 "fsn e-commerce nykaa")
FSN E-Commerce Ventures, the operator of the Nykaa brand, on Tuesday reported a consolidated net profit of Rs 13.64 crore for the April-June quarter of the financial year 2024-25 (Q1FY25), marking a 152 per cent increase from Rs 5.42 crore in the same period last year (Q1FY24), the company said in a regulatory filing submitted to the stock exchanges.
Revenue from operations for the quarter was reported at Rs 1,746.11 crore, up 23 per cent from Rs 1,421.82 crore in the corresponding quarter of FY24.
On a sequential basis, the company recorded a revenue of Rs 1,668 crore and a profit of Rs 9 crore in Q4FY24.
On a sequential basis, the company recorded a revenue of Rs 1,668 crore and a profit of Rs 9 crore in Q4FY24.
The Falguni Nayar-led company reported a surge in earnings before interest, tax, depreciation, and amortisation (Ebitda) of over 30 per cent Y-o-Y in Q1 to Rs 96 crore compared to Rs 73 crore last year.
The company also informed the exchanges that it plans to buy an additional 39 per cent stake in Dot & Key Wellness for a total of Rs 265 crore, with the acquisition expected to be completed by September 30, 2024. The Company will have a 90 per cent equity interest in Dot & Key post this investment.
Shares of Nykaa ended 3.39 per cent lower at Rs 188 on Tuesday. The stock has risen over 9 per cent so far this year.
Shares of Nykaa ended 3.39 per cent lower at Rs 188 on Tuesday. The stock has risen over 9 per cent so far this year.
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