Beauty EBITDA margin to sustainably improve
Management indicated that each of the four beauty sub-businesses (beauty.com, retail, own brands, B2B) can continue to improve profitability, though consolidated margin may fluctuate due to mix.
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FSN E-Commerce Ventures · forward-looking guidance across the available source record.
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What management said would happen.
margins
Fashion EBITDA loss to narrow further
Fashion EBITDA margin improved from -5.4% to -2% YoY; management expects continued improvement driven by scale and operating leverage.
Nika Now expansion to increase share of orders
Nika Now (quick commerce) will expand operational hours and marketing, aiming to increase its share of orders in live cities.
Nike partnership to contribute from Q4 FY26
The full-stack partnership to run Nike's D2C digital commerce in India launched post-quarter end and is expected to contribute to revenues and margins.