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.
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.
Below are the trading platforms that you can use to purchase FSN E-Commerce Ventures Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
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.
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.
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 |
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 |
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 |
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 |
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.
FAQS
As of August 2nd, 2024, the share price of FSN E-Commerce Ventures Ltd is around INR ₹202.
Based on various market analyses and expert opinions, the expected share price target of FSN E-Commerce Ventures Ltd by 2024 is around INR 225.18.
As per our analysis, FSN E-Commerce Ventures Ltd in 2025 is expected to trade between ₹173.44 to ₹264.85.
As per our analysis, FSN E-Commerce Ventures Ltd share price target for 2030 would be somewhere between ₹439.52 and ₹682.93.
Also Read
- Indus Towers Ltd Share Price Target 2024, 2025 to 2030
- Tata Teleservices (Maharashtra) Limited Share Price Target 2024, 2025 to 2030
- Rail Vikas Nigam Limited Share Price Target 2024, 2025 to 2030
Conclusion
Nykaa’s financial performance from March 2020 to March 2024 demonstrates robust growth and improvement. Sales grew substantially from ₹1,768 crore to ₹6,386 crore, while operating profit rose from ₹83 crore to ₹346 crore, maintaining a consistent margin. The company turned its net profit from a loss into a gain of ₹40 crore, and earnings per share (EPS) improved from -₹1.9 to ₹0.11. Despite increases in expenses and depreciation, Nykaa’s strategic reinvestments and effective management have strengthened its financial stability. With anticipated share price increases and a positive growth outlook, Nykaa is well-positioned for continued success and expansion in the future.
What did we learn?
- 1 About Nykaa Ltd
- 2 Shareholding Patterns of Nykaa
- 3 How to Purchase FSN E-Commerce Ventures Ltd’s Shares in India?
- 4 FSN E-Commerce Ventures Ltd Share Price Prediction: 2024, 2025 to 2030
- 4.1 FSN E-Commerce Ventures Ltd Share Price Target 2024
- 4.2 FSN E-Commerce Ventures Ltd Share Price Prediction 2025
- 4.3 FSN E-Commerce Ventures Ltd Share Price Target 2026
- 4.4 FSN E-Commerce Ventures Ltd Share Price Prediction 2027
- 4.5 FSN E-Commerce Ventures Ltd Share Price Target 2028
- 4.6 FSN E-Commerce Ventures Ltd Share Price Target 2029
- 4.7 FSN E-Commerce Ventures Ltd Share Price Target 2030
- 5 Financial FSN E-Commerce Ventures Ltd: Last 5 Years
- 6 FAQS
- 7 Conclusion