FSN E-Commerce Ventures Ltd (Nykaa) Share Price Target 2024, 2025 to 2030

Nykaa is a prominent Indian e-commerce company headquartered in Mumbai, specializing in the sale of beauty, wellness, and fashion products. Established as an online retailer, Nykaa expanded its business model in 2015 to include an omnichannel approach, integrating both online and offline retail. This strategic move allowed the company to broaden its product offerings beyond beauty products. As of 2020, Nykaa boasts an impressive portfolio of over 2,000 brands and 200,000 products available through its website, mobile app, and more than 100 physical stores across India. Notably, Nykaa achieved a significant milestone in 2020, becoming the first Indian unicorn startup led by a woman. This achievement highlights its rapid growth and the dynamic leadership propelling its success. Nykaa’s extensive range includes products manufactured both domestically and internationally, catering to a diverse and discerning customer base.

About Nykaa Ltd

Founded in April 2012 by Falguni Nayar, Nykaa began as an e-commerce platform offering a curated selection of beauty and wellness products. The brand name “Nykaa,” derived from the Sanskrit word for “actress” or “one in the spotlight,” reflects its focus on beauty. Initially launching around Diwali 2012, Nykaa quickly established itself as a prominent online destination for beauty products. By 2015, the company had expanded beyond its online roots to include physical stores and broaden its product offerings to fashion items, further solidifying its position in the retail market.

In 2020, Nykaa achieved significant milestones, including securing substantial investments and launching Nykaa Man, India’s first multi-brand grooming store for men. The company went public in October 2021 with an initial public offering (IPO) that raised ₹5,352 crore (US$640 million), leading to a dramatic increase in its valuation to nearly US$13 billion. This IPO not only marked Nykaa’s entry into the public market but also propelled its founder, Falguni Nayar, into the spotlight as India’s wealthiest self-made female billionaire.

Shareholding Patterns of Nykaa

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters +	52.28%	52.26%	52.24%	52.22%	52.20%
FIIs +	10.04%	9.84%	10.65%	10.32%	10.48%
DIIs +	11.58%	14.31%	15.25%	17.16%	18.29%
Public +	26.10%	23.60%	21.87%	20.31%	19.02%
No. of Shareholders	5,85,698	5,65,191	5,08,936	5,20,788	4,79,394

From June 2023 to June 2024, Nykaa’s shareholding patterns showed significant shifts. The promoters’ stake slightly decreased from 52.28% to 52.20%, while Foreign Institutional Investors (FIIs) experienced minor fluctuations, ending at 10.48%. Domestic Institutional Investors (DIIs) significantly increased their holdings from 11.58% to 18.29%, indicating growing institutional confidence. Conversely, public shareholding declined from 26.10% to 19.02%, reflected in the reduction of shareholders from 585,698 to 479,394. This trend suggests a consolidation of shares among larger institutional investors and promoters, highlighting increased institutional ownership and reduced public participation.

How to Purchase FSN E-Commerce Ventures Ltd’s Shares in India?

Below are the trading platforms that you can use to purchase FSN E-Commerce Ventures Ltd shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

FSN E-Commerce Ventures Ltd Share Price Prediction: 2024, 2025 to 2030

FSN E-Commerce Ventures Ltd Share Price Target 2024

When	Maximum Price	Minimum Price
August 2024	210.25	182.83
September 2024	218.66	190.14
October 2024	214.38	186.41
November 2024	222.95	193.87
December 2024	225.18	195.81

The projected share prices for 2024 are anticipated to show positive trends. In August, the maximum price is expected to be ₹210.25, while the minimum is forecasted at ₹182.83. Moving into September, the share price is anticipated to rise to a maximum of ₹218.66 and a minimum of ₹190.14. By October, FSN E-Commerce Ventures Ltd is predicted to have a maximum price of ₹214.38 and a minimum of ₹186.41. In November, the maximum share price is projected to reach ₹222.95, with a minimum of ₹193.87. Finally, by December, the share price is expected to peak at ₹225.18, with a minimum of ₹195.81, reflecting a steady upward trend throughout the year.

FSN E-Commerce Ventures Ltd Share Price Prediction 2025

When	Maximum Price	Minimum Price
January 2025	227.43	174.95
February 2025	229.73	176.72
March 2025	234.55	180.43
April 2025	232.23	178.64
May 2025	225.47	173.44
June 2025	235.61	181.24
July 2025	230.99	177.69
August 2025	238.14	183.18
September 2025	241.00	185.38
October 2025	247.26	190.20
November 2025	253.44	194.96
December 2025	264.85	203.73

As we step into 2025, FSN E-Commerce Ventures Ltd is anticipated to see its share price reach a maximum of ₹227.43 and a minimum of ₹174.95 in January. By December, the share price is expected to peak at ₹264.85, with a minimum of ₹203.73.

FSN E-Commerce Ventures Ltd Share Price Target 2026

When	Maximum Price	Minimum Price
January 2026	272.79	209.84
February 2026	265.97	204.60
March 2026	271.29	208.69
April 2026	276.83	212.95
May 2026	274.09	210.84
June 2026	280.94	216.11
July 2026	275.43	211.87
August 2026	283.95	218.42
September 2026	289.63	222.79
October 2026	297.16	228.59
November 2026	304.59	234.30
December 2026	312.20	240.16

FSN E-Commerce Ventures Ltd Share Price Prediction 2027

When	Maximum Price	Minimum Price
January 2027	315.33	242.56
February 2027	323.41	248.78
March 2027	336.03	258.48
April 2027	329.44	253.41
May 2027	319.84	246.03
June 2027	334.23	257.10
July 2027	327.68	252.06
August 2027	337.82	259.86
September 2027	349.64	268.95
October 2027	358.73	275.95
November 2027	367.70	282.84
December 2027	376.89	289.92

FSN E-Commerce Ventures Ltd Share Price Target 2028

When	Maximum Price	Minimum Price
January 2028	384.43	295.71
February 2028	394.28	303.30
March 2028	409.66	315.12
April 2028	401.63	308.95
May 2028	389.93	299.95
June 2028	407.48	313.44
July 2028	399.49	307.30
August 2028	411.84	316.80
September 2028	426.26	327.89
October 2028	437.34	336.42
November 2028	448.27	344.83
December 2028	459.48	353.45

FSN E-Commerce Ventures Ltd Share Price Target 2029

When	Maximum Price	Minimum Price
January 2029	468.67	360.52
February 2029	480.69	369.76
March 2029	499.44	384.18
April 2029	489.64	376.65
May 2029	475.38	365.68
June 2029	496.77	382.13
July 2029	487.03	374.64
August 2029	502.10	386.23
September 2029	519.67	399.74
October 2029	533.18	410.14
November 2029	546.51	420.39
December 2029	560.17	430.90

FSN E-Commerce Ventures Ltd Share Price Target 2030

When	Maximum Price	Minimum Price
January 2030	571.38	439.52
February 2030	586.03	450.79
March 2030	608.88	468.37
April 2030	596.94	459.19
May 2030	579.56	445.81
June 2030	605.64	465.87
July 2030	593.76	456.74
August 2030	612.12	470.86
September 2030	633.55	487.35
October 2030	650.02	500.02
November 2030	666.27	512.52
December 2030	682.93	525.33

As we step into 2030, FSN E-Commerce Ventures Ltd is expected to reach a maximum share price of ₹571.38 and a minimum of ₹439.52 in January. By December, the share price is projected to peak at ₹682.93, with a minimum of ₹525.33.

Financial FSN E-Commerce Ventures Ltd: Last 5 Years

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,768	2,441	3,774	5,144	6,386
Expenses +	1,685	2,283	3,610	4,887	6,039
Operating Profit	83	158	164	257	346
OPM %	5%	6%	4%	5%	5%
Other Income +	10	12	27	30	30
Interest	46	32	47	76	83
Depreciation	60	72	96	173	224
Profit before tax	-12	66	47	38	69
Tax %	31%	7%	13%	35%	37%
Net Profit +	-16	62	41	21	40
EPS in Rs	-1.9	6.82	0.14	0.07	0.11
Dividend Payout %	0%	0%	0%	0%	0%

Over the period from March 2020 to March 2024, Nykaa’s financial performance demonstrated a robust growth trajectory. Sales revenue surged from ₹1,768 crore in March 2020 to ₹6,386 crore in March 2024, reflecting the company’s expanding market presence and increasing consumer demand. Correspondingly, expenses also rose from ₹1,685 crore to ₹6,039 crore, maintaining a balance with revenue growth. Despite the rise in expenses, Nykaa managed to enhance its operating profit from ₹83 crore to ₹346 crore, with the operating profit margin (OPM) remaining relatively stable around 4% to 6%.

Other income showed a steady increase, peaking at ₹30 crore in March 2023 and maintaining that level in March 2024. Interest expenses grew from ₹46 crore in March 2020 to ₹83 crore in March 2024, while depreciation also saw a significant rise from ₹60 crore to ₹224 crore over the same period. Profit before tax fluctuated, with a notable improvement from a loss of ₹12 crore in March 2020 to a profit of ₹69 crore in March 2024.

Net profit followed a similar trend, transitioning from a loss of ₹16 crore in March 2020 to a gain of ₹40 crore in March 2024, despite varying tax rates which peaked at 37% in March 2024. Earnings per share (EPS) improved from a negative ₹1.9 to a positive ₹0.11. Notably, Nykaa did not distribute any dividends during this period, as indicated by a consistent dividend payout ratio of 0%, likely reinvesting earnings to fuel further growth and expansion.

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