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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
LTM Revenue $1.0B
LTM EBITDA $67.4M
$7.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Nykaa has a last 12-month revenue (LTM) of $1.0B and a last 12-month EBITDA of $67.4M.
In the most recent fiscal year, Nykaa achieved revenue of $903M and an EBITDA of $57.2M.
Nykaa expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Nykaa valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $1.0B | XXX | $903M | XXX | XXX | XXX |
| Gross Profit | $445M | XXX | $382M | XXX | XXX | XXX |
| Gross Margin | 44% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $67.4M | XXX | $57.2M | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| EBIT | $34.9M | XXX | $24.3M | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Profit | $16.2M | XXX | $7.6M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 1% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $95.8M | XXX | XXX | XXX |
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As of August 29, 2025, Nykaa's stock price is INR 230 (or $3).
Nykaa has current market cap of INR 658B (or $7.5B), and EV of INR 669B (or $7.7B).
See Nykaa trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7.7B | $7.5B | XXX | XXX | XXX | XXX | $0.01 |
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Start Free TrialAs of August 29, 2025, Nykaa has market cap of $7.5B and EV of $7.7B.
Nykaa's trades at 8.9x EV/Revenue multiple, and 143.0x EV/EBITDA.
Equity research analysts estimate Nykaa's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nykaa has a P/E ratio of 466.8x.
See valuation multiples for Nykaa and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7.5B | XXX | $7.5B | XXX | XXX | XXX |
| EV (current) | $7.7B | XXX | $7.7B | XXX | XXX | XXX |
| EV/Revenue | 7.6x | XXX | 8.9x | XXX | XXX | XXX |
| EV/EBITDA | 113.7x | XXX | 143.0x | XXX | XXX | XXX |
| EV/EBIT | 219.4x | XXX | 352.7x | XXX | XXX | XXX |
| EV/Gross Profit | 17.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | 466.8x | XXX | 1142.3x | XXX | XXX | XXX |
| EV/FCF | 294.6x | XXX | 294.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNykaa's last 12 month revenue growth is 25%
Nykaa's revenue per employee in the last FY averaged $1.8M, while opex per employee averaged $0.7M for the same period.
Nykaa's rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nykaa's rule of X is 69% (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 Nykaa and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 25% | XXX | 26% | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | 49% | XXX | 45% | XXX | XXX | XXX |
| Rule of 40 | 31% | XXX | 31% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 69% | 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 |
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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 |
| Kogan.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Temple & Webster | XXX | XXX | XXX | XXX | XXX | XXX |
| BIKE24 | 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.
Nykaa acquired XXX companies to date.
Last acquisition by Nykaa was XXXXXXXX, XXXXX XXXXX XXXXXX . Nykaa 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 |
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Start Free Trial| When was Nykaa founded? | Nykaa was founded in 2012. |
| Where is Nykaa headquartered? | Nykaa is headquartered in India. |
| How many employees does Nykaa have? | As of today, Nykaa has 491 employees. |
| Who is the CEO of Nykaa? | Nykaa's CEO is Ms. Falguni Sanjay Nayar. |
| Is Nykaa publicy listed? | Yes, Nykaa is a public company listed on BOM. |
| What is the stock symbol of Nykaa? | Nykaa trades under 543384 ticker. |
| When did Nykaa go public? | Nykaa went public in 2021. |
| Who are competitors of Nykaa? | Similar companies to Nykaa include e.g. Brillia Inc, Adore Beauty, Kogan.com, Temple & Webster. |
| What is the current market cap of Nykaa? | Nykaa's current market cap is $7.5B |
| What is the current revenue of Nykaa? | Nykaa's last 12 months revenue is $1.0B. |
| What is the current revenue growth of Nykaa? | Nykaa revenue growth (NTM/LTM) is 25%. |
| What is the current EV/Revenue multiple of Nykaa? | Current revenue multiple of Nykaa is 7.6x. |
| Is Nykaa profitable? | Yes, Nykaa is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nykaa? | Nykaa's last 12 months EBITDA is $67.4M. |
| What is Nykaa's EBITDA margin? | Nykaa's last 12 months EBITDA margin is 7%. |
| What is the current EV/EBITDA multiple of Nykaa? | Current EBITDA multiple of Nykaa is 113.7x. |
| What is the current FCF of Nykaa? | Nykaa's last 12 months FCF is $26.0M. |
| What is Nykaa's FCF margin? | Nykaa's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Nykaa? | Current FCF multiple of Nykaa is 294.6x. |
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