Latest news with #FSNE-commerce
&w=3840&q=100)
Business Standard
03-07-2025
- Business
- Business Standard
Nykaa shares slide 5% after multiple large trades; check likely seller here
Shares of FSN E-commerce -- the parent company of Nykaa -- slipped nearly 5 per cent in trade on Thursday after about 65.3 million shares changed hands in multiple block deals. The E-commerce firm's stock fell as much as 4.77 per cent during the day to ₹201.5 per share, the steepest intraday fall since June 2 this year. The stock pared some losses to trade 4.1 per cent lower at ₹202.5 apiece, compared to a 0.23 per cent advance in Nifty 50 as of 9:45 AM. Shares of the company are up over 5 per cent from its recent lows of ₹192, which it hit last month, and have recovered over 25 per cent from April lows. The counter has risen 24 per cent this year, compared to a 7.6 per cent advance in the benchmark Nifty 50. FSN E-commerce has a total market capitalisation of ₹57,980.34 crore, according to BSE data. Track LIVE Stock Market Updates Here Nykaa block deal The shares took a plunge after about 65.3 million shares, or a 2.3 per cent stake, changed hands in three block trades during market opening, according to Bloomberg. The buyers and sellers were not known immediately. However, the news agency earlier reported that Harindarpal Singh Banga and Indra Banga are offering to raise up to ₹1,200 crore via a sale of shares. The floor price for the transaction was set at ₹200 per share, a discount of ₹11 compared with Wednesday's close on NSE. Goldman Sachs and JP Morgan are managing the deal, the report added. Harindarpal Singh Banga had about 4.97 per cent stake in the company as of the March 2025 quarter, according to BSE data. The stock of Nykaa was the most-traded stock by volume and value, according to Bloomberg. It was the worst performer on the S&P BSE 500, Nifty Midcap 100 indexes. The trading volume was above 7.8 times the three-month full-day average. Nykaa Q4 results The online beauty retailer released its Q4 results on Friday, after market hours. In its fourth quarter ended March 31, 2025, the company reported a 193 per cent rise in consolidated net profit at ₹20.28 crore for Q4FY25, compared to ₹6.93 crore in the year-ago period. Its revenue from operations also jumped 23.6 per cent year-on-year (Y-o-Y) to ₹2,062 crore in Q4FY25, from ₹1,668 crore in Q4FY24. Nykaa's earnings before interest, taxes, depreciation, and amortisation (Ebitda) for the quarter expanded 43 per cent YoY to ₹133 crore. The company's gross merchandise value (GMV) also increased 27 per cent YoY to ₹4,102 crore in Q4FY25.
Time of India
02-06-2025
- Business
- Time of India
Nykaa shares drop despite strong Q4 performance
Nykaa parent FSN E-commerce saw shares decline in early trade as Indian market opened with losses on Monday. The counter opened 2 per cent lower at Rs 199 against the previous closing of Rs 203.26 on the BSE. It was trading at Rs 201.26 as of 9:53 am. The beauty and fashion retailer posted strong March quarter numbers last Friday, with nearly doubling to Rs 19 crore. The Mumbai-based company's operating revenue rose 23.6 per cent year-on-year to Rs 2,016.7 crore for the fourth quarter, up from Rs 1,667.9 crore, driven by customer acquisition, brand partnerships, and network expansion. The performance was in line with the company's guidance issued in April, when it projected consolidated net revenue growth in the low to mid-20 per cent range for the March quarter. However, on a sequential basis, Nykaa's Q4 profit declined 29.3 per cent from Rs 26.9 crore reported in the previous quarter. Nykaa's beauty vertical, which contributes over 90 per cent of the company's total revenue, posted a 24.7 per cent YoY increase to Rs 1,895 crore from Rs 1,519 crore. The fashion segment saw muted growth, rising 11 per cent to Rs 161 crore from Rs 145 crore, with gross merchandise value (GMV) growing 18 per cent year-on-year. For the full fiscal year, Nykaa reported a consolidated gross merchandise value (GMV) – total value of goods sold across its platforms – of Rs 15,604 crore, a 25 per cent increase from the previous year. Nykaa currently serves 42 million customers and operates 237 offline stores across India, offering products from over 8,600 brands. In FY25 alone, the company added around 50 stores — its highest annual addition to date. "While BPC segment continues to deliver healthy growth with better profitability, revival in fashion business remains a key monitorable, given the heightened competitive intensity across the industry," said brokerages house Nuvama in a note on Monday. Nuvama analysts continue to expect improvement in profitability on the back of lower losses in fashion and eB2B segment.
Economic Times
02-06-2025
- Business
- Economic Times
Nykaa shares drop despite strong Q4 performance
Nykaa parent FSN E-commerce saw shares decline in early trade as Indian market opened with losses on Monday. The counter opened 2% lower at Rs 199 against the previous closing of Rs 203.26 on the BSE. It was trading at Rs 201.26 as of 9:53 am. The beauty and fashion retailer posted strong March quarter numbers last Friday, with nearly doubling to Rs 19 crore. The Mumbai-based company's operating revenue rose 23.6% year-on-year to Rs 2,016.7 crore for the fourth quarter, up from Rs 1,667.9 crore, driven by customer acquisition, brand partnerships, and network expansion. The performance was in line with the company's guidance issued in April, when it projected consolidated net revenue growth in the low to mid-20% range for the March on a sequential basis, Nykaa's Q4 profit declined 29.3% from Rs 26.9 crore reported in the previous quarter. Nykaa's beauty vertical, which contributes over 90% of the company's total revenue, posted a 24.7% YoY increase to Rs 1,895 crore from Rs 1,519 crore. The fashion segment saw muted growth, rising 11% to Rs 161 crore from Rs 145 crore, with gross merchandise value (GMV) growing 18% year-on-year. For the full fiscal year, Nykaa reported a consolidated gross merchandise value (GMV) – total value of goods sold across its platforms – of Rs 15,604 crore, a 25% increase from the previous year. Nykaa currently serves 42 million customers and operates 237 offline stores across India, offering products from over 8,600 brands. In FY25 alone, the company added around 50 stores — its highest annual addition to date."While BPC segment continues to deliver healthy growth with better profitability, revival in fashion business remains a key monitorable, given the heightened competitive intensity across the industry," said brokerages house Nuvama in a note on Monday. Nuvama analysts continue to expect improvement in profitability on the back of lower losses in fashion and eB2B segment.
Time of India
02-06-2025
- Business
- Time of India
Nykaa shares drop despite strong Q4 performance
Nykaa parent FSN E-commerce saw shares decline in early trade as Indian market opened with losses on Monday. The counter opened 2% lower at Rs 199 against the previous closing of Rs 203.26 on the BSE. It was trading at Rs 201.26 as of 9:53 am. The beauty and fashion retailer posted strong March quarter numbers last Friday, with nearly doubling to Rs 19 crore. The Mumbai-based company's operating revenue rose 23.6% year-on-year to Rs 2,016.7 crore for the fourth quarter, up from Rs 1,667.9 crore, driven by customer acquisition, brand partnerships, and network expansion. The performance was in line with the company's guidance issued in April, when it projected consolidated net revenue growth in the low to mid-20% range for the March quarter. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: 1 simple trick to get all TV channels Techno Mag Learn More However, on a sequential basis, Nykaa's Q4 profit declined 29.3% from Rs 26.9 crore reported in the previous quarter. Nykaa's beauty vertical, which contributes over 90% of the company's total revenue, posted a 24.7% YoY increase to Rs 1,895 crore from Rs 1,519 crore. The fashion segment saw muted growth, rising 11% to Rs 161 crore from Rs 145 crore, with gross merchandise value (GMV) growing 18% year-on-year. Live Events For the full fiscal year, Nykaa reported a consolidated gross merchandise value (GMV) – total value of goods sold across its platforms – of Rs 15,604 crore, a 25% increase from the previous year. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Nykaa currently serves 42 million customers and operates 237 offline stores across India, offering products from over 8,600 brands. In FY25 alone, the company added around 50 stores — its highest annual addition to date. "While BPC segment continues to deliver healthy growth with better profitability, revival in fashion business remains a key monitorable, given the heightened competitive intensity across the industry," said brokerages house Nuvama in a note on Monday. Nuvama analysts continue to expect improvement in profitability on the back of lower losses in fashion and eB2B segment.
