FSN E-Commerce Ventures Ltd , the parent company of fashion and beauty retailer Nykaa, on Friday (November 7) reported a net profit of ₹34.4 crore for the quarter ended September 2025, up from ₹10 crore in the same period last year, marking a 244% year-on-year increase.

Revenue from operations grew 25.1% year-on-year to ₹2,346 crore from ₹1,875 crore in Q2 FY25, supported by strong growth in the beauty segment and a revival in fashion.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) increased 53% to ₹158.5 crore compared with ₹103.6 crore in the year-ago period. The company’s EBITDA margin expanded to 6.7% from 5.5% a year ago.

Nykaa’s consolidated Gross Merchandise Value reached ₹ 4,744 crore in the second quarter of fiscal year 2026, up 30% year-on-year. Gros

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