FSN E-Commerce Ventures (Nykaa) shares traded at ₹170.67, up 0.73 per cent on NSE at 11.35 AM on Tuesday, at the same time as its third-quarter internet revenue missed market expectations. Morgan Stanley maintained an ‘Obese’ ranking with a goal value of ₹200, whereas JM Monetary set the next goal of ₹240, citing the corporate’s robust efficiency in its magnificence and private care (BPC) phase.
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The wonder e-commerce platform reported a 51 per cent year-on-year rise in Q3 consolidated internet revenue to ₹26.41 crore, whereas income grew 26.7 per cent to ₹2,267.21 crore. The BPC phase contributed ₹2,060.01 crore to quarterly income, although the style vertical posted a lack of ₹25.41 crore amid weak demand.
EBITDA elevated 42 per cent to ₹140.8 crore, with working margin increasing 70 foundation factors to six.2 per cent. The corporate’s gross merchandise worth rose 25 per cent to ₹4,528 crore, pushed by a 32 per cent development in magnificence GMV to ₹3,390 crore. Order volumes grew 30 per cent, marking the best development in 9 quarters.
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Nykaa expanded its bodily presence to 221 shops throughout 73 cities, with retail area rising 31 per cent year-on-year to 2.1 lakh sq. ft. The corporate additionally elevated its stake in Earth Rhythm Non-public Restricted to 74.63 per cent with an extra funding of ₹39.50 crore in November 2024.
