Bengaluru, June 24 -- India's e-retail/e-commerce sector is set for explosive growth, projected to reach $120-$163 billion by FY26, driven by rising digital adoption and government support. With 300-350 million online shoppers expected by 2026, robust growth in digital payments and expansion beyond metros are fueling this rapid transformation of the retail landscape in India.

With a market capitalization of Rs 56,879.36 crore, the shares of FSN E-Commerce Ventures Ltd were trading at Rs 198.50 per share, decreasing around 2.58 percent as compared to the previous closing price of Rs 203.75 apiece.

FSN E-Commerce Ventures Ltd (Nykaa) trades at a steep P/E of 860, significantly above the industry average of 39.9, reflecting high investor e...