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FSN E-Commerce

Q1 FY27Retailing

FSN E-Commerce Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹333
Market cap₹95.7K Cr
P/E359.4
Updated25 Aug 2026
Read4 min read

The short version

Nykaa expects the total addressable market (TAM) for fashion online to grow from 55-65 million consumers to about 100 million over the next 5 years. Nykaa expects continued healthy growth driven by underlying platform expansion and new partnerships like Nike.

From FSN E-Commerce's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

  • Nykaa expects the total addressable market (TAM) for fashion online to grow from 55-65 million consumers to about 100 million over the next 5 years.
  • The annual unique transacting customers (AUTC) currently stand at 20 million with a base of 60 million buyers who have ever transacted; there is significant growth potential by increasing purchase frequency and average order value.
  • Fashion business aims for 3 to 3.5x growth over the next 4-5 years, supported by new partnerships (e.g., Nike) and expanded brand assortment.
  • Both Beauty and Fashion verticals show strong growth acceleration, with Beauty growing ~29% Y-o-Y and Fashion 54% Y-o-Y recently.

2 more points from FSN E-Commerce's call on revenue

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Profitability & Margins

See what FSN E-Commerce said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Nykaa continues investing in infrastructure expansion to improve fulfillment capabilities and One-Day Delivery (O2D) efficiencies, as shown by increased fulfillment expenses in recent quarters.
  • Focus on expanding Superstore retailer network and category footprint, including adding more wellness categories.
  • Leveraging data science and technology, including AI, to enhance retailer engagement, predictive ordering, and marketing productivity.
  • Plans to expand Nykaa Now quick commerce platform from 13 cities to over 25 cities by FY27, increasing same-day/60-minute delivery coverage.
  • Investing in customer acquisition across beauty and fashion businesses, supported by innovative marketing and technology.
  • Building new business lines within Fashion vertical (e.g., Nike D2C partnership, enterprise business).

2 more points from FSN E-Commerce's call on capex

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Top-ranked in Retailing

Ranked on what management guided this quarter

Guidance-ranked
1Rentomojo
Rev 1Mar 3
2V2 Retail
Rev 1Mar 3
3
Rev 2Mar 2
4
Rev 2Mar 2
5
Rev 2Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what FSN E-Commerce said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Some relevant insights related to orders and growth are as follows: - Nykaa reported approximately 17.3 million orders in the beauty segment for the recent quarter, with around 20% year-on-year growth in order volumes. - The company sees strong repeat purchase behavior improving order frequency, especially in personal care categories, supported by initiatives like Nykaa Now offering 60-minute delivery. - Nykaa continues to expand its customer base, with 60 million customers and strong customer acquisition efforts contributing to order growth.

2 more points from FSN E-Commerce's call on order book

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FSN E-Commerce — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.6K Cr, net profit ₹79 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What FSN E-Commerce's management said in earlier quarters

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Frequently Asked Questions

What were FSN E-Commerce Q1 FY27 results?

Nykaa expects the total addressable market (TAM) for fashion online to grow from 55-65 million consumers to about 100 million over the next 5 years. Nykaa expects continued healthy growth driven by underlying platform expansion and new partnerships like Nike.

What is FSN E-Commerce share price analysis?

FSN E-Commerce currently shows a neutral. The stock trades at a P/E of 359.4 with a market cap of ₹95,661 Cr. Investors should review the full earnings analysis for detailed insights.

Is FSN E-Commerce planning capital expenditure?

Nykaa continues investing in infrastructure expansion to improve fulfillment capabilities and One-Day Delivery (O2D) efficiencies, as shown by increased fulfillment expenses in recent quarters.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.