FSN E-Commerce Ventures Ltd.Crosses $1B Revenue Milestone

FSN E-Commerce Ventures delivered exceptional Q4 FY26 results, posting record net revenue of ₹2,648 crores with 28% year-on-year growth, marking the strongest performance in 12 quarters.

For the full year, the company crossed the ₹10,000 crore ($1 billion) revenue milestone with 26% growth, maintaining mid-20s growth momentum for 14 consecutive quarters. EBITDA surged 67% year-on-year to ₹223 crores at an all-time high margin of 8.4%, while PAT skyrocketed 313% to ₹79 crores. Beauty segment GMV reached ₹15,000 crores growing 27% with EBITDA margin improving to 9.6%. Fashion turned profitable for the first time with Q4 EBITDA of 0.3% after achieving 30% GMV growth.

House of Nykaa brands posted impressive 50-65% growth with Dot & Key delivering ₹1,790 crores GMV. Return on capital employed nearly doubled to 21.2% from 11.3%. Management expressed cautious optimism for FY27 citing strong April-May momentum but flagged global macro concerns around inflation and currency depreciation. Strategic focus includes expanding retail presence by 50-70 stores annually, leveraging AI-driven marketing efficiency, and scaling ultra-luxury brand partnerships with Chanel, La Prairie, and SK-II.