FSN E-Commerce Ventures Ltd
Fortune 500 2025
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OVERVIEW
FINANCIALS
NEWS
About
FSN E-Commerce Ventures, known for its flagship brand Nykaa, is a leading Indian retailer in beauty, fashion, and personal care. Established in 2012, Nykaa revolutionized the cosmetics industry with its online-first approach, later expanding into physical retail stores. The platform offers an extensive range of products across skincare, haircare, makeup, and wellness, catering to diverse consumer needs. With a strong focus on authenticity and exclusive brand collaborations, Nykaa has built a loyal customer base. The company has also ventured into private-label offerings and fashion retail, reinforcing its presence as a go-to destination for beauty and lifestyle products in India.
Incorporation Year: 2012
Headquarters: Mumbai, Maharashtra
Top Management: Falguni Nayar
Industry: FMCG
Website: www.nykaa.com
Featured In Fortune India Ranking
Fortune 500 India
#317(2025)
#336(2024)
#376(2023)
#368(2022)
#317(2025)#336(2024)#376(2023)#368(2022)
Financial Data 2024
Revenue
6,616
(INR Cr)
Net Operating Income
6,386
(INR Cr)
Assets
2,332
(INR Cr)
Profit
32
(INR Cr)
Net Worth
1,262
(INR Cr)
Fortune India Coverage
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Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 6616 24.5% | 5316 27.7% | 4163 66.9% | 2494 27.3% | 1960 57.8% | 1242 94.6% | 638 - |
| Net Operating Income (INR Cr) | 6386 24.14% | 5144 36.30% | 3774 54.61% | 2441 38.10% | 1768 59.04% | 1111 93.50% | 574 0.00% |
| Profit (INR Cr) | 32 67.6% | 19 -53.1% | 41 -33.3% | 62 - | -17 - | -25 - | -28 - |
| Assets (INR Cr) | 2332 -0.2% | 2337 13.0% | 2068 149.0% | 831 12.2% | 741 36.2% | 544 164.2% | 206 - |
| Net Worth (INR Cr) | 1262 -8.4% | 1378 2.8% | 1340 173.7% | 490 52.1% | 322 39.6% | 231 89.6% | 122 0.0% |
| Employee Cost (INR Cr) | 565 14.9% | 492 50.6% | 326 40.1% | 233 19.1% | 196 66.8% | 117 113.5% | 55 - |
| Interest Cost (INR Cr) | 84 | 76 | 47 | 32 | 46 | 27 | 7 |
| Cash & Bank Balance (INR Cr) | 240 | 149 | 267 | 248 | 176 | 12 | 38 |
| Total Debt (INR Cr) | 969 | 799 | 593 | 333 | 413 | 310 | 83 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 0.5% | 0.4% | 1.0% | 2.5% | - | - | - |
| Profit As % Of Assets | 1.4% | 0.8% | 2.0% | 7.4% | - | - | - |
| Profit As % Of Networth | 2.6% | 1.4% | 3.1% | 12.6% | - | - | - |
| Interest Cost to EBITDA % | 24.1% | 29.4% | 28.8% | 20.4% | 55.7% | 128.0% | - |
| Debt to Equity Ratio | 0.77 | 0.58 | 0.44 | 0.68 | 1.28 | 1.35 | 0.68 |
| RONW | 3.3% | 1.8% | 4.2% | 13.5% | - | - | - |
| ROCE | 6.5% | 5.1% | 6.2% | 11.8% | 0.0% | 0.0% | 0.0% |






