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FSN E-Commerce Ventures is currently trading at Rs. 134.40, up by 0.85 points or 0.64% from its previous closing of Rs. 133.55 on the BSE. The scrip opened at Rs. 135.00 and has touched a high and low of Rs. 135.50 and Rs. 133.75 respectively. So far 107381 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 235.30 on 03-Oct-2022 and a 52 week low of Rs. 114.30 on 26-Apr-2023. Last one week high and low of the scrip...
FSN E-Commerce Ventures gains on acquiring stake in FSN International
Nykaa hosted its 2023 Investor Day where the company enabled an opportunity for investors and analysts to interact with the senior management. The company used this event to elaborate on the ‘realistic’ TAM and consumer base potential for Nykaa, rationale for investments in technology, deep-dive on owned brands and strategic decision making in BPC, Fashion and Others segments. Though the management resisted from providing any forward guidance, we understand that Nykaa’s segm...
Buy FSN E-Commerce Ventures Ltd For Target Rs.210 - JM Financial
Nykaa reported sequential improvement in EBITDA margin for the first time in Q4, post the seasonally best Q3. This was driven by 36%YoY GMV growth with BPC/Fashion/Others growing at 29%/38%/170%, respectively. Consolidated GMV for Q4FY23 was at INR 24.4bn with INR 12.9bn in NSV and INR 13.0bn in revenue. As we highlighted in preview note, Gross Margin improved by 54 bps QoQ to 44.2% with Fashion reverting back to 76.5% GM after the unexpected dip in Q3FY23. On costs, company exercised tight c...
Buy FSN E-Commerce Ventures Ltd For Target Rs.210 - JM Financial
Focusing on profitable growth We note that management on the call emphasised on profitable growth. In the fashion segment, it endeavours to improve contribution margins materially. We think this should help allay investor concerns around cash burn. Contribution margin for the ‘Others’ segment also improved to -15.6% in Q4FY23 from -34.8% in Q4FY22, which we think is due to scale benefits (Superstore orders grew to 729k in FY23 up 15x from FY22) and should continue as ...
Buy FSN E-Commerce Ventures Ltd For Target Rs.165 - ICICI Securities
FSN E-Commerce Ventures is currently trading at Rs. 127.00, up by 1.95 points or 1.56% from its previous closing of Rs. 125.05 on the BSE. The scrip opened at Rs. 124.40 and has touched a high and low of Rs. 128.15 and Rs. 122.05 respectively. So far 1844140 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 257.66 on 01-Jun-2022 and a 52 week low of Rs. 114.30 on 26-Apr-2023. Last one week high and low of the scri...
FSN E-Commerce Ventures trades higher despite reporting 70% fall in Q4 consolidated net profit
India's FSN E-Commerce Ventures Ltd parent of cosmetics-to-fashion retailer Nykaa, reported an almost 50% rise in fourth-quarter profit before tax on Wednesday, helped by a sales campaign that convinced customers to buy despite inflationary pressures. Nykaa's consolidated profit before tax rose to 86.29 million rupees from 58.16 million rupees a year ago. The company's profit attributable to shareholders, however, fell 71.8%, as it had reported a ...
India's Nykaa posts near-50% rise in Q4 pre-tax profit on higher margins
FSN E-Commerce Ventures is currently trading at Rs. 143.10, down by 6.55 points or 4.38% from its previous closing of Rs. 149.65 on the BSE. The scrip opened at Rs. 143.05 and has touched a high and low of Rs. 146.75 and Rs. 141.45 respectively. So far 673055 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 315.86 on 11-Apr-2022 and a 52 week low of Rs. 120.75 on 23-Jan-2023. Last one week high and low of the scr...
FSN E-Commerce Ventures declines on reporting 71% fall in Q3 consolidated net profit
BENGALURU (Reuters) - Shares of India's FSN E-Commerce Ventures Ltd, the parent of cosmetics-to-fashion retailer Nykaa, fell as much as 5.4% on Tuesday after the company reported a 70.7% fall in third-quarter consolidated net profit due to higher costs. (Reporting by Ashna Teresa Britto in Bengaluru; Editing by Savio D'Souza)
India's Nykaa sinks 5.4% on Q3 profit slump
The share prices of electronic commerce player FSN E-Commerce Ventures Ltd tumbled down on Wednesday to a new low to close at Rs 129. The stock opened at Rs 133 on the BSE after closing at Rs 133.25 on Tuesday. The company's market capitalisation at the end of the day was Rs 36,756.90 crore. In the last five days, the company's scrip has come down drastically. Not long ago, the stock enjoyed a price of Rs 2,574. Company promoters - Falguni Nayar, along with family me...
FSN E-Commerce (Nykaa) share prices, shareholders' wealth tumbles
FSN E-Commerce Ventures is currently trading at Rs. 178.30, up by 2.30 points or 1.31% from its previous closing of Rs. 176.00 on the BSE. The scrip opened at Rs. 176.15 and has touched a high and low of Rs. 180.65 and Rs. 173.35 respectively. So far 283630 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 429.86 on 26-Nov-2021 and a 52 week low of Rs. 162.91 on 28-Oct-2022. Last one week high and low of the scrip...
FSN E-Commerce Ventures jumps on recording 75% growth in GMV on Day 1 of Pink Friday sale
With leading financial services company Paytm's shares plunging to an all-time low of Rs 477 on Tuesday, the grim performance of new-age internet companies continued in the public market amid the global macroeconomic conditions. In the last 16 months or so, five of such startup/unicorn's initial public offerings - Paytm, Zomato, Nykaa, Delhivery and Policybazaar - have gone through a bloodbath, shedding more than $18 billion in value. VC firm Lighthouse India Fund III has sold 3...
New-age Indian internet firms continue to bleed as startup IPO dream over
FSN E-Commerce Ventures Ltd, parent of Indian cosmetics-to-fashion retailer Nykaa, reported a more than three-fold surge in September-quarter net profit on Tuesday, boosted by strong demand for its products ahead of the festive season. Consolidated net profit stood at 41.08 million Indian rupees ($497,210.15) for the quarter ended Sept. 30, compared with 11.7 million rupees a year earlier. Revenue rose 39% to 12.31 billion rupees. ($1 = 82.6210 Indian rupees)
Indian beauty firm Nykaa September-quarter profit jumps on festive demand
From a 52-week high of Rs 2,574, the shares of cosmetics maker FSN E-Commerce Ventures Ltd (Nykaa) with a par value of Re 1 have come down to Rs 983.15 per share. In the process, the company's market capitalisation and shareholders - promoters as well as public - wealth went down to Rs 46,655.62 crore on Friday. The company promoters - Falguni Nayar along with family members and family trusts hold 52.38 per cent stake and the balance 47.62 per cent is held by public shareholders. ...
Drastic erosion in Nykaa share prices and shareholders' wealth
FSN E-Commerce Ventures is currently trading at Rs. 1299.10, up by 13.90 points or 1.08% from its previous closing of Rs. 1285.20 on the BSE. The scrip opened at Rs. 1295.25 and has touched a high and low of Rs. 1314.65 and Rs. 1290.20 respectively. So far 21419 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2574.00 on 26-Nov-2021 and a 52 week low of Rs. 1208.40 on 12-May-2022. Last one week high and low of th...
FSN E-Commerce Ventures trades higher on getting nod to enters into strategic alliance with Apparel Group
FSN E-Commerce Ventures is currently trading at Rs. 1431.55, up by 18.95 points or 1.34% from its previous closing of Rs. 1412.60 on the BSE. The scrip opened at Rs. 1456.00 and has touched a high and low of Rs. 1473.35 and Rs. 1425.00 respectively. So far 50375 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2574.00 on 26-Nov-2021 and a 52 week low of Rs. 1208.40 on 12-May-2022. Last one week high and low of th...
FSN E-Commerce Ventures moves up on getting nod to acquire 100% stake in Iluminar Media
BENGALURU (Reuters) - Indian cosmetics-to-fashion retailer Nykaa's parent company reported a 33.2% rise in first-quarter net profit on Friday, boosted by strong demand for its fashion products. The TGP-backed company, which dominates the domestic online beauty and personal care space with nearly 30% market share, has been on an acquisition spree and recently ventured into men's innerwear and athleisure category with a new brand. Nykaa in November 2021 made a strong market debut,...
Indian beauty firm Nykaa's profit jumps on strong fashion demand
FSN E-Commerce Ventures is currently trading at Rs. 1399.40, up by 2.80 points or 0.20% from its previous closing of Rs. 1396.60 on the BSE. The scrip opened at Rs. 1419.80 and has touched a high and low of Rs. 1419.80 and Rs. 1392.10 respectively. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2574.00 on 26-Nov-2021 and a 52 week low of Rs. 1208.40 on 12-May-2022. Last one week high and low of the scrip stood at Rs. 1486.50 and Rs. 1387.70 resp...
FSN E-Commerce Ventures inches up on incorporating Subsidiary Company
FSN E-Commerce Ventures (Nykaa) has entered into partnership with the Estee Lauder Companies (ELC) to launch BEAUTY&YOU India. Created by ELC’s New Incubation Ventures and launched in partnership with NYKAA, BEAUTY&YOU India looks to discover, spotlight, and propel the next generation of Indian beauty brands. The program will support India-focused companies and entrepreneurs through a competitive application process. BEAUTY&YOU aims to help founders, innovators, and creat...
FSN E-Commerce Ventures inks pact with Estee Lauder Companies
FSN E-Commerce Ventures is currently trading at Rs. 1456.25, up by 54.80 points or 3.91% from its previous closing of Rs. 1401.45 on the BSE. The scrip opened at Rs. 1435.00 and has touched a high and low of Rs. 1469.85 and Rs. 1424.35 respectively. So far 12508 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 2574.00 on 26-Nov-2021 and a 52 week low of Rs. 1208.40 on 12-May-2022. Last one week high and low of th...
FSN E-Commerce Ventures zooms on entering in men`s innerwear and athleisure category with `Gloot`
FSN E-Commerce Ventures is currently trading at Rs. 1429.50, up by 1.70 points or 0.12% from its previous closing of Rs. 1427.80 on the BSE. The scrip opened at Rs. 1440.00 and has touched a high and low of Rs. 1450.00 and Rs. 1420.30 respectively. So far 3398 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 2574.00 on 26-Nov-2021 and a 52 week low of Rs. 1208.40 on 12-May-2022. Last one week high and low of the ...
FSN E-Commerce Ventures inches up on roping in Bhumi Pednekar as brand ambassador for Nykd
Seasonality dents growth and bottom-line FSN E-Commerce Ventures (Nykaa) reported sequential revenue de-growth as well as decline in margins driven by 17% QoQ decline in BPC GMV. The company saw overall GMV growing by 49% YoY driven by 32%/88% YoY growth in BPC/Fashion with Others GMV (includes Nykaa Man, eB2B etc) growing 371% YoY to reach INR 1.8bn in FY22. The sharp uplift in gross margin to 46.3% in Q3FY22 proved temporary with Q4FY22 gross margin deteriorating to 43.7% due to lower mi...
Buy FSN E-Commerce Ventures Ltd For Target Rs.1,730 - JM Financial Services
FSN E-Commerce Ventures is currently trading at Rs. 1852.10, up by 57.05 points or 3.18% from its previous closing of Rs. 1795.05 on the BSE. The scrip opened at Rs. 1829.95 and has touched a high and low of Rs. 1869.55 and Rs. 1826.25 respectively. So far 2236 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 2574.00 on 26-Nov-2021 and a 52 week low of Rs. 1218.80 on 22-Feb-2022. Last one week high and low of the...
FSN E-Commerce Ventures shines on inking pact with Aveda
GMV growth sustained; margins bounce back FSN E-Commerce Ventures (Nykaa) demonstrated continued topline strength with GMV growing 49% YoY driven by 32%/137% YoY growth in BPC/Fashion. While the company saw a relatively lower GMV to Revenue conversion as Fashion segment continues to grow faster and accounts for higher share of GMV, there was a sharp uplift in gross margin to 46.3% in 3QFY22 driven by 1) higher mix of fashion, 2) higher mix of higher end products in BPC, and 3) increasing s...
Buy FSN E-Commerce Ventures Ltd For Target Rs.2,120 - JM Financial Services
FSN E-Commerce Ventures is currently trading at Rs. 1517.60, down by 125.20 points or 7.62% from its previous closing of Rs. 1642.80 on the BSE. The scrip opened at Rs. 1620.00 and has touched a high and low of Rs. 1620.00 and Rs. 1493.45 respectively. So far 45634 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 2574.00 on 26-Nov-2021 and a 52 week low of Rs. 1571.30 on 27-Jan-2022. Last one week high and low of...
FSN E-Commerce Ventures tumbles on the bourses
Nykaa is a unique player with PAT level profitability while logging a robust 48.2% FY19-21 CAGR. Going forward, we expect Nykaa to continue strengthening its market leadership in Beauty and Personal Care (BPC) while enhancing market share in the larger Fashion segment. With its focus on 3Cs – Content, Curation and Convenience, Nykaa has become the trusted platform for both customers as well as brands. As of Aug 31, FY21, Nykaa offered 3.1mn SKUs from 4,078 brands with cumulative transac...
Buy FSN E-Commerce Ventures Ltd For Target Rs.2,480 - JM Financial
FSN E-Commerce Ventures is currently trading at Rs. 2102.10, up by 16.05 points or 0.77% from its previous closing of Rs. 2086.05 on the BSE. The scrip opened at Rs. 2115.00 and has touched a high and low of Rs. 2129.00 and Rs. 2097.75 respectively. So far 12080 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 2574.00 on 26-Nov-2021 and a 52 week low of Rs. 1886.00 on 20-Dec-2021. Last one week high and low of th...
FSN E-Commerce Ventures surges on launching Luxe Store in Trivandrum
Bumper opening of lifestyle-focused consumer technologies platforms Nykaa's IPO has catapulted its promoters — the Nayar family — as one of India's richest self-made billionaires. At present, the promoter family holds around 53 per cent stake in firm FSN E-Commerce Ventures, which owns Nykaa. The stake at the opening price of Rs 2,001 per share was worth over $6.5 billion. Consequently, the promoter family joined the billionaires' ranks. The promoter family...
Bumper Opening: Nykaa's IPO makes subscribers rich, promoters richer
FSN E-Commerce Ventures (Nykaa) has debuted at Rs 2001 on the BSE, up by 876 points or 77.87% from its issue price of Rs 1125. The scrip is currently trading at Rs 2065.05, up by 940.05 points or 83.56% from its issue price. It has touched a high and low of Rs 2129 and Rs 2001 respectively. So far 8.37 lakh shares were traded on the counter. The offering, which was open for subscription between October 28, 2021 and November 2, 2021 was subscribed 81.78 times on the last day of subscript...
Nykaa lists with 78% premium on the BSE
BACKGROUND FSN E-Commerce Ventures (Nykaa) is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. It has a diverse portfolio of beauty, personal care and fashion products, including its owned brand products manufactured by it on contracts. Nykaa has established itself not only as a lifestyle retail platform, but also as a consumer brand. It offers consumers an Omnichannel experience with an endeavor to cater to the consumers&...
IPO Note - FSN E-Commerce Ventures Ltd (Nykaa) By Nirmal Bang
Nykaa is a consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care, and fashion products, including their own brand products manufactured by them. The company has an Omnichannel experience, online and offline with an endeavor to cater to the consumers’ preferences and convenience. The different consumer journeys exist in two business verticals, Nykaa- Beauty and personal care and Nykaa...
IPO Note - FSN E-Commerce Venture (Nykaa) By Angel One
Below is quote on FSN E-Commerce Ventures (Nykaa) IPO by Mr. Jyoti Roy - DVP- Equity Strategist, Angel One Ltd FSN E-Commerce Ventures (Nykaa) is coming out with an IPO of Rs. 5,184-5,352 crore at a price band of Rs. 1085-1125. The IPO will consist of an offer for sale of 41.97 crore shares and fresh issue of shares amounting to Rs 630 crores. The issue opens on 28th Oct 2021 and closes on 1st Nov 2021. Incorporated...
Quote on FSN E-Commerce Ventures (Nykaa) IPO by Mr. Jyoti Roy, Angel One Ltd
Company Background FSN E-Commerce Ventures Limited (“Nykaa”) was incorporated on April 24, 2012. Nykaa is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. They have a diverse portfolio of beauty, personal care and fashion products, including their owned brand products manufactured by them. Distribution Channels – Online: 88.2% of their online GMV came through mobile applications; Nykaa has have one ...
IPO Note - FSN E–Commerce Ventures Ltd (Nykaa) By GEPL Capital
FSN E-Commerce Ventures Ltd. About the Company Incorporated in 2012, FSN E-Commerce Ventures Ltd. (Nykaa) is a digitally native consumer technology platform, delivering a content-led, and lifestyle retail experience to consumers. It has a diverse portfolio of beauty, personal care and fashion products including its owned brand products manufactured by the company. Nykaa operates under two verticals – Nykaa: Beauty & Personal Care and Nykaa Fashion: Apparel & Accessories. I...
IPO Note - FSN E-Commerce Ventures Ltd By Religare Broking Ltd
Incorporated in 2012, Nykaa is a consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care, and fashion products, including their own brand products manufactured by them. The company operates under 2 major verticals: Nykaa: Beauty and personal care and Nykaa Fashion: Apparel and accessories. They have a diverse portfolio of beauty, personal care and fashion products, including their owned bran...
IPO Note - FSN E–Commerce Ventures Limited (Nykaa) By Swastika Investmart
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