)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
FSN E-Commerce Ventures
FSN E-Commerce Ventures (NYKAA) investor relations material
FSN E-Commerce Ventures Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary4 Nov, 2026
Executive summary
Q2 FY27 GMV was INR 6,151 crore, up 30% YoY; revenue was INR 3,006.04 crore, up 28%, while EBITDA rose 65% and net profit rose 207%.
Growth and profitability strengthened across Beauty and Fashion; Beauty EBITDA margin reached 10.5%, while Fashion recorded a third consecutive profitable quarter on its operating measure.
Financial highlights
Q2 revenue from operations was INR 3,006.04 crore versus INR 2,345.98 crore YoY; total income was INR 3,015.56 crore versus INR 2,354.01 crore.
Gross profit was INR 1,382 crore, up 31% YoY; gross margin expanded 106 bps to 46.0%.
EBITDA was INR 263 crore, up 65%, with an 8.7% margin, up 196 bps; PAT was INR 101.19 crore, up 207%, with a 3.4% margin.
H1 revenue was INR 5,788.04 crore, up 29%; EBITDA was INR 499 crore, up 66%, and PAT was INR 180.95 crore, up 215%.
Marketing and S&D expenses declined 50 bps YoY to 15.2% of revenue; employee and other expenses declined 87 bps to 11.9%, while fulfillment expense rose 47 bps amid infrastructure investment.
Outlook and guidance
Fashion long-term EBITDA margin guidance remains high single digits by FY30 and 10%+ at steady state; management does not expect the improvement next year and gave no near-term quarterly guidance.
Beauty’s store network is targeted to reach ~600 over the next few years, from 338 currently.
Nykaa Now operated in 15 cities in Q2, with 25+ cities planned by FY27-end; delivery is offered in 30–60 minutes.
Management was optimistic on Q3 festive trading but said full-quarter results would be needed to assess demand; H1 festive inventory buildup is expected to normalize by Q3-end.
Simply Nam acquisition is expected to close by December 31, 2026, subject to closing conditions and approvals.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from FSN E-Commerce Ventures
- FY21 returned to profit as GMV grew 50.7%, with IPO preparation advancing.NYKAA
Q4 20/21 - Standalone profit rose in FY20 as COVID-19 disruption and conditional employee OCRPS shaped the outlook.NYKAAQ4 19/20
- Revenue and GMV surged, but investment-led margin pressure tempered FY2022 profit.NYKAAQ4 21/22
- Revenue and EBITDA grew strongly, but PAT fell as expansion and associate losses weighed.NYKAAQ4 22/23
- Q1 FY27 delivered 34% GMV growth, 68% EBITDA growth, and a major premium skincare acquisition.NYKAAQ1 26/27
- Aims for $5B+ GMV by FY30, powered by digital, premium, and AI-driven growth.NYKAAInvestor Day 2026
- Q3 FY2026 saw 28% GMV growth, record margins, and strong Beauty and Fashion segment gains.NYKAAQ3 25/26
- AI-driven growth, premiumization, and strong financials fuel multi-year expansion.NYKAAInvestor Day 2025
- Omnichannel and international expansion, tech innovation, and ESG drive strong growth outlook.NYKAAInvestor Day 2024
Next FSN E-Commerce Ventures earnings date
Q3 26/274 Feb, 2027
FSN E-Commerce Ventures
Next FSN E-Commerce Ventures earnings date
Q3 26/274 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
FSN E-Commerce Ventures Ltd operates as an online and offline retailer of beauty, personal care, fashion, and wellness products under the Nykaa brand. The company offers a curated product portfolio through e-commerce platforms and physical stores. It is headquartered in Mumbai, India, and its shares are listed on the NSE.