Latest news with #FSNE-CommerceVentures
Mint
03-07-2025
- Business
- Mint
Stocks to watch: Nykaa, DMart, PVR Inox, Nestle India among shares in focus today
FSN E-Commerce Ventures, the parent company of Nykaa, is expected to see a secondary stake sale as early investor Harindarpal Singh Banga, along with Indra Banga, plans to sell shares worth up to ₹ 1,200 crore via a block deal. Indian Overseas Bank (IOB) announced that its shareholders have given the green light to a plan for raising up to ₹ 4,000 crore in equity capital through multiple channels, such as Qualified Institutional Placements (QIPs), rights issues, and employee stock schemes. India's top cinema exhibitor aims to invest up to ₹ 400 crore to expand its network by adding 200 new screens over the next two years. The company has been issued a show cause notice by the Central GST Commissionerate in Dehradun, citing alleged GST shortfalls related to a merged entity for the financial years 2018 to 2021. The company posted a record-high mined metal production of 265 kilo tonnes for the first quarter, marking a 1% year-on-year increase. Avenue Supermarts, the operator of the DMart retail chain, reported a 16% year-on-year increase in standalone revenue for the first quarter of FY26, reaching ₹ 15,932.12 crore. Punjab National Bank (PNB) delivered a stable operational performance in the June quarter of FY26, with its global business growing by 11.6% year-on-year to reach ₹ 27.19 lakh crore. RVNL has named Chandan Kumar Verma as its new Chief Financial Officer, with the appointment taking effect from July 2, 2025. Coromandel International has received approval from the Competition Commission of India (CCI) to acquire 10.69 crore shares, representing a 53.13% stake in NACL Industries. The company's planned demerger has encountered a regulatory setback, as the Ministry of Petroleum and Natural Gas raised objections during the NCLT hearing held on July 2.
Time of India
02-07-2025
- Business
- Time of India
Nykaa promoters to offload partial stake via Rs 1,200 crore block deal
FSN E-Commerce Ventures , the parent company of beauty and fashion e-retailer Nykaa , is set to witness a secondary stake sale as promoter Harindarpal Singh Banga, jointly with Indra Banga, gears up to offload shares worth up to Rs 1,200 crore through a block deal on Indian stock exchanges. According to deal terms, the offer size involves the sale of up to 60 million shares, representing 2.1% of the company's total shareholding. The offer floor price is pegged at Rs 200 per share — a discount of nearly 5.5% to Nykaa's last traded price of Rs 211.59 on July 2. The entire transaction is a 100% secondary sale and is being managed by global investment banks Goldman Sachs (India) Securities and JP Morgan India. No fresh equity is being issued, and the proceeds will entirely accrue to the selling shareholders. The trade is expected to be executed on July 3, with settlement on July 4, 2025. A lock-up period of 45 days has been imposed on the vendor and its affiliates, barring them from selling further shares during this period. While no official pricing guidance has been issued, investors are expected to indicate their bids based on demand across the price range. Final pricing will be discovered via the screen-based mechanism when the trade crosses the exchange. Live Events The books are slated to close by 7:30 am on July 3. Foreign portfolio investors (FPIs) may participate, but allocations will depend on available regulatory headroom under Indian laws. Also read: Sebi opens 6-month special window for investors to re-lodge rejected physical share transfer deeds The sale comes with standard selling restrictions, with participation barred for retail clients and distribution restricted in the US and Canada to specific institutional investors under applicable securities laws. Eligible buyers must also sign and return an investor representation letter to the placement agents. The move underscores strategic stake monetisation by Nykaa's key shareholders at a time when the company's stock has shown a mild recovery and institutional interest remains high in India's consumer-tech space.
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Business Standard
26-06-2025
- Business
- Business Standard
Nykaa eyes 3-4x growth in fashion, targets EBITDA breakeven by FY26
FSN E-Commerce Ventures, the parent company of beauty and personal care brand Nykaa, aims to grow its fashion business—Nykaa Fashion—by 3–4x over the next five years, with a profitability target of 10 per cent EBITDA margins. Nykaa is betting on improved margins on the back of strong repeat business along with growth in its own brands. Nykaa is expecting the fashion business to be EBITDA breakeven by FY26. For FY25, the EBITDA was a negative 8.3 per cent. The company outlined its future focus to analysts at its Annual Investors Day. It also announced that House of Nykaa, its brand business, is targeting a GMV of Rs 6,000 crore by FY30, growing at a compounded annual growth rate of 30 per cent. Nykaa also announced the launch of NykaaNow. The firm is aiming for order fulfilment in 30–120 minutes and is available in seven cities. At present, about 80 per cent of orders in the top 12 cities are fulfilled the same day or next day, whereas across 110 cities, 70 per cent of orders are fulfilled the same day or next day. The company said that its total GMV has grown at a compound annual growth rate (CAGR) of 42 per cent over the past five years, more than double the broader e-commerce market CAGR of around 18–20 per cent. Its customer base now exceeds 42 million, and its omnichannel network has expanded to 237 stores. Falguni Nayar, executive chairperson, founder and chief executive officer, Nykaa, said: 'Over the last five years, our beauty business has scaled 5x and fashion has grown 20x, outpacing the broader ecommerce growth. Even in a cautious macro, we've continued to grow with discipline and purpose. Beauty remains a powerhouse, our B2B play is scaling well, and we see recovering momentum in fashion.' Nykaa also said that premiumisation is accelerating, with Gen Z now accounting for 44 per cent of BPC spend. Global brands like CHANEL, Kérastase, YSL, NARS and Eucerin are scaling fast on Nykaa's platform, with many in the top 100, said the company.
Business Standard
02-06-2025
- Business
- Business Standard
Nykaa drops after Q4 PAT slumps 22% QoQ to Rs 20 cr
FSN E-Commerce Ventures (Nykaa) declined 3.64% to Rs 195.85 after the company's consolidated net profit fell 22.36% to Rs 20.28 crore on 9.06% fall in revenue from operations to Rs 2,061.76 crore in Q4 FY25 over Q3 FY25. On year on year (YoY) basis, the companys consolidated revenue and net profit jumped 23.6% and 192.6% in Q4 FY25. Profit before tax (PBT) stood at Rs 39.55 crore in Q4 FY25, rising 102.2% YoY while declining 11.24% QoQ. EBITDA stood at Rs 133 crore in Q4 FY25, recording the growth of 43% compared with Rs 93 crore in Q4 FY24. EBITDA margin improved 88 bps to 6.5% in Q4 FY25 as against 5.6% in Q4 FY24. Gross merchandise value (GMV) jumped 27% to Rs 4,102 crore in Q4 FY25 compared with Rs 3,217 crore in Q4 FY24. Revenue from beauty segment jumped 25% to Rs 1,895 crore in Q4 FY25, compared with Rs 1,519 crore posted in Q4 FY24, GMV stood at Rs 3,058 crore in Q4 FY25, up 31% YoY. In Q4 FY25, revenue from fashion segment stood at Rs 161 crore, up 11% compared with Rs 145 crore posted in same quarter last year. GMV jumped 18% YoY to Rs 1,037 crore in Q4 FY25. On full year basis, the companys consolidated net profit soared 104.8% to Rs 66.08 crore on 24.5% increase in revenue from operations to Rs 7,949.82 crore in FY25 over FY24. Meanwhile, the company announced the demerger of its eB2B business from FSN Distribution to Nykaa E-Retail, both wholly owned subsidiaries of FSN E-Commerce Ventures. The demerger was initially announced in February 2024 and received approval from the NCLT on 9 May 2025. This move consolidates Nykaas online beauty businesses under a single entity, creating a more agile and synergistic structure. It brings together businesses with shared physical and technological infrastructure, common brand partnerships, and overlapping product portfoliosunlocking significant operational and commercial benefits. This is a pivotal step in Nykaas strategy to strengthen its leadership across the entire addressable beauty market in India, spanning online, offline, and unorganized retail channels. Further, the company announced the merger of Iluminar Media (LBB) into Nykaa Fashion, both wholly owned subsidiaries of FSN E-Commerce Ventures. The merger proposal was announced during the companys Q4 FY2024 earnings call in May 2024 and received approval from the NCLT on 27 May 2025. FSN E-Commerce Ventures had acquired a 100% stake in LBB in August 2022. This integration consolidates Nykaas content creation and events businesses under a single entity. By incorporating LBBs content platform, Nykaa significantly enhances its 360-degree marketing engineempowering both the company and its brand partners across platforms. This strategic move reinforces the Groups commitment to delivering rich, content-led consumer experiences at every touchpoint. FSN E-Commerce Ventures (Nykaa) journey began in 2012 as a digital-first, consumer tech beauty company. It has expanded its offerings to include fashion and B2B, launching platforms such as Nykaa Fashion, Nykaa Man, and Nykaa Superstore.
Fashion Network
02-06-2025
- Business
- Fashion Network
Nykaa reports 110% profits increase to Rs 19 crore in FY25 Q4
Nykaa 's parent company FSN E-Commerce Ventures reported a 110% year-on-year increase in net profit to Rs 19 crore in the fourth quarter of the 2025 financial year. This was supported by improved margins, strong beauty vertical performance, and a continued shift toward owned and premium brands.
