Nykaa share price today

FSN E-Commerce Ventures Ltd's share price was ₹353.90 at the close on 3 November 2026. It has been rising for 78 weeks. That is 18.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹235 and ₹354, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today FSN E-Commerce Ventures Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 29 weeks in a row.

Over the last 5 years the share price moved −10% while the NIFTY 500 moved +42%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), profit up on a year earlier for 11 quarters in a row (every quarter we can compare) and foreign funds (FIIs) raised their stake for 3 quarters in a row.

1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹2,782 crore, +29.1% on a year earlier.

   Why: Revenue rose because Fashion sold more after widening its clothes and home range.

   Next results: check whether Fashion growth holds as Nike sales become part of last year's comparison.

   From the earnings call on 4 Aug 2026.

2. Profit up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter profit was ₹80 crore, +233.3% on a year earlier.

   Why: Profit rose because Fashion made a profit for the quarter after being loss making.

   Next results: check whether Nykaa Now grows without pulling down overall earnings.

   From the earnings call on 4 Aug 2026.

3. Foreign funds (FIIs) raised their stake for 3 quarters in a row

   From 12.2% to 15.7% of the company by the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), Nykaa reported revenue of ₹2,782 crore, up 29.1% from ₹2,155 crore a year earlier, and a profit of ₹80.0 crore, up 233.3% from ₹24.0 crore.

Nykaa results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Nykaa's management discussed these results on a call held on 4 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Nykaa closed at ₹353.90 on 3 November 2026, up 42.8% from ₹247.85 a year earlier (31 October 2025) and down 10.0% over five years. Its highest weekly close since November 2021 was ₹405.80 on 26 November 2021.

Nykaa share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

267 weekly closes from 12 November 2021 to 3 November 2026.

3 Nov 2026: Nykaa closed at ₹353.90, up 10.9% on the week and up 9.5% on the month. 4 Aug 2026: Nykaa held its results call for April to June 2026. Management guided: Nykaa Now presence above 25 cities by end FY27, with meaningful order share through the fulfillment model.

Earlier

• Results for April to June 2026: Revenue up 29.1% and profit up 233.3% on a year earlier.

Nykaa has paid no dividend on the NSE since its first NSE close in our records (12 November 2021), the start of the period we checked.

No. FSN E-Commerce Ventures Ltd paid out 0% of its profit as dividends in each of its last 9 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 4 November 2026.

On the call for April to June 2026, held on 4 August 2026, Nykaa's management guided: Nykaa Now presence above 25 cities by end FY27, with meaningful order share through the fulfillment model.

“The improvement in EBITDA that we are now seeing after Q4 and in the first quarter of this year is structural in nature.”Abhijit Dabbas, on the call for April to June 2026

What management guided

• Superstore NSV yearly growth above 35% by FY30.
• Fashion growth of 3-3.5 times over 4-5 years.
• Remaining 49% stake in the premium dermacosmetics brand to be acquired over the next few years.
• Relevant Nykaa consumer TAM estimated at 65-100 million over five years, including men and broad price points.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 4 August 2026.

When Nykaa reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Superstore NSV growth to strengthen as GST-related MRP effects normalize from Q3 - check NSV-GMV convergence.

Nykaa is on 3 of our India lists: Momentum stocks, 52 week high & low and Small & mid cap stocks.

FSN E-Commerce Ventures Ltd earned ₹80.0 Cr of net profit in the Jun 2026 quarter, +233.3% on the same quarter a year earlier. That is the 11th quarter in a row of profit growth. Full-year FY26 profit was ₹204 Cr. That is 2.9% of the quarter's revenue. The same quarter a year earlier earned ₹24.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹204 Cr (+183.3% on the year before).

Why profit moved: revenue changed +29.1% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +216.1% and revenue +27.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FSN E-Commerce Ventures Ltd reported ₹2,782 Cr of revenue in the Jun 2026 quarter, +29.1% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 8 years it has grown 43.0% a year on average. The last full year, FY26, came in at ₹10,022 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹10,649 Cr.

FY26 revenue was ₹10,022 Cr, +26.1% on the year before.

Recent pace: the last four quarters grew +27.3% on average, against 43.0% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +27.4%, against +26.0% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +217.1%, against +132.7% a year (accelerating).

FSN E-Commerce Ventures Ltd's operating margin was 8.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 9 years it has been between −4.6% and 8.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +2.0 percentage points on the year while gross margin changed +1.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 352% of FSN E-Commerce Ventures Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹644 Cr of operating cash against ₹204 Cr of profit. After ₹465 Cr of spending on assets, ₹179 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 352% of profit came in as cash: the cash cycle got 15 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

FSN E-Commerce Ventures Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 71 days in FY26, up from 56 days in FY21. It spent ₹1,097 Cr on assets over the last 3 years. Customers take 11 days to pay, and stock sits for 109 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹10,022 Cr, each day of that cycle ties up about ₹27.5 Cr, so roughly ₹1,949 Cr is tied up in the business at any time.

FY26: customers took 11 days to pay and stock sat for 109 days, about 3.6 months of sales sitting as stock, for a full cycle of 71 days, longer than FY21's 56.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 109 days. Customers pay about 11 days after that. Suppliers are paid at 49 days. Together that makes the 71-day cycle.

Spending on assets: ₹1,097 Cr over the last 3 years, against ₹810 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹9.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

FSN E-Commerce Ventures Ltd's P/E is 381.3×, near the low end of its own history: it has been lower only 7% of the time. Its usual P/E (the middle reading) is 1,221.0×, over 5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹0.89.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved +204.3% while the price moved +42.8%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved −2.1% a year; about +33.4% a year came from earnings growth and about −35.5 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 28% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

FSN E-Commerce Ventures Ltd's business is growing steadily. Revenue and EPS growth have stayed positive throughout, and ROCE is steady at 17.0%. This is based on 8 quarters of 4 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: steady growth with healthy returns is how a business compounds over time.

The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

FSN E-Commerce Ventures Ltd earned a ROCE of 17% in FY26. That is up from a low of −1% in FY19. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 2.0% net margin and 2.17× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 2.0% net margin × 2.17× asset turnover × 3.21× leverage (assets divided by equity) ≈ 13.9% on equity. The margin does its share; borrowing is a big part of it.

The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 28% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

FSN E-Commerce Ventures Ltd had ₹1,238 Cr of borrowings against ₹1,438 Cr of equity in FY26, so its debt is 0.86× its equity. Its operating profit is 6 times its interest bill. Over 5 years borrowings went from ₹333 Cr to ₹1,238 Cr. Over the last 3 of those years it spent ₹1,097 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 28% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Foreign institutions raised their stake in FSN E-Commerce Ventures Ltd by 5.5 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 15.7% of the company. Domestic institutions moved +0.5 points over the same period, to 22.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: +5.5 points over 8 quarters, to 15.7%; Domestic institutions: +0.5 points over 8 quarters, to 22.4%; Promoters: −0.1 points over 8 quarters, to 52.1%.

Why the owners changed: foreign institutions drove it (+5.5 points), together with domestic institutions (+0.5 points). They raised their stake step by step.

For FSN E-Commerce Ventures Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

61.0 out of 100, rank 3 of 6 in New age - Platform - E-Retail, with 68% of the evidence available.

FSN E-Commerce Ventures Ltd scores 61.0 out of 100 against the 6 companies it is compared with in New age - Platform - E-Retail, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 22.5 + 14.9 + 10 + 13.6 = 61. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Nykaa ranks 3 of 6 New age - Platform - E-Retail companies on the 4-Factor Sector Score, with 61.0 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: New age - Platform - E-Retail, all 6 compared on one page.

Nykaa is the 3rd largest of 6 New age - Platform - E-Retail companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Lenskart Solutions and Meesho. Just below it: Honasa Consumer, Brainbees Solutions and GNG Electronics.

New age - Platform - E-Retail companies close in size

1. Lenskart Solutions Ltd ₹1,17,960 crore
2. Meesho Ltd ₹1,03,221 crore
3. FSN E-Commerce Ventures Ltd ₹1,00,078 crore
4. Honasa Consumer Ltd ₹14,414 crore
5. Brainbees Solutions Ltd ₹8,236 crore
6. GNG Electronics Ltd ₹7,518 crore

All 6 New age - Platform - E-Retail companies, largest first

Companies close in size in other industries

109. Aditya Birla Capital Ltd ₹1,01,156 crore · Conglomerate Backed NBFC
110. Persistent Systems Ltd ₹1,00,296 crore · IT - ER&D
111. FSN E-Commerce Ventures Ltd ₹1,00,078 crore
112. Siemens Energy India Ltd ₹99,831 crore · Electrical Equipments/HVDC
113. Indus Towers Ltd ₹99,802 crore · Telecom Services

Sector Alpha, written by code from the published numbers. Data as of 3 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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