January 6, 2025
New Delhi, India
Nykaa Shares
Nykaa’s parent company, FSN E-Commerce Ventures, witnessed its shares jump over 5% on January 6, 2025, following a promising Q3 FY2025 business update. The company reported consolidated net revenue growth exceeding the mid-20% range, driven by strong performance across its beauty and fashion verticals.
Key Highlights
Robust Growth:
- Net Revenue Growth: Higher than mid-20% (above 25%, below 30%).
- Beauty Vertical: GMV growth in the low 30s, supported by e-commerce, retail stores, owned brands, and eB2B distribution.
- Fashion Vertical: Expected net revenue growth of ~20%, with NSV growth in low to mid-teens.
eB2B Expansion:
- “Superstore by Nykaa” now serves over 260,000 retailers across 1,100+ cities, contributing 8% of the beauty vertical’s GMV.
Market Impact
Following the announcement, Nykaa shares soared to an intraday high of ₹176.50 on the BSE, marking a 5.3% increase. Despite the recent surge, the stock has remained flat over the past year, underperforming the broader market.
Optimism Amid Challenges
Nykaa’s management acknowledged subdued demand in the online fashion segment but expressed optimism about long-term growth opportunities. With accelerated customer acquisition and diversification across revenue streams, the company remains well-positioned for sustained growth.
At the time of writingthis n ews, Nyka shares were trading 4% higher at RS. 175 a piece by 12:08 PM IST.
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