Performance Evaluation of Women-led NSE Companies in India: An Analytical Study of Financial Dynamics and Investment Trends in Nykaa Ltd

Women-led enterprises have emerged as powerful contributors to India’s corporate landscape, particularly within the National Stock Exchange (NSE). Evaluating the performance of such companies is essential to understanding how women’s leadership influences financial growth, market stability, and investor confidence. This study focuses on analysing the financial dynamics and investment trends of Nykaa Ltd., one of India’s most prominent An Analytical Study of Financial Dynamics and Investment Trends in Nykaa Ltd., underscores the growing relevance of financial performance evaluation in India’s e-commerce sector. It reflects the need to understand how emerging digital platforms balance growth, profitability, and investor confidence in a competitive market. This study analyzes the financial performance of FSN E-Commerce Ventures Ltd. (Nykaa) over four financial years from FY 2021–22 to FY 2024–25 using a descriptive research approach based on secondary data. The analysis incorporates financial ratios, CAGR, trend analysis, and graphical representation to evaluate revenue growth, profitability, and operational efficiency. Findings reveal strong revenue and EBITDA growth, with CAGR of 28% and 36% respectively, reflecting effective market expansion and cost management. However, net profit margins remained thin, fluctuating between 0.40% and 1.10%, indicating vulnerability to cost pressures. Shareholding patterns highlighted steady promoter control with significant institutional investor growth, while retail participation declined. The study concludes that Nykaa demonstrates strong growth potential but must enhance profitability and risk management for long-term resilience.