.Representative ImageFSN E-Commerce Ventures, which operates Nykaa brand, on Tuesday mentioned a consolidated net income of Rs 13.64 crore for the quarter finished June 30, 2024 which was up through 152% coming from Rs 5.42 crore reported by the elegance & individual treatment firm in the year ago duration. The revenue from function for the disclosing one-fourth stood at Rs 1,746.11 crore, which was actually up through 23% from Rs 1,421.82 crore reported in the equivalent fourth of the previous monetary year.On the consecutive manner, the earnings after tax obligation (PAT) grew through 50% over Rs 9.07 crore disclosed in Q4FY24 while the revenue from functions was actually higher through 4.6% over 1,668 crore in the January-March quarter.The firm's board of directors also approved additional acquisition of 39% stake in Dot & Key Well-being Private Limited from the promoters/existing shareholders as per the pre-agreed phrases in shareholder deals of September 19, 2021 and also January 9, 2024, the firm declaring said.The panel additionally approved further assets in Planet Rhythm Private Limited with combination of major as well as subsequent, causing The planet Rhythm coming to be subsidiary of the company.The profits were actually introduced after market hrs as well as the stock finished over 3% lower at Rs 188 on the NSE today.The business reported expenses at Rs 1 731.36 crore in the reported one-fourth which were up by 22% from Rs 1,418.83 crore posted by the firm in the corresponding quarter of the final financial year.The total merchandising worth or GMV in the April-June quarter stood up at Rs 3,321 crore, registering a 25% YoY growth. Provider's Revenues Just before Passion, Tax Obligations, Deflation and also Amortisation (EBITDA) stood at Rs 96 crore which was a 31% YoY development. EBITDA margin was up through 34 bps YoY to 5.5%. Its own charm section mentioned a 28% YoY enter its GMV at Rs 2,543 crore while style stated a 15% uptick in GMV at Rs 7,74 crore. Elegance section income shot up by 23% to Rs 1,594 crore while style domain name disclosed 21% development at Rs 149 crore.Among various other key takeaways, FSN Shopping mentioned cumulative consumer foundation at 3.5 crore which was actually a 33% YoY growth. It also incorporated more than 1,500 brand names in a year, taking the total count to 6,700+ global and also residential brands.Nykaa attacked the 200-stores turning point in the course of the area.
Posted On Aug thirteen, 2024 at 05:08 PM IST.
Participate in the community of 2M+ market professionals.Register for our bulletin to receive most up-to-date ideas & evaluation.
Install ETRetail App.Acquire Realtime updates.Save your favourite posts.
Browse to install Application.