.Agent ImageFSN Shopping Ventures, which operates Nykaa label, on Tuesday reported a combined net income of Rs 13.64 crore for the one-fourth ended June 30, 2024 which was up by 152% from Rs 5.42 crore posted by the beauty & private treatment business in the year ago time period. The revenue coming from function for the disclosing one-fourth stood at Rs 1,746.11 crore, which was up through 23% from Rs 1,421.82 crore reported in the corresponding fourth of the previous monetary year.On the sequential manner, the revenue after tax (DAB) expanded by 50% over Rs 9.07 crore stated in Q4FY24 while the revenue coming from operations was much higher by 4.6% over 1,668 crore in the January-March quarter.The company's board of supervisors additionally approved further achievement of 39% stake in Dot & Trick Wellness Private Limited coming from the promoters/existing investors as per the pre-agreed terms in shareholder arrangements of September 19, 2021 as well as January 9, 2024, the business submitting said.The panel additionally accepted more investment in Earth Rhythm Private Limited via combo of key as well as subsequent, leading to Earth Rhythm becoming subsidiary of the company.The incomes were actually declared after market hours and the stock finished over 3% lesser at Rs 188 on the NSE today.The business mentioned costs at Rs 1 731.36 crore in the noted fourth which were up through 22% coming from Rs 1,418.83 crore posted by the business in the matching one-fourth of the last financial year.The gross merchandising value or GMV in the April-June fourth stood at Rs 3,321 crore, signing up a 25% YoY development. Business's Earnings Before Interest, Taxes, Loss Of Value and Amortisation (EBITDA) stood at Rs 96 crore which was a 31% YoY growth. EBITDA scope was up through 34 bps YoY to 5.5%. Its own beauty sector stated a 28% YoY enter its GMV at Rs 2,543 crore while fashion reported a 15% uptick in GMV at Rs 7,74 crore. Elegance section revenue shot up by 23% to Rs 1,594 crore while manner domain name mentioned 21% development at Rs 149 crore.Among other crucial takeaways, FSN Shopping stated cumulative customer bottom at 3.5 crore which was actually a 33% YoY development. It additionally incorporated more than 1,500 companies in a year, taking the total matter to 6,700+ global and also residential brands.Nykaa struck the 200-stores turning point in the course of the zone.
Posted On Aug 13, 2024 at 05:08 PM IST.
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