FSN E-Commerce Ventures Ltd

AGM Details

• 14th AGM held on August 25, 2026 at 10:30 IST via Video Conferencing.
• Remote e-voting from Aug 21–24, 2026; post-meeting window of 15 minutes.

Key Resolutions

• 1A Ordinary - Adoption of standalone financial statements for year ended Mar 31, 2026.
• 1B Ordinary - Adoption of consolidated financial statements for year ended Mar 31, 2026.
• 2 Ordinary - Re-appointment of Sanjay Nayar as Director by rotation.
• 3 Ordinary - Re-appointment of Milan Khakhar as Director by rotation.
• 4 Ordinary - Appointment of Walker Chandiok & Co. LLP as Statutory Auditors; remuneration to be fixed.

Voting Results

• E-voting results and Scrutinizer's Report to be declared as per applicable laws.

Director Changes

• Re-appointments of Sanjay Nayar and Milan Khakhar as Directors by rotation.

AGM Details

• AGM held on 25 August 2026 at 10:30 IST; presentation to Members.

Financial Overview

• FY26 revenue Rs 10,022 Cr; EBITDA Rs 752 Cr; PAT Rs 204 Cr.

AGM Details

• AGM held on August 25, 2026; chairperson delivered the speech.

Financials FY26

• FY26 revenue ₹10,000 crore; EBITDA ₹752 crore; PAT ₹204 crore; ROCE 21.2%.
• Fixed asset turnover 9.9x; working capital days 28; net debt down 47%.
• FY30 targets: revenue 2.5-3x; EBITDA 4-5x; ROCE 40%+.

Growth segments and initiatives

• Beauty NSV > ₹8,500 crore; GMV ≈ ₹15,000 crore; 45 million customers.
• Fashion NSV ~₹1,450 crore; EBITDA breakeven achieved FY26 Q4.
• House of Nykaa GMV ₹3,200 crore; NSV ₹1,900 crore.
• Superstore GMV ₹1,200 crore; 5 lakh retailers served.
• GCC expansion: six stores; revenue share under 1%.
• AI initiatives: Ask Nykaa, Virtual Closet, Skin Scan; AI across organization.
• 55 million customers; 313 beauty stores; 44 warehouses.

ESG & Governance

• 85% of orders shipped in sustainable packaging; recycled 1100+ tonnes.
• CSR: 5,600+ women trained; target 50,000 by FY31.
• Board: 55% independent directors; ~30% women.
• Awards: Top 15 Best Workplaces in Retail.

NCD redemption by subsidiary

• Nykaa E-Retail Limited, a wholly owned FSN subsidiary, completed full redemption of its unlisted NCDs.
• Redemption was completed in accordance with pre-agreed terms.
• Regulatory reference: disclosure under Regulation 30 of SEBI LODR.
• No monetary amount of NCDs or redemption proceeds disclosed.

Financial Performance

• Net revenue for Q1 FY27 was INR 2,782 crores, up 29% YoY.
• GMV for the quarter was INR 5,590 crores, up 34% YoY.
• Gross profit INR 1,276 crores; margin 45.9%.
• EBITDA INR 236 crores; margin 8.5%.
• PAT INR 80 crores; margin 2.9%.
• PAT grew 226% YoY to INR 80 crores.

Segments and Growth

• Beauty NSV INR 2,371 crores; 29% YoY growth.
• Fashion NSV INR 451 crores; 54% YoY growth.
• Beauty EBITDA INR 244 crores; margin 10.3%.
• Fashion EBITDA margin near breakeven at 0.1%.
• House of Nykaa annualized NSV INR 2,200 crores; 36% YoY.
• House of Nykaa annualized GMV INR 3,760 crores; 39% YoY.
• Nykaa Now present in 13 cities; 1,000+ brands; 60-minute delivery.
• 11 new stores this quarter; total 324 stores across 105 cities.
• Largest Nykaa store opened at Ambience Vasant Kunj; 5,000 sq ft.
• Brand partners above 10,000; 160 added this quarter.
• AI initiatives: Virtual Closet; Nykaa voice assistant Nynaa handles ~50% of calls.
• Nykaa consumer base 60 million customers; 33% YoY growth.
• Aminu acquisition: 51% stake now; 49% later; 3 hero products.
• Nike D2C platform in India; 1.5 million app installs in under six months.
• Nike is top 3 brand on Nykaa Fashion.

Strategic Developments

• Aminu adds premium dermocosmetics; 3 hero products, strong R&D depth.
• Nykaa Now accelerates quick-delivery, broadens beauty categories.

Q&A Highlights

• Nike partnership: Nike.in marketplace vs end-to-end D2C platform run by Nykaa Fashion.
• Apparel D2C partnerships provide growth; other brands remain marketplace.
• Nykaa Now EBITDA drag not evident; higher fulfillment cost offset by purchase frequency.
• GST-led MRP impact on GMV expected to normalize from Q3.
• D2C and enterprise lines in fashion expected to contribute beyond current quarter.

Outlook and Guidance

• Long-term guidance: 3 to 3.5x growth over 4 to 5 years.
• Nykaa Now expansion to 25+ cities by end of FY27.
• Capital efficiency improving; ROCE 26.8% and working capital days under 30.

Meeting Details

• Aug 17, 2026: Motilal Oswal Global Investor Conference, Mumbai, physical; one-on-one/group.
• Aug 31–Sept 1, 2026: GS Asia Leaders Conference, Hong Kong, physical; one-on-one/group.
• Sept 10, 2026: UBS India Summit, Mumbai, physical; one-on-one/group.
• Sept 16, 2026: Jefferies India Forum, Gurgaon, physical; one-on-one/group.
• Sept 21, 2026: J.P. Morgan India Conference, Mumbai, physical; one-on-one/group.

Participants

• Company officials to participate in the meetings.

Purpose

• Purpose: investor meetings and conference participation with investors.

Meeting Details

• Date and time: August 04, 2026 at 17:00 IST.
• Format: group virtual earnings conference call.
• Event: FSN E-Commerce Ventures Nykaa Q1FY27 Earnings Conference Call.

Participants

• Company management team to present; investor relations representative to participate.
• Interactive Q&A session with analysts/institutional investors.

Purpose

• Discuss the quarterly results for quarter ended June 30, 2026.
• Facilitate investor Q&A following the presentation.

Additional Notes

• Investor presentation will be available on Nykaa’s investor relations page.