Nykaa shares drop despite strong Q4 performance
Nykaa
parent
FSN E-commerce
saw shares decline in early trade as Indian market opened with losses on Monday. The counter opened 2 per cent lower at Rs 199 against the previous closing of Rs 203.26 on the BSE. It was trading at Rs 201.26 as of 9:53 am.
The beauty and fashion retailer posted strong March quarter numbers last Friday, with nearly doubling to Rs 19 crore. The Mumbai-based company's operating revenue rose 23.6 per cent year-on-year to Rs 2,016.7 crore for the fourth quarter, up from Rs 1,667.9 crore, driven by customer acquisition, brand partnerships, and network expansion.
The performance was in line with the company's guidance issued in April, when it projected consolidated net revenue growth in the low to mid-20 per cent range for the March quarter.
However, on a sequential basis, Nykaa's Q4 profit declined 29.3 per cent from Rs 26.9 crore reported in the previous quarter.
Nykaa's beauty vertical, which contributes over 90 per cent of the company's total revenue, posted a 24.7 per cent YoY increase to Rs 1,895 crore from Rs 1,519 crore. The fashion segment saw muted growth, rising 11 per cent to Rs 161 crore from Rs 145 crore, with
gross merchandise value
(GMV) growing 18 per cent year-on-year.
For the full fiscal year, Nykaa reported a consolidated gross merchandise value (GMV) – total value of goods sold across its platforms – of Rs 15,604 crore, a 25 per cent increase from the previous year.
Nykaa currently serves 42 million customers and operates 237 offline stores across India, offering products from over 8,600 brands. In FY25 alone, the company added around 50 stores — its highest annual addition to date.
"While BPC segment continues to deliver healthy growth with better profitability, revival in fashion business remains a key monitorable, given the heightened competitive intensity across the industry," said brokerages house Nuvama in a note on Monday.
Nuvama analysts continue to expect improvement in profitability on the back of lower losses in fashion and eB2B segment.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
22 minutes ago
- NDTV
Viral Post Claims Mumbai Auto Driver Earns Rs 5-8 Lakh A Month Without Even Driving, Stuns Internet
A Mumbai auto-rickshaw driver's extraordinary business venture has gone viral on LinkedIn, leaving many in awe. By leveraging his strategic location outside the US Consulate, he's reportedly earning Rs 5-8 lakh per month, outpacing many high-earning professionals like IT directors and chartered accountants, all without driving his auto. Rahul Rupani, a product leader at Lenskart, highlighted the story of the autorickshaw driver who's built a thriving business without driving his vehicle. Notably, hundreds of visa applicants visit the US Consulate daily, only to find out that bags aren't allowed inside. With no official storage options nearby, they often face uncertainty and anxiety about where to leave their belongings. Seizing this opportunity, the autorickshaw driver started a paid bag storage service. He caters to around 20-30 customers daily, earning Rs 20,000-30,000, which translates to a monthly income comparable to that of high-level corporate professionals. In a post on LinkedIn, Mr Rupai explained the auto driver's business model: "I was outside the US Consulate this week for my visa appointment, when security told me I couldn't carry my bag inside. No lockers. No suggestions. Just: "Figure it out." While I stood clueless on the footpath, an auto driver waved at me: "Sir, bag de do. Safe rakhunga, mera roz ka hai. ₹1,000 charge hai." I hesitated. Then gave in. And that's when I discovered this guy's brilliant business." See the post here: To accommodate the volume of bags, the autorickshaw driver has partnered with a local police officer who owns a nearby locker facility. The officer provides secure storage space, allowing the driver to safely store the bags, as his autorickshaw isn't equipped to hold them all. "And while most people are sweating over US visa interviews, this guy is running a zero-mile, hyper-profitable, bootstrapped operation. No MBA. No startup jargon. Just pure hustle and street-smart product-market fit," Mr Rupani wrote. He further called it "a masterclass in solving a hyper-specific pain point," admiring the driver's ability to build trust, ensure security, and charge a premium without relying on apps, funding, or formal business education. He praised the driver's resourcefulness, saying, "Real entrepreneurship doesn't always need a pitch deck. Sometimes it just needs a parking spot." NDTV is unable to confirm the authenticity of the post and the claims presented. While some users were impressed, others raised doubts and questions, seeking more information or clarification about the driver's business venture. One user wrote, "That's not his income alone. He has to share with multiple people, including the police. Otherwise, what stops other autowallahs from doing the same at a lower price? Also, I guess they don't know that there is s locker facility inside the consulate at a charge of 500."
Time of India
22 minutes ago
- Time of India
India now ranks third in building general dry cargo vessels for European short sea trade: Sarbananda Sonowal
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India now ranks 3rd in building general dry cargo vessels for the European short sea trade , Union Minister for Ports and Shipping Sarbananda Sonowal announced on Thursday, quoting private minister attributed this feat to Prime Minister Narendra Modi's "bold Maritime Amrit Kaal Vision 2047"."India's shipbuilding ambitions are no longer just on paper, they are taking shape in shipyards and recognised globally," the minister wrote on X, attaching an infographic of strategic reforms to skilling our workforce, every step taken by the Modi Govt is making Make in India, Make for the World a reality. Our rise proves, India means business and the world knows it," the minister supplemented in his X Maritime India Vision (MIV) 2030 provides a comprehensive framework for the holistic development of India's maritime sector, encompassing ports, shipping, and waterways. MIV 2030 outlines 150 initiatives aimed at propelling India to global maritime 10 interconnected themes such as port infrastructure development, enhancing logistics efficiency, improving Indian shipbuilding tonnage, increasing coastal and waterway traffic, fostering technology innovation and policy support, promoting sustainability and global collaboration, address every facet of the maritime ecosystem, ensuring a well-rounded approach to transforming India into a leading maritime status of MIV 2030 gets reflected through the progress made by the Indian Maritime sector over the past 3 years as outlined below:Major Port Capacity increased from 1598 MMTPA in Financial Year 2022 to 1630 MMTPA in Financial Year Vessel Turn Around Time (TAT) reduced from 53 hours in Financial Year 2022 to 48 hours in Financial Year Berth Day Output increased from 16,000 MT in Financial Year 2022 to 18,900 MT in Financial Year the past three years, there has been a 37% increase in the Capital Expenditure to Rs 7,571 crore in Financial Year 2024 (from Rs. 5527 crore in Financial Year 2022) by Ministry of Ports, Shipping and Waterways including a 54 per cent increase in Gross Budget Support (GBS) to Rs 1,687 crore in Financial Year 2024 (from Rs 1,099 crore in Financial Year 2022) which is primarily towards the achievements of goals and targets outlined under MIV the past 3 years, around 75 port development projects have been awarded in Major Ports which includes projects for enhancement of cargo handling capacity and operational efficiency.
&w=3840&q=100)
Business Standard
23 minutes ago
- Business Standard
Piyush Goyal calls Italian business enclaves in India to boost investment
Commerce and Industry Minister Piyush Goyal on Thursday proposed to develop an industrial conclave for Italian businesses in India to promote investments. Speaking here at India-Italy Business Forum meeting, he said Italian companies can consider setting up manufacturing units and offices in those enclaves. "I have a proposition for you. We can set up Italian enclaves where Italian businesses can set up shops... we can set up hotels, restaurants, healthcare for Italian people who would come to work there. It will be home away from home for them," Goyal said. These industrial parks can be set up in the proposed industrail corridors in different parts of the country. The minister is here on a two-day visit. He is meeting leaders and businesses to boost trade and investments between the two countries. India would invite Italian companies to certain locations in India such as Dighi near Mumbai and Sambhaji Nagar (Aurangabad) in Maharashtra to showcase potential locations for these enclaves. The government has announced to invest about Rs 28,000 crore to set up 12 industrial nodes, and build 100 industrial parks in the country. These industrial areas will be located at Khurpia in Uttarakhand, Rajpura-Patiala in Punjab, Dighi in Maharashtra, Palakkad in Kerala, Agra and Prayagraj in UP, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in Andhra Pradesh, and Jodhpur-Pali in Rajasthan.
