation_-_AGM_Presentation.pdf)
- 2026-08-25 — Generic Announcement: FSN E-Commerce Ventures Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_25082026153201_SE_Intimation_-_Summary_proceedings_of_the_AGM.pdf)
- 2026-08-12 — Generic Announcement: FSN E-Commerce Ventures Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_12082026194839_RedemptionofNCDs.pdf)
- 2026-08-09 — Generic Announcement: FSN E-Commerce Ventures Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_09082026111304_NykaaIntimation.pdf)
- 2026-08-09 — Generic Announcement: FSN E-Commerce Ventures Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_19825_WebXMLFile_20260809_111445350.xml)
- 2026-08-07 — Generic Announcement: FSN E-Commerce Ventures Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19825_WebXMLFile_20260807_183908041.xml)
- 2026-08-07 — Generic Announcement: FSN E-Commerce Ventures Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_07082026183303_TranscriptVF.pdf)
- 2026-08-06 — Generic Announcement: FSN E-Commerce Ventures Limited announced on August 6, 2026, that company officials will participate in several investor meetings and conferences. These include the Motilal Oswal Annual Global Investor Conference on August 17, 2026, the GS Asia Leaders Conference in Hong Kong from August 31 to September 1, 2026, the UBS India Summit on September 10, 2026, the Jefferies India Forum in Gurgaon on September 16, 2026, and the J.P. Morgan India Conference on September 21, 2026. The schedule is subject to change. — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_06082026184524_Intimationofanalystmeet06082026.pdf)
- 2026-08-05 — Generic Announcement: FSN E-Commerce Ventures Limited published its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, in the Financial Express, Navshakti, and The Free Press Journal on August 5, 2026. Resonance Specialties Limited's Board of Directors approved its unaudited financial results for the quarter ended June 30, 2026, on August 4, 2026, reporting total income of Rs. 3,258.41 lakhs and net profit after tax of Rs. 574.42 lakhs for the quarter. The Bombay High Court permitted the felling of 847 mangrove and 196 non-mangrove trees for a 132 KV transmission line project linked to the Mumbai-Ahmedabad Bullet train corridor, emphasizing this should not set a precedent for future compensatory afforestation. — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_05082026181041_IntimationVF.pdf)
- 2026-08-04 — Official Filing: FSN E-Commerce Ventures Limited (NYKAA) announced its acquisition of Aminu Wellness Private Limited, a skincare company, for up to INR 32 Crores. The acquisition, approved by the board on August 4, 2026, is expected to be completed by September 15, 2026. Aminu Wellness, incorporated in 2019, has strong R&D and omnichannel distribution, fitting into India's premiumizing BPC segment. Aminu's turnover was INR 19.44 Crores in FY26, with a profit after tax of INR 5 Lakhs and net worth of INR 1.28 Crores.
- 2026-08-04 — Generic Announcement: FSN E-Commerce Ventures Limited's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved the acquisition of a 51% equity stake in Aminu Wellness Private Limited for up to INR 32 Crores, with completion expected by September 15, 2026. Aminu Wellness Private Limited, incorporated in 2019, is engaged in the skincare cosmetics business and had a turnover of INR 19.44 Crores in FY 2025-26. — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_04082026161156_OutcomeofBMvF.pdf)
- 2026-08-04 — Official Filing: FSN E COMMERCE VENTURES LIMITED (NYKAA) disclosed on August 4, 2026, that audio and video recordings of an analyst and investor conference call for Q1 FY27 are now available on the company's website. The call concluded at 18:30:00 on August 4, 2026, and the recordings were uploaded at 21:50:00 on the same date. Prior intimation of the earnings call was disclosed to the exchange on July 27, 2026.
- 2026-08-04 — Earnings Presentation: FSN E-Commerce Ventures Limited (Nykaa) has released its investor presentation for the quarter ended June 30, 2026. The company reported a Net Revenue of Rs 5,590 Cr and a Profit After Tax (PAT) of Rs 236 Cr. Key highlights include a 29% YoY growth in Beauty NSV and a 54% YoY growth in Fashion NSV. Nykaa also announced the acquisition of a 51% stake in Aminu for Rs 32 Crores, expected to close in Q2FY27. — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_04082026161853_NykaaInvestorPresentation.pdf)
- 2026-08-04 — Generic Announcement: FSN E-Commerce Ventures Limited has made available the audio and video recordings of its conference call for analysts and institutional investors held on August 4, 2026. The call discussed the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. This disclosure is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_04082026221108_EarningcallAug2026.pdf)
- 2026-08-04 — Generic Announcement: FSN E-Commerce Ventures Limited's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved the acquisition of a 51% equity stake in Aminu Wellness Private Limited for up to INR 32 Crores, with completion expected by September 15, 2026. Aminu Wellness Private Limited, incorporated in 2019, is engaged in the skincare cosmetics business and had a turnover of INR 19.44 Crores in FY 2025-26. — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_04082026161524_OutcomeofBMvF.pdf)
- 2026-08-04 — Press Release: FSN E-Commerce Ventures Limited (Nykaa) announced its Q1 FY2027 financial results, reporting a 29% YoY increase in Net Revenue to Rs. 2,782 Cr and a 226% YoY increase in Net Profit (PAT) to Rs. 80 Cr. Additionally, Nykaa acquired a 51% majority stake in Aminu Wellness Private Limited, a premium dermocosmetic skincare brand, to strengthen its premium skincare portfolio. The company also reported consolidated GMV growth of 34% YoY to Rs. 5,590 Cr and highlighted significant growth in its Beauty and Fashion verticals. — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_04082026163557_NykaaPressRelease.pdf)
- 2026-08-02 — Generic Announcement: FSN E-Commerce Ventures Limited published a notice on August 2, 2026, regarding the upcoming 14th Annual General Meeting (AGM). The notice, published in the Financial Express, Navshakti, and The Free Press Journal, provides instructions for remote e-voting and e-voting at the AGM, along with other related information. This information is also available on the company's investor relations website. — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_02082026185318_Newspaperpublication02082026.pdf)
- 2026-08-01 — Generic Announcement: FSN E-Commerce Ventures Limited will hold its 14th Annual General Meeting on August 25, 2026, via Video Conferencing. The agenda includes adopting the audited financial statements for the fiscal year ending March 31, 2026, re-appointing directors Sanjay Nayar and Milan Khakhar, and appointing Walker Chandiok & Co. LLP as statutory auditors for a five-year term with a proposed remuneration of ₹0.80 Crores for FY 2026-27. — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_01082026193523_AGMNotice.pdf)
- 2026-08-01 — Official Filing: FSN E Commerce Ventures Limited will hold its 14th Annual General Meeting on Tuesday, August 25, 2026, at 10:30 AM in Mumbai, conducted via Video Conference or Other Audio-Visual Means. The agenda includes adopting standalone and consolidated financial statements for the year ended March 31, 2026, re-appointing directors Mr. Sanjay Nayar and Mr. Milan Khakhar, and appointing M/s. Walker Chandiok & Co. LLP as Statutory Auditors from April 1, 2026, to March 31, 2031.
- 2026-08-01 — Generic Announcement: FSN E-Commerce Ventures Limited will hold its 14th Annual General Meeting on August 25, 2026, at 10:30 AM IST via Video Conferencing. The Integrated Annual Report for FY 2025-26 and the AGM Notice are being sent to shareholders with registered email addresses. For shareholders whose email addresses are not registered, links to access these documents are provided on the company's website and other platforms. The e-voting period will be from August 21, 2026, to August 24, 2026, with a cut-off date of August 18, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/NYKAA_01082026200013_Covering_Letter_-_Letter_to_Members_providing_weblink.pdf)

## News and market events

- 2026-09-17 — Economic Times: **NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors** — NSEs Rs 22,561.57 crore IPO ranks as Indias second-largest, behind Hyundai Motor India. The exchange attracted 189 anchor investors and raised Rs 6,746.18 crore before opening for public subscription, making it the second-highest in the historical anchor investor comparison. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/nse-enters-indias-mega-ipo-club-2nd-largest-issue-2nd-highest-anchor-count-with-189-investors/articleshow/134312636.cms)
- 2026-09-15 — Economic Times: **Rs 80,000 crore digital ad pie: Karan Taurani spots a hidden profit lever in new-age stocks** — Indias new-age internet companies may be sitting on a profit engine that investors are still not fully pricing in: advertising. — [Source](https://economictimes.indiatimes.com/markets/expert-view/rs-80000-crore-digital-ad-pie-karan-taurani-spots-a-hidden-profit-lever-in-new-age-stocks/articleshow/134250790.cms)
- 2026-09-09 — CNBC-TV18: **Nykaa bets on in-person discovery as Nykaaland returns to Delhi-NCR for fourth edition** — With Tira, Purplle, Amazon and quick-commerce platforms expanding in beauty, Nykaa and BookMyShow Live are using its festival franchise to bring brands directly to consumers and create another channel for discovery beyond its online storefront. — [Source](https://www.cnbctv18.com/business/nykaa-bets-on-in-person-discovery-as-nykaaland-returns-to-delhi-ncr-for-fourth-edition-19987734.htm)
- 2026-09-05 — Economic Times: **Nykaa raises stake in personal care brand Earth Rhythm - The Economic Times** — The company confirmed it has raised its stake in Earth Rhythm by about 25%. The new shares have now been officially transferred to the company. — [Source](https://economictimes.indiatimes.com/tech/startups/nykaa-raises-stake-in-personal-care-brand-earth-rhythm/articleshow/133793686.cms)
- 2026-09-02 — BUSINESSTODAY: **Nykaa rally: Planning to buy fashion retailer stock after recent up move? Here's what analyst says** — Nykaa share price, Nykaa stock outlook, FSN E-Commerce Ventures, Nykaa target price, Nykaa all-time high, Akshay Bhagwat Nykaa view, Nykaa technical analysis, Nykaa stock recommendation, book profits in Nykaa, Nykaa consolidation phase, Nykaa short term target, Nykaa long term target, beauty retail stock India, fashion ecommerce stock India, Indian stock market outlook, stock-specific market trends, consumer internet stocks India, Nykaa earnings improvement, Nykaa fundamentals, Business Today Nykaa — [Source](https://www.businesstoday.in/markets/stocks/story/nykaa-rally-planning-to-buy-fashion-retailer-stock-after-recent-up-move-heres-what-analyst-says-552849-2026-09-02)
- 2026-08-25 — BUSINESSTODAY: **Nykaa shares: Elara Capital hikes target price; sees 43% upside potential** — Nykaa shares, FSN E-Commerce Ventures, Nykaa target price, Elara Capital, Nykaa stock, Nykaa share price, Nykaa Buy rating, beauty and personal care, BPC GMV, Nykaa premiumisation, quick commerce, Nykaa technical analysis, Nykaa support, Nykaa resistance — [Source](https://www.businesstoday.in/markets/stocks/story/nykaa-shares-elara-capital-hikes-target-price-sees-43-upside-potential-551258-2026-08-25)
- 2026-08-18 — CNBC-TV18: **Nifty could rally 17-20% over next 12-18 months as rupee stabilises: Elara Capital** — Elara Capital's Harendra Kumar expects the Nifty to rise 17-20% over the next 18 months as the rupee stabilises and earnings improve. He favours mid-caps, autos, power and fintech platforms like Nykaa and PB Fintech over private banks, citing a structural shift in profit pools across India's financial sector. — [Source](https://www.cnbctv18.com/market/nifty-can-rally-17-20-over-next-18-months-rupee-stabilises-elara-capital-harendra-kumar-el-nino-sensex-crude-oil-omcs-gst-rbi-19971636.htm)
- 2026-08-06 — CNBC-TV18: **Market Pulse: Key triggers to watch before the August 7 trading session** — Crude oil prices remain in focus as uncertainty over an Iran-Oman deal to partially reopen the Strait of Hormuz persists, while US markets traded largely flat overnight. Indian investors will also track the US labour market after initial jobless claims remained below 200,000 for a third straight week. Back home, the June quarter earnings of State Bank of India (SBI), along with results from Trent, FSN E-Commerce Ventures (Nykaa), Titan Company, Bharti Airtel, Voltas, Bharat Forge, Mahanagar Gas, Tata Chemicals and Aditya Birla Capital, will be key market triggers. — [Source](https://www.cnbctv18.com/photos/market/market-pulse-key-triggers-to-watch-before-the-august-7-trading-session-19963647.htm)
- 2026-08-05 — BUSINESSTODAY: **Nykaa shares: Profit booking from 52-week high post Q1 earnings; here are fresh price targets** — Nykaa shares, Nykaa shares rise, Nykaa shares, Nykaa share price target, Nykaa stock price today, Nykaa earnings, Nykaa Q1 earnings — [Source](https://www.businesstoday.in/markets/stocks/story/nykaa-shares-profit-booking-from-52-week-high-post-q1-earnings-here-are-fresh-price-targets-547376-2026-08-05)
- 2026-08-05 — CNBC-TV18: **Nykaa shares fall over 4% despite strong Q1 but analysts see more upside** — Nomura expects premiumisation, expanding brand partnerships, the continued scale-up of owned brands and physical expansion into Tier-II and Tier-III cities to support Nykaa's both revenue growth and margin expansion. — [Source](https://www.cnbctv18.com/market/nykaa-share-price-falls-despite-strong-q1-but-analysts-see-more-upside-19962091.htm)
- 2026-08-05 — CNBC-TV18: **Q1 Results LIVE Updates: Nykaa shares fall 3%, PNB Housing up 5%; Power Grid, Biocon report today** — Q1 Results LIVE Updates: Power Grid, Biocon, Aurobindo Pharma, Berger Paints, Allcargo Logistics, Aster DM, Bayer Corp, Bikaji, Cummins India, Datamatics, eClerx, GMM Pfaudler, GNFC, Godrej Agrovet, GE Vernova, JK Lakshmi Cement, Navin Fluorine, PB Fintech, Shree Renuka Sugar, Shilpa Medicare, Snowman Logistics, Whirlpool of India, are among the companies reporting their first quarter earnings today. Earnings reactions also come from stocks like BSE, MCX, ONGC, Bharti Airtel, Marico, Nykaa and many others. Watch this space for all the LIVE result updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-bharti-airtel-ongc-marico-nykaa-aurobindo-biocon-cummins-ge-vernova-pb-fintech-gnfc-whirlpool-berger-bse-mcx-share-price-liveblog-19961894.htm)
- 2026-08-05 — Economic Times: **Nvidia bets on Sarvam AI; Sidbi eases fund rules for VCs** — Happy Wednesday! Sarvams Pratyush Kumar has confirmed adding Nvidia to the AI startups captable. This and more in todays ETtech Morning Dispatch. — [Source](https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/nvidia-bets-on-sarvam-ai-sidbi-eases-fund-rules-for-vcs/articleshow/132883992.cms)
- 2026-08-05 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: GIFT Nifty extends gains to 190 points; BSE in focus** — Sensex Today | Stock Market Live Updates: It remains to be seen how the index moves in case it tests 24,800 on the upside yet again. The Nifty Bank, which underperformed for most of Tuesday, also saw a jump on Tuesday in the final tick, closing back near the 58,000 mark, sustaining above which will be key. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-rbi-policy-today-cas-ongc-lombard-auto-nbfcs-realty-bharti-nykaa-share-price-liveblog-19961862.htm)
- 2026-08-05 — Economic Times: **Stocks in news: BSE, PB Fintech, Nykaa, Airtel, and LIC** — Markets experienced profit-taking after Monday's rally, with indices closing lower. Investors await the Reserve Bank of India's monetary policy announcement on Wednesday. BSE reported a significant profit increase for the June quarter, driven by revenue growth. Bharti Airtel and Nykaa also announced strong quarterly earnings, showing substantial profit jumps. The government began an offer for sale in LIC for non-retail investors. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-bse-pb-fintech-nykaa-airtel-and-lic/articleshow/132881774.cms)
- 2026-08-04 — Mint: **Nykaa says quick delivery isn’t hurting margins as Q1 profit jumps 226% | Company Business News** — FSN E-Commerce's Q1 net profit rose to ₹80 crore as higher order frequency sustained quick-commerce margins, while its fashion arm turned Ebitda-positive. — [Source](https://www.livemint.com/companies/company-results/nykaa-says-quick-delivery-isn-t-hurting-margins-as-q1-profit-jumps-226-11785850197928.html)
- 2026-08-04 — CNBC-TV18: **Q1 Results LIVE Updates: ONGC profit jumps to ₹17,034 crore, revenue at ₹46,461 crore; BSE net profit rises 9.6% QoQ** — Q1 Results LIVE Updates: Two Nifty 50 companies Bharti Airtel, ONGC and Ajmera Realty, Alembic Pharma, BSE, Bharti Hexacom, Castrol, Godrej Properties, Greaves Cotton, Kalyan Jewellers, Marico, MCX, Nykaa, Metro Brands, NHPC, Motherson Sumi Wiring, Pidilite, Protean e-GOV, Keystone Realtors, RITES, Saregama, Safari Industries, Sanofi India, Tata Investment, Symphony, United Breweries, Uno Minda, VRL Logistics, Zydus Wellness, Welspun Enterprises, Wonderla Holidays, Prince Pipes, Metropolis Healthcare, CE InfoSystems, are among the other companies reporting their numbers today. Earnings reactions also come from stocks like DLF, IREDA, Torrent Power, and other such names. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-bharti-airtel-hexacom-ongc-dlf-sbi-funds-ireda-bse-mcx-kalyan-gcpl-marico-nykaa-pidilite-share-price-liveblog-19960965.htm)
- 2026-08-04 — Mint: **Nykaa Q1 Results: Net profit surges over threefold to  ₹80 crore on strong beauty demand** — FSN E-Commerce Ventures, Nykaa's parent, reported a 226% YoY increase in profit to  ₹80 crore for the June quarter, driven by rising sales and improved margins. Revenue rose 29% YoY to  ₹2,782 crore, led by strong demand in skincare and makeup. — [Source](https://www.livemint.com/market/stock-market-news/nykaa-q1-results-net-profit-surges-over-threefold-to-rs-80-crore-on-strong-beauty-demand-11785848895992.html)
- 2026-08-04 — CNBC-TV18: **Stocks to Watch for August 5: Bharti Airtel, Nykaa, HDFC Bank, Marico and more** — A busy earnings calendar continues on Wednesday, with several companies set to announce their June quarter results, while the RBI's monetary policy decision is also due. Here are the stocks likely to remain in focus in Wednesday's trading session. — [Source](https://www.cnbctv18.com/photos/market/top-stocks-to-watch-for-august-5-bharti-airtel-bharti-hexacom-nykaa-and-banks-auto-rbi-mpc-decision-19961529.htm)

## Business profile

**Strategic vision:** Digitally native consumer technology platform for beauty and lifestyle.

### Business segments
- **Beauty and Personal Care:** Offers a wide range of cosmetics, skincare, haircare, and wellness products through its online platform.
- **Fashion:** Provides designer clothes, accessories, and lifestyle products.
- **Men's Grooming and Wellness:** Offers grooming, hair care, skin care, and wellness products specifically for men.
- **Wellness and Lifestyle:** Strategically expanded into broader wellness and lifestyle categories.

### Competitive strengths
- Enhanced quality assurance and product authenticity through direct purchasing and inventory management.
- Superior customer experience via efficient delivery and return processes.
- Curated product assortments tailored to the Indian consumer market.
- Seamless integration of online and offline retail channels.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/nykaa
Markdown representation: https://faxioms.com/stocks/nykaa?render=md