Shares of FSN E-Commerce Ventures, which operates the beauty and fashion retailer Nykaa, declined 3% to Rs 334 on the BSE on Wednesday even as the company reported a more than three-fold rise in consolidated net profit to Rs 80 crore for the first quarter of FY27, up from Rs 23 crore in the same period last year.
Nykaa’s revenue from operations rose over 29% YoY to Rs 2,782 crore, while EBITDA surged 68% YoY to Rs 236 crore during the quarter under review. Its EBITDA margin improved to 8.5% in the first quarter of the ongoing financial year, up from 6.5% reported in the corresponding period of FY26.
