Fashion business, margins are Nykaa’s weak spots even as beauty drives growth
23 hours, 10 minutes ago

Fashion business, margins are Nykaa’s weak spots even as beauty drives growth

Live Mint  

In its December quarter update, Nykaa's parent company, FSN E-Commerce Ventures Ltd said that its beauty and personal care segment remains the key growth driver, while muted demand in its fashion business continues to weigh on overall momentum. Nykaa projects BPC revenue growth to remain above the mid-20s, aligning with its strategy to outpace the online BPC market’s compound annual growth rate of 19-20%. “While growth seems to be on track, especially in BPC, the subdued consumption trend has led to higher marketing costs, thus impacting the segment’s margin performance," it said. Read this | Nykaa’s beauty business growth is a highlight, but margin is a sore spot Nykaa is aiming for Ebitda breakeven in its fashion segment within the next two years, which could boost overall margins.

Fashion Growth Margin Segment Ebitda Bpc Weak Spots Gmv Nykaa Revenue Trend  fashion  nykaas  drives  margin  yearonyear  bpc  business  beauty  revenue  trend  q3  segment  margins  weak  spots  growth

History of this topic

Nykaa share price zooms over 5%, touches 2-week high on healthy Q3FY25 update
3 days, 2 hours ago

Nykaa share price zooms over 5%, touches 2-week high on healthy Q3FY25 update

Live Mint  

FSN E-Commerce Ventures, the parent company of Nykaa, saw its shares surge by 5.3% in intraday trade on Monday, January 6 to a 2-week high of ₹176.60 per share. Q3 Business Update The company reported healthy performance in Q3 FY25 and expects consolidated net revenue growth to be higher than the mid-twenties. The company informed that its beauty vertical accelerated …

Nykaa Fashion CEO Nihir Parikh steps down with immediate effect
1 month ago

Nykaa Fashion CEO Nihir Parikh steps down with immediate effect

India Today  

Nykaa Fashion, a subsidiary of FSN E-Commerce Ventures, announced on Thursday that its CEO, Nihir Parikh, has resigned, citing personal commitments. “The company places on record its appreciation for the invaluable contribution provided by Mr. Nihir Parikh during his long association over the years,” the statement read. Nykaa Fashion represents less than 10% of FSN E-Commerce Ventures' overall revenue, with …

Nykaa’s beauty business growth is a highlight, but margin is a sore spot
1 month, 3 weeks ago

Nykaa’s beauty business growth is a highlight, but margin is a sore spot

Live Mint  

The September quarter results of FSN E-commerce Ventures Ltd, the parent of Nykaa, showcased robust growth in the beauty business, while fashion was sluggish—mirroring a trend seen in the previous few quarters. Beauty gross merchandise value growth was stellar at 29% with Hot Pink Sale attracting 23 million unique visitors over 10 days, pushing order volumes up 24%. Still, higher …

Stocks to Watch: Nykaa, Hyundai Motor, BSE, Zydus Lifesciences, Sunteck Realty, and more
1 month, 3 weeks ago

Stocks to Watch: Nykaa, Hyundai Motor, BSE, Zydus Lifesciences, Sunteck Realty, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Hyundai Motor India: The automaker reported a 16% decrease in consolidated net profit to ₹1,375.47 crore for Q2FY25, down from ₹1,628 crore a year earlier, due to weak local demand and global geopolitical challenges. Religare Enterprises: The company reported a consolidated net profit of ₹68.49 crore …

Nykaa’s faster deliveries won’t strain profits, says CEO Anchit Nayar after Q2 results
1 month, 3 weeks ago

Nykaa’s faster deliveries won’t strain profits, says CEO Anchit Nayar after Q2 results

Live Mint  

Beauty e-retailer Nykaa is pushing for faster order deliveries while sidestepping heavy capital outlays that could strain its bottom line, CEO Anchit Nayar told analysts Tuesday after the company’s Q2 earnings results. And this | India’s beauty brands battle hard in a crowded market “We are able to provide quick and timely delivery of a wide assortment of over 1,50,000 …

Nykaa Q2 Results: Net profit jumps 71.6% YoY to ₹10.04 crore
1 month, 3 weeks ago

Nykaa Q2 Results: Net profit jumps 71.6% YoY to ₹10.04 crore

Live Mint  

Nykaa Q2 Results: FSN E-Commerce Ventures, the operator of the Nykaa brand, announced on Tuesday a consolidated net profit of ₹10.04 crore for the quarter that concluded on September 30, 2024, marking an increase of 71.6% compared to ₹5.85 crore it recorded during the same quarter last year. The firm's consolidated revenue from operation for the quarter ended September stood …

Nykaa stock gains 9% on strong volumes, logs biggest intraday jump since November
5 months, 1 week ago

Nykaa stock gains 9% on strong volumes, logs biggest intraday jump since November

Live Mint  

FSN E-Commerce Ventures, the parent company of Nykaa, experienced a 10.5% increase in its shares during today's intraday trading, peaking at a new 52-week high of ₹202 per share. It projects revenue from its Beauty vertical, which accounts for the majority of the company's revenue, to grow around 22-23% YoY, similar to the consolidated entity's revenue growth. The company, which …

Nykaa's pink sale fails to lift the blues
1 year, 7 months ago

Nykaa's pink sale fails to lift the blues

Live Mint  

FSN E-Commerce Ventures Ltd, the parent company of Nykaa, has some bright spots in its March quarter results. This is the first time in the March quarter where Nykaa’s Ebitda margin has risen sequentially post a seasonally-best December quarter, said JM Financial Institutional Securities analysts in a 25 May report. Also, annual unique transacting customers saw an addition of 0.4 …

Nykaa: The competition is closing in
1 year, 8 months ago

Nykaa: The competition is closing in

Live Mint  

Bengaluru/New Delhi: Around May last year, there was growing buzz about Reliance Retail Ltd entering the beauty business. In a revenue update for the fourth quarter of 2022-23, Nykaa stated that while its beauty and personal care vertical witnessed strong demand, its business in the fashion category faced some impact due to the consumer pullback in discretionary spending. “Nykaa has …

Nykaa shares: Should you buy even as Q3 profit plunges 71%? What brokerages say
1 year, 10 months ago

Nykaa shares: Should you buy even as Q3 profit plunges 71%? What brokerages say

Live Mint  

Beauty and fashion firm FSN E-Commerce Ventures Ltd, parent of cosmetics-to-fashion retailer Nykaa, reported about 71% slump in the net profit for the third quarter ended December 2022 of the current fiscal at ₹8.4 crore as compared to ₹29 crore in the year ago quarter. “FSN E-Commerce Ventures reported a mixed bag—it met growth expectations, but margins undershot as gross …

Nykaa underperforms Zomato, Paytm in last 1 year! Is it still a good buy?
1 year, 11 months ago

Nykaa underperforms Zomato, Paytm in last 1 year! Is it still a good buy?

Live Mint  

E-commerce stock FSN ECommerce Ventures has underperformed its competitive stocks Zomato and Paytm i the last 1 year. It further predicted that its fair value estimates for Nykaa's fashion business at different revenue CAGR and operating profit margin assumptions range between Rs 14 and Rs 75. In the September quarter, Nykaa posted a 344 percent year-on-year jump in its September …

Why Nykaa’s fashion biz is a blemish for growth
2 years, 2 months ago

Why Nykaa’s fashion biz is a blemish for growth

Live Mint  

Expiry of the one-year lock-in period for pre-initial public offering investors has been an overhang for stocks of new-age companies. “Despite the fashion business being at an early stage, low single-digit quarter-on-quarter growth is a disappointment even while it reflects management focus on measured growth rather than adopting an aggressive stance of chasing growth at any cost,” said analysts at …

Nykaa Q2 Profit Skyrockets 333% on Festive Demand, Revenue Up 39%; Shares Surge
2 years, 2 months ago

Nykaa Q2 Profit Skyrockets 333% on Festive Demand, Revenue Up 39%; Shares Surge

News 18  

Nykaa Q2 Results: FSN E-Commerce Ventures Ltd, which runs online fashion retailer Nykaa, on Tuesday reported a 333 per cent jump in September-quarter net profit, boosted by strong demand for its products ahead of the festive season. The company has revised its record date for the purpose of determining members eligible for bonus equity shares to November 11, 2022. “We …

What’s adding sparkle to Nykaa shares
2 years, 5 months ago

What’s adding sparkle to Nykaa shares

Live Mint  

FSN E-Commerce Ventures Ltd, the parent company of Nykaa, is spreading its wings fast. Nykaa’s fashion business continued to make Ebitda losses, but its gross merchandise value, the value of orders, rose by 21% sequentially in Q1. “We believe growth on a smaller base in fashion is slower than anticipated as Nykaa Fashion is being strongly challenged by Myntra in …

Nykaa to now compete with Page Industries in men’s innerwear, shares surge
2 years, 6 months ago

Nykaa to now compete with Page Industries in men’s innerwear, shares surge

Live Mint  

Shares of Nykaa surged more than 4% to ₹1,455 apiece on the BSE in Thursday's early deals after the company said it has expanded into men’s innerwear and athleisure category with GLOOT. By expanding into the men's innerwear category, Nykaa will now compete with listed player Page Industries, which is involved in manufacturing and retailing innerwear, and has the exclusive …

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