Shares of the leading e-commerce fashion giant surged sharply following the company’s announcement of a remarkable 110 percent year-on-year increase in profits. This explosive growth reflects strong consumer demand and successful strategic initiatives, positioning the company for continued momentum in the competitive online retail space.
During Monday’s trading session, the shares of FSN E-Commerce Ventures Ltd reached an intraday high of Rs.204.40 per share, rising from the previous close of Rs.203.26 per share. The shares have retreated since then and are currently trading at Rs.196.65 apiece.
Financial Performance
FSN E-Commerce Ventures Ltd experienced a rise fueled by strong net profit and revenue growth, as reflected in its latest financial results. In Q4 FY25, the company reported revenue of Rs.2,070.71 crore, representing a solid year-over-year growth of approximately 23.6 percent compared to Rs.1,675.04 crore in Q4 FY24. However, on a sequential basis, revenue declined by about 8.9 percent from Rs.2,272.74 crore in Q3 FY25, signaling some moderation after a strong previous quarter.
The company’s net profit for Q4 FY25 stood at Rs.19.05 crore, marking a substantial increase of 110.1 percent from Rs.9.07 crore in the same quarter of the previous year. Sequentially, net profit declined by 27.9 percent from Rs.26.41 crore in Q3 FY25.
For the full year FY25, the company posted a total revenue of Rs.7,977.08 crore, up approximately 24.4 percent from Rs.6,415.56 crore in FY24. Despite moderate top-line growth, the bottom-line performance was robust, with annual net profit rising about 81.3 percent to Rs.72.07 crore from Rs.39.74 crore in the previous fiscal year.
FSN E-commerce reported a GMV of Rs.4102 crore, marking a 27 percent YoY growth, while its EBITDA stood at Rs.133 crore, reflecting a 43 percent YoY increase and accounting for 6.5 percent of net revenue. The gross margin improved to 44.1 percent, up by 151 basis points YoY.
FY25 Business Highlights
In FY2025, FSN E-commerce achieved remarkable growth, reaching a cumulative customer base of over 42 million, a 28 percent YoY increase, and a GMV exceeding $1.8 billion across all platforms. The company expanded its beauty retail presence with 237 stores, the largest beauty network in India, adding 50 new stores, the highest ever in a single year. It also offered the largest beauty and fashion assortment in India with over 8,600 brands, including new launches from NARS, Kérastase, Yves Saint Laurent, Victoria’s Secret, Snitch, and Hopscotch.
FSN E-commerce further enhanced consumer engagement through initiatives like Nykaaland, India’s biggest beauty festival, and Nykaa Wali Shaadi, which ranked among the top 10 OTT shows for several weeks. The company also introduced makeovers in physical stores across FY2025, enriching the customer experience. Its portfolio, including Nykaa, Nykaa Fashion, Nykaa Man, and Superstore by Nykaa, continued to drive transformative success in the beauty and fashion sectors.
FSN E-commerce operates India’s largest specialized beauty retail network with 237 stores across 79 cities, adding 50 stores and entering 11 new cities in FY2025, the highest ever. The network spans 81 stores in the North, 60 in the South, 54 in the West, 31 in the East, 11 in Central India, and includes 76 luxe stores, 107 on-trend stores, and 47 kiosks, covering 2.5 lakh sq.ft., a 45 percent YoY increase.
The company also reported strong financial growth in FY2025, with a 31 percent YoY rise in GMV and a 15 percent increase in same-store sales growth (SSSG). This expansion, coupled with a profitable store network, underscores FSN E-commerce’s robust performance across key metrics.
Written by – Siddesh S Raskar
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