FSN E-Commerce Ventures Ltd is engaged in the business of manufacturing, selling and distributing beauty, wellness, fitness, personal care, health care, skin care, hair care products, fashion garments, fashion accessories and equipments on the online portals or websites such as e-commerce, m-commerce, internet, intranet as well as through physical stores, stalls, general trade and modern trade etc. In addition, it also provides marketing support services. The group operates in the following segments: Beauty, Fashion, and Others. The majority of its revenue is generated from the Beauty segment, which comprises online beauty platform, beauty-owned brands, physical retail stores, eB2B distribution business, and Nykaa Man BPC business. Geographically, the group derives key revenue from India.
2012
491
Last FY Revenue $878M
Last FY EBITDA $55.6M
$8.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
In the most recent fiscal year, Fsn E-Commerce Ventures Ltd reported revenue of $878M and EBITDA of $55.6M.
Fsn E-Commerce Ventures Ltd expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See Fsn E-Commerce Ventures Ltd valuation multiples based on analyst estimates| NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|
| Revenue | XXX | $878M | XXX | XXX | XXX |
| Gross Profit | XXX | $371M | XXX | XXX | XXX |
| Gross Margin | XXX | 42% | XXX | XXX | XXX |
| EBITDA | XXX | $55.6M | XXX | XXX | XXX |
| EBITDA Margin | XXX | 6% | XXX | XXX | XXX |
| EBIT | XXX | $23.6M | XXX | XXX | XXX |
| EBIT Margin | XXX | 3% | XXX | XXX | XXX |
| Net Profit | XXX | $7.4M | XXX | XXX | XXX |
| Net Margin | XXX | 1% | XXX | XXX | XXX |
| Net Debt | XXX | $93.2M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Fsn E-Commerce Ventures Ltd has current market cap of INR 758B (or $8.4B), and EV of INR 766B (or $8.5B).
As of January 5, 2026, Fsn E-Commerce Ventures Ltd's stock price is INR 265 (or $3).
See Fsn E-Commerce Ventures Ltd trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.5B | $8.4B | XXX | XXX | XXX | XXX | n/a |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialFsn E-Commerce Ventures Ltd's trades at 9.7x EV/Revenue multiple, and 153.6x EV/EBITDA.
See valuation multiples for Fsn E-Commerce Ventures Ltd and 15K+ public compsAs of January 5, 2026, Fsn E-Commerce Ventures Ltd has market cap of $8.4B and EV of $8.5B.
Equity research analysts estimate Fsn E-Commerce Ventures Ltd's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Fsn E-Commerce Ventures Ltd's P/E ratio is not available.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8.4B | XXX | $8.4B | XXX | XXX | XXX |
| EV (current) | $8.5B | XXX | $8.5B | XXX | XXX | XXX |
| EV/Revenue | n/a | XXX | 9.7x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | 153.6x | XXX | XXX | XXX |
| EV/EBIT | n/a | XXX | 361.6x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | n/a | XXX | 1146.5x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 225.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialFsn E-Commerce Ventures Ltd's revenue per employee in the last FY averaged $1.8M, while opex per employee averaged $0.7M for the same period.
Fsn E-Commerce Ventures Ltd's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Fsn E-Commerce Ventures Ltd's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Fsn E-Commerce Ventures Ltd and other 15K+ public comps| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.8M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 20% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 40% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Brillia Inc | XXX | XXX | XXX | XXX | XXX | XXX |
| Adore Beauty | XXX | XXX | XXX | XXX | XXX | XXX |
| Cash Converters Intl | XXX | XXX | XXX | XXX | XXX | XXX |
| Kogan.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Temple & Webster | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Fsn E-Commerce Ventures Ltd acquired XXX companies to date.
Last acquisition by Fsn E-Commerce Ventures Ltd was XXXXXXXX, XXXXX XXXXX XXXXXX . Fsn E-Commerce Ventures Ltd acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 65K+ M&A deals.
Start Free Trial| When was Fsn E-Commerce Ventures Ltd founded? | Fsn E-Commerce Ventures Ltd was founded in 2012. |
| Where is Fsn E-Commerce Ventures Ltd headquartered? | Fsn E-Commerce Ventures Ltd is headquartered in India. |
| How many employees does Fsn E-Commerce Ventures Ltd have? | As of today, Fsn E-Commerce Ventures Ltd has 491 employees. |
| Who is the CEO of Fsn E-Commerce Ventures Ltd? | Fsn E-Commerce Ventures Ltd's CEO is Ms. Falguni Sanjay Nayar. |
| Is Fsn E-Commerce Ventures Ltd publicy listed? | Yes, Fsn E-Commerce Ventures Ltd is a public company listed on NSE. |
| What is the stock symbol of Fsn E-Commerce Ventures Ltd? | Fsn E-Commerce Ventures Ltd trades under NYKAA ticker. |
| When did Fsn E-Commerce Ventures Ltd go public? | Fsn E-Commerce Ventures Ltd went public in 2021. |
| Who are competitors of Fsn E-Commerce Ventures Ltd? | Similar companies to Fsn E-Commerce Ventures Ltd include e.g. Brillia Inc, Adore Beauty, Cash Converters Intl, Kogan.com. |
| What is the current market cap of Fsn E-Commerce Ventures Ltd? | Fsn E-Commerce Ventures Ltd's current market cap is $8.4B |
| Is Fsn E-Commerce Ventures Ltd profitable? | Yes, Fsn E-Commerce Ventures Ltd is EBITDA-positive (as of the last 12 months). |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.