Nike's parent company FSN E-Commerce Ventures reported strong results for the quarter ended September 2025. The company's gross merchandise value (GMV) grew 30% year-on-year to ₹4,744 crore, while revenue grew 25% to ₹2,346 crore. Net profit grew 154% to ₹33 crore, while EBITDA grew 53% to ₹159 crore, improving profitability.

Nike's beauty business continued to perform well, growing 28% to ₹3,551 crore. The company opened 19 new stores. The fashion segment also grew 37%, with global brands like GAP, Guess and H&M joining the platform.

Nykaa's total customer base in beauty and fashion has reached 49 million. Revenue rose 24% to ₹4,501 crore in the first half of FY26, while profit more than doubled to ₹57 crore. The company has expanded its rapid delivery service, Nykaa Now, to improve the convenience of its growing customer base.