Stock Report

FSN E-Commerce Ventures Ltd - Nykaa - Quarterly Revenue Update - Q1 FY2025

Posted On : 2024-07-08 09:37:09( TIMEZONE : IST )

Nykaa - FSN E-Commerce Ventures Limited along with its subsidiaries, that is the Consolidated Entity expects its revenue growth to be around 22-23% YoY in Q1 FY2025. GMV (Gross Merchandise Value) growth for the quarter is expected to be in mid-twenties (on a YoY basis).

Beginning this quarter, we are commencing vertical-wise segmental reporting, according to the following definitions

- The Beauty segment comprises of online beauty platform Nykaa, beauty owned brands, physical stores, additionally including our eB2B distribution business 'Superstore by Nykaa', and the Nykaa Man BPC business.

- The Fashion segment consists of the Nykaa Fashion platform, and fashion owned brands, additionally including LBB, our content platform and the Nykaa Man lifestyle business.

Our Beauty vertical revenue growth for the quarter is expected to be around 22-23% YoY, similar to the consolidated entity's revenue growth. GMV growth is expected to be higher, in the high twenties YoY, in line with long-term BPC (Beauty & Personal Care) industry growth-trajectory. This is despite relatively slower growth in our physical retail business which was impacted by elections as well as heatwaves across North India.

The overall Fashion industry in India continues to face challenges with a muted demand environment. The growth was further impacted in this seasonally weak quarter due to limited weddings and festivities. Within this context, our Fashion vertical revenue is expected to deliver a healthy performance, with revenue growth of around twenty percent YoY. GMV growth for the quarter is expected to be lower at mid-teens YoY.

Shares of FSN E-Commerce Ventures Ltd was last trading in BSE at Rs. 171.10 as compared to the previous close of Rs. 175.10. The total number of shares traded during the day was 9557084 in over 14324 trades.

The stock hit an intraday high of Rs. 176.85 and intraday low of 170.00. The net turnover during the day was Rs. 1626668746.00.