Integrated Filing — IndAS



General information about company
Scrip Code 543384
NSE Symbol NYKAA
MSEI Symbol NOTLISTED
ISIN INE388Y01029
Name of company FSN E Commerce Ventures Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-May-2025   13:00:00
End date and time of board meeting 30-May-2025   16:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 20617600000 79498200000
Other income 89500000 272600000
Total income 20707100000 79770800000
2 Expenses
(a) Cost of materials consumed 12800000 81000000
(b) Purchases of stock-in-trade 11402300000 46830800000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 112300000 -2185200000
(d) Employee benefit expense 1741200000 6660700000
(e) Finance costs 298500000 1073200000
(f) Depreciation, depletion and amortisation expense 729000000 2664000000
(f) Other Expenses
1 Marketing and advertisement expenses 2548900000 9948200000
2 Freight expenses 1256400000 4895500000
3 Web and technology expenses 393600000 1373800000
4 Outsource warehouse manpower expense 319000000 1248100000
5 Beauty advisor expenses 292800000 1102100000
6 Selling expenses 315000000 1061300000
7 Consumption of packing materials 193500000 787500000
8 Legal and professional fees 134400000 429600000
9 Rent and maintenance expenses 112000000 425700000
10 Others 449900000 2100000000
Total other expenses 6015500000 23371800000
Total expenses 20311600000 78496300000
3 Total profit before exceptional items and tax 395500000 1274500000
4 Exceptional items 0 0
5 Total profit before tax 395500000 1274500000
6 Tax expense
7 Current tax -536400000 415000000
8 Deferred tax 741400000 122500000
9 Total tax expenses 205000000 537500000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 190500000 737000000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 -16300000
16 Total profit (loss) for period 190500000 720700000
17 Other comprehensive income net of taxes -21600000 -43100000
18 Total Comprehensive Income for the period 168900000 677600000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 202800000 660800000
Total profit or loss, attributable to non-controlling interests -12300000 59900000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 180100000 616700000
Total comprehensive income for the period attributable to owners of parent non-controlling interests -11200000 60900000
21 Details of equity share capital
Paid-up equity share capital 2859300000 2859300000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.07 0.23
Diluted earnings (loss) per share from continuing operations 0.07 0.23
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.07 0.23
Diluted earnings (loss) per share from continuing and discontinued operations 0.07 0.23
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1.The above audited Consolidated Financial Results of the Group for the quarter and year ended March 31, 2025 have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') as prescribed under section 133 of the Companies Act 2013, as amended, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended. These audited Consolidated Financial Results, as reviewed by the Audit Committee of the Board, were approved and taken on record by the Board of Directors at their meeting held on May 30, 2025. n n2.The consolidated results for the quarter ended March 31, 2025 and March 31, 2024 are balancing figures between audited results for the full financial year and the published year to date figures upto the third quarter of the respective financial years which were subjected to limited review by statutory auditors. n n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 6015800000
Capital work-in-progress 31700000
Investment property 0
Goodwill 975000000
Other intangible assets 1357400000
Intangible assets under development 335700000
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 1600000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 986800000
Total non-current financial assets 988400000
Deferred tax assets (net) 3219000000
Other non-current assets 101500000
Total non-current assets 13024500000
2 Current assets
Inventories 14175400000
Current financial asset
Current investments 0
Trade receivables, current 2466100000
Cash and cash equivalents 1249400000
Bank balance other than cash and cash equivalents 922100000
Loans, current 0
Other current financial assets 2693000000
Total current financial assets 7330600000
Current tax assets (net) 0
Other current assets 5264800000
Total current assets 26770800000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 39795300000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2859300000
Other equity 10153500000
Total equity attributable to owners of parent 13012800000
Non controlling interest 413800000
Total equity 13426600000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1102100000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 3474300000
Total non-current financial liabilities 4576400000
Provisions, non-current 186400000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 4762800000
Current liabilities
Current financial liabilities
Borrowings, current 8511500000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 452600000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 5895700000
Total Trade payable 6348300000
Other current financial liabilities 5862900000
Total current financial liabilities 20722700000
Other current liabilities 781300000
Provisions, current 101900000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 21605900000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 26368700000
Total equity and liabilites 39795300000
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block
Textual Information(1) 1.During the quarter ended December 31, 2024 the Group has acquired additional stake in Earth Rhythm Private Limited (‘Earth Rhythm’) for a consideration of Rs. 39.50 crore on November 26, 2024. The Group now holds 74.63% equity interest (including Optionally Convertible Redeemable Preference Shares) in Earth Rhythm post such investment. The Group has accounted for the acquisition as per Ind AS 103 and has accordingly recognized net goodwill and brand of Rs. 36.43 Crore and Rs. 28.44 Crore respectively. n n2.Subsequent to balance sheet date, Hon'ble National Company Law Tribunal (NCLT) has approved: n (a) Merger of Iluminar Media Limited (Formerly known as Iluminar Media Private Limited) into Nykaa Fashion Limited (Formerly known as Nykaa Fashion Private Limited) on May 27, 2025, (subsidiaries of the Company). The order has been filed by these subsidiary companies with ROC on May 28, 2025. n(b) Scheme of arrangement between FSN Distribution Limited (Formerly known as FSN Distribution Private Limited) (FSND) and Nykaa E-Retail Limited (Formerly known as Nykaa E-Retail Private Limited) (NER) on May 09, 2025, both wholly owned subsidiaries of the Company, to demerge e-B2B business from FSND to NER. The order has been filed by these subsidiary companies with ROC on May 13, 2025. n nThere is no impact of the aforesaid transactions on the consolidated financial results. n n3.Previous period figures have been regrouped wherever found necessary, to confirm to the current period classification.



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Beauty 18947600000 72511700000
2 Fashion 1610000000 6746900000
3 Others 60000000 239600000
Total Segment Revenue 20617600000 79498200000
Less: Inter segment revenue
Revenue from operations 20617600000 79498200000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Beauty 1035600000 3535400000
2 Fashion -364400000 -1245400000
3 Others -72900000 -290900000
Total Profit before tax 598300000 1999100000
i. Finance cost 207900000 207900000
ii. Other Unallocable Expenditure net off Unallocable income -5100000 -5100000
Profit before tax 395500000 1274500000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Beauty 31465200000 31465200000
2 Fashion 3194400000 3194400000
3 Others 548000000 548000000
Total Segment Asset 35207600000 35207600000
Un-allocable Assets 4587700000 4587700000
Net Segment Asset 39795300000 39795300000
4 Segment Liabilities
Segment Liabilities
1 Beauty 14390400000 14390400000
2 Fashion 1854500000 1854500000
3 Others 371400000 371400000
Total Segment Liabilities 16616300000 16616300000
Un-allocable Liabilities 9752400000 9752400000
Net Segment Liabilities 26368700000 26368700000
Disclosure of notes on segments Textual Information(2)



Text Block
Textual Information(2) 1.Beginning FY25, the Group has commenced disclosing “Business Segments” as primary segments based on factors including restructuring of businesses and internal organization/management structure. Considering the reorganization, Group’s Chief Operating Decision Maker (CODM) now reviews and allocates resources based on following primary “Business Segments”- ni) Beauty segment which comprises of online beauty platform, beauty owned brands, physical retail stores, eB2B distribution business and Nykaa Man BPC business. nii) Fashion segment which comprises of Nykaa Fashion, Fashion retail, fashion owned brands, LBB (content platform) and Nykaa Man lifestyle business. niii) Others which comprises the Group’s International beauty business.



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of defined benefit plan -22600000 -60100000
Total Amount of items that will not be reclassified to profit and loss -22600000 -60100000
2 Income tax relating to items that will not be reclassified to profit or loss -2700000 -12100000
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences in translating the financial statements of foreign operations, net -1700000 4900000
Total Amount of items that will be reclassified to profit and loss -1700000 4900000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -21600000 -43100000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1274500000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1073200000
Adjustments for decrease (increase) in inventories -2170000000
Adjustments for decrease (increase) in trade receivables, current -39300000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -832400000
Adjustments for decrease (increase) in other non-current assets -6500000
Adjustments for other financial assets, non-current -74400000
Adjustments for other financial assets, current 140300000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 2458000000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 131500000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 2664000000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 12100000
Adjustments for provisions, non-current -42100000
Adjustments for other financial liabilities, current 633500000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 182900000
Adjustments for share-based payments 169000000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 55200000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 3989200000
Net cash flows from (used in) operations 5263700000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 597400000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 4666300000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 290200000
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 1272200000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 95700000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -587600000
Net cash flows from (used in) investing activities -2054300000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 2679200000
Proceeds from issuing shares 311600000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 2771400000
Repayments of borrowings 3600000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 723900000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -1796700000
Net cash flows from (used in) financing activities -2120400000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 491600000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 491600000
Cash and cash equivalents cash flow statement at beginning of period 757800000
Cash and cash equivalents cash flow statement at end of period 1249400000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. S.R. BATLIBOI & ASSOCIATES LLP Yes 31-Jul-2027