FSN E-Commerce Establishes Nykaa Essentials to Strengthen Beauty Retail Presence

FSN E-Commerce Ventures Limited, the parent company of Nykaa, has announced the incorporation of a new wholly owned subsidiary, Nykaa Essentials Private Limited. The newly formed entity is registered in Mumbai, Maharashtra, and is set to expand Nykaa’s footprint in the beauty and personal care (BPC) segment.

Business Focus

Nykaa Essentials Private Limited will operate within the beauty and personal care retail business, covering both e-commerce and physical stores. The company will engage in trading and dealing in cosmetics, toiletries, beauty, personal care, healthcare, and lifestyle products, along with other related goods.

Ownership and Shareholding

As a wholly owned subsidiary, FSN E-Commerce Ventures Limited will hold 100% of the shares in Nykaa Essentials. The company has an authorized share capital of ₹10 crore, while the paid-up share capital is set at ₹5 lakh.

The incorporation of Nykaa Essentials does not fall under the category of Related Party Transactions, and no promoter or promoter group entity has any financial interest in this development.

Conclusion

With the launch of Nykaa Essentials Private Limited, Nykaa aims to strengthen its position in the BPC segment by enhancing its product offerings and retail presence. This strategic move aligns with the company’s vision of expanding its brand portfolio and capturing a larger share of India’s growing beauty market.

On March 12, 2025, Nykaa share price opened at ₹167.14, up from its previous close of ₹165.79. At 9:38 AM, the share price of Nykaa was trading at ₹163.86, down by 1.16% on the NSE.

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