NYKAA

What FSN E-Commerce Ventures promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 12 tracked 3 delivered 1 missed 8 open
  • Fashion Segment EBITDA delivered said Q4 FY25 Promised: Breakeven of fashion by FY '26 Q1 FY27: Maintained profitability with 0.1% EBITDA margin in Q1 FY27, confirming the turnaround.
  • Dot & Key EBITDA Margin went quiet said Q1 FY26 Promised: Aiming for 20% (like FMCG brands) Q1 FY27: No specific update on Dot & Key's EBITDA margin provided for the second consecutive quarter.
  • Superstore eB2B EBITDA Margin on track said Q4 FY25 Promised: Invest for a few more years before it gets to profitability Q1 FY27: Superstore (eB2B) EBITDA margin improved by over 300 bps YoY.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 12 tracked commitments for FSN E-Commerce Ventures — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens