FSN E-Commerce Ventures Limited (Nykaa) has approved the acquisition of an 82% equity stake in Simply Nam Beauty Private Limited for a consideration of up to ₹33 crore. The transaction, expected to be completed by December 31, 2026, aims to enhance Nykaa’s presence in the premium makeup category, leveraging Simply Nam’s established brand and customer insights, particularly in the beauty and personal care segment.
Nykaa Acquires Significant Stake in Simply Nam Beauty
FSN E-Commerce Ventures Limited, operating as Nykaa, announced today the approval of an acquisition that will see the company secure an 82% equity stake in Simply Nam Beauty Private Limited. The transaction’s total consideration is capped at ₹33 crore and is expected to be settled in cash. This strategic move is anticipated to be completed by December 31, 2026, subject to the satisfaction of closing conditions.
Strategic Rationale for Acquisition
Simply Nam Beauty Private Limited, established in July 2022, operates in the makeup category, focusing on marketing and sales of cosmetics. The acquisition is strategically aligned with Nykaa’s goal to expand its premium offerings, particularly in the makeup segment, which is experiencing growth and a demand for artist-led brands. Simply Nam, led by celebrity makeup artist Namrata Soni, is noted for its strong customer insights, formulations tailored for Indian skin, and its educational content-driven brand approach.
Financial and Operational Details
The turnover of Simply Nam Beauty Private Limited for the financial year FY 2025-26 was reported at ₹16.99 crore. This acquisition is not considered a related party transaction, and none of the promoter, promoter group, or group companies have any interest in the entity being acquired. The transaction is being conducted on an arm’s length basis.
Unaudited Financial Results
The Board of Directors also approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The company reported consolidated revenue from operations of ₹3,006.04 crore for the quarter and ₹5,788.04 crore for the half year ended September 30, 2026.
Source: BSE
