Nykaa's premium push lifts Q4 Ebitda margin to record 8.4%, profit quadruples
FSN E-Commerce posted Q4FY26 revenue of ₹2,648 cr (+28% YoY) with Ebitda up 67% to ₹223 cr. House of Nykaa labels like Dot & Key (₹1,790 cr GMV) drove gross margin to 45.4%. Fashion turned Ebitda-positive, but at 72x FY27 EV/Ebitda, valuations look stretched amid rising competition.
FSN E-Commerce posted Q4FY26 revenue of ₹2,648 cr (+28% YoY) with Ebitda up 67% to ₹223 cr. House of Nykaa labels like Dot & Key (₹1,790 cr GMV) drove gross mar
Mint · Markets · 5/22/2026, 8:26:18 AM · Ask about this →