FSN E-Commerce Ventures Ltd (BOM:543384)

Q3 2026 Fsn E-Commerce Ventures Ltd Earnings Call Transcript

Feb 5, 2026 / 11:30 AM GMT

Release Date Price: ₹258.25 (+2.95%)

Transcript

Key Points

Positve

FSN E-Commerce Ventures Ltd (BOM:543384) reported a 28% year-on-year GMV growth, reaching INR 5,795 crore.
Net revenue increased by 27% year-on-year to INR 2,873 crore.
The company achieved its highest EBITDA margin ever at 8% of net revenue, marking a 63% year-on-year growth.
The beauty business reported a strong EBITDA margin of 10.1% for the quarter.
FSN E-Commerce Ventures Ltd expanded its retail presence to 276 stores across 94 cities, enhancing its omnichannel strategy.

Negative

The fashion business saw a decline in EBITDA margin from 5.4% to 2% year-on-year.
Despite strong growth, the fashion business reported losses at 3.7% of net revenue for the nine-month period.
The company faced a one-time impact due to a new labor code, affecting the PAT margin.
Fulfillment expenses increased by 13 basis points year-on-year, impacting net revenue.
There is a potential risk of dilution in average order values with the expansion of the Nykaa Now quick delivery service.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FSNE.NS - Fsn E-Commerce Ventures Ltd
Q3 2026 Fsn E-Commerce Ventures Ltd Earnings Call
Feb 05, 2026 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Hi, good evening everyone.

This is Michelle from Corrisol.

Welcome to FSN e-commerce Ventures Limited, Q3 Whiteman at v have.

Miss Falguniar, executive Chairperson, MD and CEO, Mr.

Anjadar, executive Director and CEO Beauty.

Miss Advert and I, executive Director and co-founder and CEO of House of Nyka brands, Mr.

Vishal Gupta, CEO, Nyka Distribution.

They said Abhijit Dabas, executive.

Vice President Naika fashion.com.

Mr.

Peganesh, Chief Financial Officer.

Before we start, we would like to point out that some of the statements made in today's call may be forward-looking in nature and a disclaimer to this effect

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