Nykaa's Q1 margin is a letdown; fashion recovery is crucial
The eB2B business comprises SuperStore by Nykaa. In the earnings call, Nykaa indicated that it would take a few years for the eB2B business to turn profitable.14-08-2023
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FSN E-Commerce Ventures Ltd - 543384 - Statement Of Deviation/Variation In Utilisation Of Funds Raised Through Initial Public Offer (IPO)
Please find enclosed the Statement of NIL Deviation/variation in utilisation of funds raised through Initial Public Offer (IPO), for the quarter ended June 30, 2023.14-08-2023
FSN E-Commerce Ventures Ltd - 543384 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Please find enclosed the Monitoring Agency Report issued by ICICI Bank Limited (Monitoring Agency) for the quarter ended June 30, 202314-08-2023
FSN E-Commerce Ventures (Nykaa) Results Earnings Call for Q1FY24
Conference Call with FSN E-Commerce Ventures Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript. Management in attendance: Falguni Nayar12-08-2023
FSN E-Commerce Ventures Ltd - 543384 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed the copy of Newspaper Publications/Advertisements pertaining to the disclosure of Unaudited Consolidated Financial Results for the quarter ended June 30, 202312-08-2023
FSN E-Commerce Ventures Ltd - 543384 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Please find enclosed the link of audio/video recording of Analysts/Institutional Investor Meet/Conference Call with regard to Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 202312-08-2023
FSN E-Commerce Ventures Ltd - 543384 - Conclusion Of Board Meeting Dated August 11, 2023
Further to our intimation dated August 11, 2023 with respect to approval of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2023 by the Board in its meeting held today i.e., August 11, 2023, we wish to inform you that the said Board Meeting of the Company has been concluded at 05:58 p.m.11-08-2023
FSN E-Commerce Ventures Ltd - 543384 - Clarification On The Misreporting Of The Company'S Financial Results For The Quarter Ended June 30, 2023 In Certain Sections Of The Media
Please find enclosed the clarification on the misreporting of the Company''s financial results for the quarter ended June 30, 2023 in certain sections of the media11-08-2023
Q1FY24 Quarterly Result Announced for FSN E-Commerce Ventures Ltd.
Internet & Catalogue Retail company FSN E-Commerce Ventures announced consolidated Q1FY24 results: GMV grew 24% YoY to Rs 26,678 million in Q1FY24 Revenue from Operations grew 24% YoY to Rs 14,218 million in Q1FY24. EBITDA grew 60% YoY to Rs 735 million in Q1FY24. EBITDA margin was 5.2% in Q1FY24 vs 4.0% in Q1FY23, an expansion of 116 bps. Profit before Tax grew 17% YoY to Rs 97 million in Q1FY24 Net Profit for Q1FY24 grew 8% YoY to Rs 54 million. On the Q1FY24 performance, Falguni Nayar, Executive Chairperson, MD, and CEO, said, “Our beauty vertical continues to shape into an ecosystem of its own – with steady and balanced growth across our online platforms, physical footprint as well as our consumer brands. Fashion’s consumer brands also experienced steady growth with our labels now spanning across categories – western wear, Indian wear, lingerie, menswear, accessories, and much more. Nykaa Fashion’s growth in the quarter was much ahead of the industry growth but below its long-term trajectory. The Nykaa ethos to grow businesses and brands with passion, but also with discipline, is again visible in the way Superstore By Nykaa and our beauty brand Dot & Key have seen significant scale quickly – all while improving the underlying unit economics. Dot & Key has crossed an annualized GMV run rate milestone of 300 crores, growing five-fold in two years while achieving profitability, demonstrating the successful model of building value with the Nykaa playbook.” Result PDF11-08-2023