FSN E-Commerce Ventures, the parent company of Nykaa, posted a strong performance for Q3 FY25, with a significant 51% year-on-year increase in net profit and a solid growth in consolidated revenue. FSN E-Commerce Ventures share price traded 1.82% higher at ₹172.52 at 9:45 AM on the NSE.
FSN E-Commerce Ventures, the parent company of beauty and fashion brand Nykaa, reported a 51% year-on-year (YoY) increase in its net profit, reaching ₹26.4 crore for the third quarter ended December 31 (Q3 FY25), compared to ₹17.5 crore in the same period last year.
The company had posted a profit of ₹13 crore in the previous quarter, according to regulatory filings.
Nykaa’s consolidated revenue from operations grew by 27% YoY, reaching ₹2,267 crore, up from ₹1,789 crore a year ago and ₹1,875 crore in Q2 FY25. This revenue growth was in line with the company’s guidance, which expected growth to be “higher than mid-twenties” as per its quarterly revenue update on January 5.
The revenue boost was primarily driven by Nykaa’s core beauty segment, which saw accelerated growth compared to previous quarters. The company also anticipated a gross merchandise value (GMV) growth in the low thirties for this vertical, fuelled by strong momentum across various channels, including its e-commerce platform, retail stores, owned brands, and eB2B distribution.
FSN E-Commerce Ventures share price opened at ₹170.53, reaching a high of ₹174.52 and a low of ₹168.12. The share broke its three-session losing streak today, with the stock having dropped nearly 3% in the last three sessions.
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Published on: Feb 11, 2025, 9:53 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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