On Tuesday, November 12, 2024, Nykaa’s parent company, FSN E-Commerce Ventures, is scheduled to report its second quarter (Q2FY25) results. According to brokerages monitored by Business Standard, Nykaa’s revenue is expected to increase by 27.06 percent year-over-year (Y-o-Y) on average to Rs 1,914.86 crore from Rs 1,507 crore the previous year. Quarter-over-quarter (Q-o-Q) growth in revenue is projected to be 9.66%. The expansion of the Beauty and Personal Care (BPC) industry is probably what is causing the revenue increase.
Additionally, they anticipate that Nykaa’s profit after tax (PAT), or bottom line, will average Rs 26.4 crore for the quarter that ends on September 30, 2024, which is a 355.17 percent increase over Rs 5.8 crore in the same period last year. The PAT is anticipated to expand at an average rate of 175% per quarter.
Nykaa Share Price Performance
Nykaa’s parent company, FSN E-Commerce Ventures Ltd., saw a minor increase of 1.24% in its shares on November 12, which were trading at ₹185.11 on the NSE at 10:52 a.m. This encouraging development occurs as investors anticipate a sharp increase in both revenue and profit when Nykaa’s Q2 FY25 financial figures are released. Analysts predict that Nykaa’s beauty and personal care division would continue to develop, with revenue expected to rise 27.06% year over year to around ₹1,914.86 crore.
Additionally, this indicates a 9.66% sequential growth over the prior quarter. For Q2 FY25, Nykaa’s earnings after tax is predicted to soar to ₹26.4 crore, a 175% increase on a quarterly basis and a 355.17% increase over the ₹5.8 crore it made in the same quarter last year.
About the Company
A digital platform for consumer technology, FSN e-commerce Ventures Pvt. Ltd. provides a variety of lifestyle goods. Established in 2012, the company sells beauty, health, personal care, and fashion items through multiple channels. FSN e-commerce operates through two business verticals: Nykaa Fashion and Nykaa. The business also manufactures its own goods, which are marketed under its own names, including Kay Beauty, Nykaa Cosmetics, and Nykaa Naturals respectively. Under the name FSN e-commerce Ventures Private Limited, Nykaa has become a public company in advance of its initial public offering (IPO).
