Shares of FSN E-Commerce Ventures Ltd, which operates Nykaa, jumped as high as 5.8% to INR 197.35 in the intraday trading session on the BSE today
As of 11.57 AM, the stock was up about 2% to INR 190.35 in the intraday morning trade on the BSE
Earlier last week, stock of the beauty and fashion ecommerce major slumped as much as 8.1% to INR 183.65 in early trading on August 5
Shares of FSN E-Commerce Ventures Ltd, which operates beauty and fashion ecommerce major Nykaa, jumped as high as 5.8% to INR 197.35 in the intraday trading session on the BSE today (August 14).
As of 11.57 AM, the stock was up about 2% to INR 190.35 in the intraday morning trade on the BSE.
Ahead of Nykaa’s first quarter earnings announcement on Tuesday (August 13), its shares fell by 4% to close at INR 186.6 on the BSE.
Earlier last week, stock of the beauty and fashion ecommerce major slumped as much as 8.1% to INR 183.65 in early trading on August 5.
The beauty and fashion ecommerce major reported its first quarter results yesterday, with its consolidated net profit jumping nearly 152% to INR 13.6 Cr in the June quarter of the financial year 2024-25 (FY25) from INR 5.4 Cr, a year ago.
Meanwhile, its operating revenue came in line with its forecast, with a 22.8% spike to INR 1,746.1 Cr in the reported quarter from INR 1,421.8 Cr in Q1 FY24.
During the company’s post results conference call, Falguni Nayar, managing director and chief executive at Nykaa
credited the improvement in the bottom line to restructuring and various such measures taken in the recent past.
Additionally, Nykaa acquired an additional stake in beauty brand Earth Rhythm for INR 44.5 Cr, which is expected to be completed by September 2025.
Meanwhile, the online cosmetics retailer also said that it is acquiring an additional 39% stake in its subsidiary Dot & Key for INR 265.3 Cr, which will result in Nykaa’s holding to 90% in the skincare solutions company.
