FSN E-Commerce Ventures (Nykaa) has established a new wholly owned subsidiary, NykaaEssentials, with its registered office in Mumbai, Maharashtra.
The newly formed subsidiary aims to trade and distribute various products, including cosmetics, toiletries, beauty and personal care items, healthcare products, lifestyle essentials, perfumery, and other related goods.
Nykaa Essentials has been incorporated with an authorized share capital of ₹10 lakh and a paid-up share capital of ₹5 lakh. FSN E-Commerce Ventures holds full subsidiary ownership with a 100% stake.
This incorporation does not fall under related party transactions, and no promoters or entities from the promoter group hold any interest in the new subsidiary.
The announcement was made on March 11, 2025, after market hours.
Nykaa (FSN E-Commerce) is India’s lifestyle sector’s leading consumer technology platform. Since its inception, it has expanded its offerings with platforms such as NykaaFashion, Nykaa Man, and Superstore. Through its omnichannel e-commerce model, Nykaa provides access to over 6,000 brands via its website and mobile applications.
The company’s consolidated net profit surged 51.35% to ₹26.41 crore, driven by a 26.74% rise in revenue from operations, reaching ₹2,267.21 crore in Q3 FY25 compared to Q3 FY24.
Despite the strong financial performance, the stock declined 2.32%, trading at ₹162 on the BSE.
