Nykaa’s parent company incorporates new wholly-owned subsidiary 'Nykaa Essentials'

FSN holds a 100% stake in Nykaa Essential, it said in a regulatory filing on March 11.

The e-commerce giant authorised share capital of ₹10 crore and paid-up share capital of ₹5 lakh for incorporating the subsidiary.

The new entity will operate under the beauty and personal care (BPC) segment, FSN said.

The main objective of the new subsidiary is to trade with all kinds of cosmetics, toiletries, beauty, personal care, health care, lifestyle, perfumery and other related products, it added.

Nykaa share past performance

Shares of Nykaa settled in the green at ₹165.79 apiece, advancing 2.04% on the National Stock Exchange (NSE) on Tuesday. However, the company announced the development post market hours.

The stock has gained 3.77% since last Monday i.e., March 3, and 4.40% over the month. It had surged 1.24% on a year-to-date basis.

FSN hit its 52-week high of ₹229.80 on August 23, 2024, and low of ₹145.30 on March 13, 2024.

The company has a total market capitalisation of ₹47,431.46 crore as of March 11, 2025, on the NSE.

About the company

Also known as Nykaa, FSN E-commerce Ventures Ltd is an electronic consumer technology company and the largest specialty beauty care platform and personal care platform in India in terms of the value of products sold.

In 2020, it became the first unicorn startup headed by a woman in India.