5433842022-07-012022-09-305433842022-09-305433842022-03-315433842022-04-012022-09-305433842022-07-012022-09-30in-bse-fin:OtherExpenses1Member5433842022-04-012022-09-30in-bse-fin:OtherExpenses1Member5433842022-07-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15433842022-04-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15433842022-07-012022-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15433842022-04-012022-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares543384NYKAAINE388Y01029FSN E-Commerce Ventures LimitedEquity2022-04-012023-03-312022-11-012022-10-26INRMillionsHalf yearlySingle segmentOmnichannel2022-11-0110:30:002022-11-0113:10:00trueCash Flow IndirectNot applicable2022-07-012022-09-30UnauditedConsolidated1230829000064760000123730500002225100005858020000650380000121761000020356000038502000037484000001228550000087550000087550000215910000-18491000031000000056550000000-4640000519100006110000580200004108000010830000471800001084000047455000010.090.09000.090.091. The above Unaudited Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2022 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. These results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on October 31, 2022 and November 01, 2022 respectively. <BR> 2. During the previous year ended March 31, 2022, the Company had completed its Initial Public Offer (IPO) of 47,575,326 equity shares of face value of Re 1 each at an issue price of Rs. 1,125 per share (including a share premium of Rs. 1,124 per share). A discount of Rs. 100 per share was offered to eligible employees bidding in the employee’s reservation portion of 250,000 equity shares. The issue comprised of a fresh issue of 5,602,666 equity shares aggregating to Rs. 6,300 million and offer for sale of 41,972,660 equity shares by selling shareholders aggregating to Rs. 47,197 million. Pursuant to the IPO, the equity shares of the Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on November 10, 2021. <BR> The total offer expenses of Rs 2,161.24 million (inclusive of taxes) are proportionately allocated between the selling shareholders and the Company in the proportion of equity shares sold by the selling shareholders and offered by the Company.Net proceeds unutilized as of September 30, 2022 were temporarily invested in deposits with scheduled commercial banks and kept in current account with scheduled commercial banks and monitoring agency bank account. <BR> 3. The Group is engaged in the business of selling beauty, personal care, fashion products and other related products and services through various platforms and the Group’s Chief Operating Decision Makers (CODM) review and allocate resources based on Omni business and Omni channel strategy, which constitutes a single reportable segment as per Ind AS 108 - ‘Operating Segments’. Hence, no separate disclosure is required for segments. <BR> 4. On May 04, 2022, the Company had acquired 18.51% stake in Earth Rhythm Private Limited (Earth Rhythm) for a consideration of Rs. 416.50 million. Accordingly, effective such date Earth Rhythm has become an associate of the Company and the same has been accounted provisionally as per equity method of accounting in the consolidated financial results in accordance with Ind AS 28 ‘Investment in associates and joint ventures’. <BR> 5. On May 24, 2022, Nykaa Fashion Private Limited (wholly owned subsidiary of the Company) had acquired the Brand “Kica” including Brand Trademark, other Intellectual Property Rights, etc. for Rs. 45.10 million. The same has been accounted under intangible assets. <BR> 6. On June 30, 2022, the Company has acquired 60% stake in Nudge Wellness Private Limited (Nudge) for a consideration of Rs. 36.00 million. Accordingly, effective such date Nudge has become a subsidiary of the Company. The Company is in the process of completing the Purchase Price Allocation (PPA) in accordance with Ind AS 103 Business Combinations. Accordingly, as on the acquisition date, it has recognized the group’s share in the carrying amount of assets and liabilities of the subsidiary, Non-Controlling Interest (NCI), and goodwill of Rs. 0.73 million on a provisional basis. <BR> 7. On September 09, 2022, the Company has acquired 100% stake in Illuminar Media Private Limited (LBB) for a consideration of Rs. 292.75 million. Accordingly, effective such date LBB has become a wholly owned subsidiary of the Company. The Company is in the process of completing the Purchase Price Allocation (PPA) in accordance with Ind AS 103 Business Combinations. Accordingly, as on the acquisition date, it has recognized the carrying amount of assets and liabilities of the subsidiary and the excess of consideration over the net assets / (liabilities) has been recognized as goodwill of Rs. 312.30 million on a provisional basis. <BR> 8. The Board of Directors of the Company at its meeting held on October 6, 2022 has approved entering into Share Purchase cum Shareholders’ Agreement (“Agreement”) by FSN International Private Limited , a wholly owned subsidiary of the Company (hereinafter referred to as “FSN International”) with Apparel Group, a global fashion and lifestyle retail conglomerate headquartered in the United Arab Emirates (UAE) (hereinafter referred to as “Apparel”) for undertaking an omni-channel, multi branded beauty retail operation business in the countries that are part of the Gulf Cooperation Council (GCC) through an entity to be incorporated in the Abu Dhabi Global Market in which FSN International will hold 55% stake and balance 45% will be held by Apparel as on the Closing Date, in accordance with the terms of the Agreement. <BR> 9. The Board of Directors in their meeting held on October 03, 2022 has approved issue of bonus shares, in proportion of 5:1, i.e. 5 (five) bonus equity shares of Re 1 each for every 1 (one) fully paid-up equity share held as on the record date, subject to approval by the Members of the Company through Postal Ballot. <BR> 10. Previous period figures have been regrouped wherever found necessary, to conform to the current period classification. 2022-04-012022-09-30UnauditedConsolidated237925000001483900002394089000045548000013273470000-61262000023647000003541900006951400007239580000237699400001709500000170950000329160000-271630000575300000113420000000-1141000010201000018500001038600008658000015430000884200001544000047455000010.180.18000.180.18Other Expenses3748400000Other Expenses7239580000578283000010864000007890400006647700002463800000040508000000889820000129490000014240900004226900001073334000093323700000126356000025914000013538200000255245000054289700000336925000018130590000002886393000047455000013138200000136127500009509000013707840000653000004634450000464098000089210000000473019000048622400001787990000316447000098147000004337000009710000080400000010425900000001515609000028863930000354190000-576160000-3232200000-1349460000-5000000-115500000-9564630000-178372000005280000006951400000-491000008472200000-72800000103880000636200000002358300000-3189040000-30180900000003190700000-3337160000032875000000000001199130000000000000000-36742000000000011577000000226209000000119810000000000-15384300000527480000016827000000962490000-1125800000-112580000371720000259140000Remeasurements of defined benefit liability54900005490000Remeasurements of defined benefit liability-10000-100001040000-350000Exchange differences in translating the financial statements of foreign operations, net16600001660000Exchange differences in translating the financial statements of foreign operations, net1510000151000000