Latest news with #E-CommerceVentures
India Today
03-07-2025
- Business
- India Today
Stocks to watch on July 3: Nykaa, RVNL, Nestle, Yes Bank, Dmart, PNB
Stock markets remained volatile and closed slightly lower on Tuesday, continuing their recent pattern of consolidation. Investors are now watching company announcements for the April–June quarter results, while developments related to a possible trade deal between India and the United States are also being closely companies are expected to remain in focus on Wednesday due to key updates and financial E-Commerce Ventures, the parent of Nykaa, is likely to see movement as early investor Harindarpal Singh Banga, along with Indra Banga, plans to sell shares worth up to Rs 1,200 crore through a block deal. The transaction is expected to be executed Oswal Financial ServicesThe company has achieved a key milestone with its Asset Management Company (AMC) crossing Rs 1.5 lakh crore in Assets Under Management, reflecting strong investor Vikas Nigam Limited (RVNL)The company has appointed Chandan Kumar Verma as its new Chief Financial Officer (CFO), effective July 2. He previously served as Executive Director – Finance at airline confirmed a minor incident where a cosmetic window frame on one of its Bombardier Q400 aircraft became loose during a flight and was later found dislodged. SpiceJet stated the issue did not affect passenger safety or the aircraft's structural (Avenue Supermarts)The retail chain reported a 16% year-on-year rise in standalone revenue for the first quarter of FY26. Total revenue stood at Rs 15,932.12 crore, showing steady growth in consumer IndiaThe company has added a new Maggi Noodles production line at its Sanand plant in Gujarat. This expansion was done with an investment of Rs 105 crore to meet growing consumer BankPankaj Sharma has resigned from the role of Chief Strategy and Transformation Officer, effective July 2. He has stepped down to explore other opportunities outside the Housing FinanceThe Board has proposed raising up to Rs 10,000 crore through non-convertible debentures (NCDs) on a private placement basis. This plan will be presented at the upcoming Annual General company received a Show Cause Notice from the Central GST Commissionerate, Dehradun, for alleged short payment of GST worth Rs 265.25 crore. The notice relates to the financial years 2018–19 to 2020–21 and involves Universal Comfort Products, which merged with Voltas in National Bank (PNB)The bank reported a 11.6% rise in global business, reaching Rs 27.19 lakh crore. Domestic business increased to Rs 26.17 lakh crore, up 11.1%. Global deposits grew 12.8% to Rs 15.89 lakh crore, while domestic deposits rose 12.2% to Rs 15.37 lakh crore. Global advances were up 9.9% to Rs 11.31 lakh crore and domestic advances increased 9.7% to Rs 10.80 lakh BankThe bank posted a 10.2% rise in total business for Q1, which stood at Rs 13.44 lakh crore. Deposits grew 9.3% to Rs 7.44 lakh crore and gross advances increased 11.3% to Rs 6 lakh crore.- Ends advertisement
Time of India
02-06-2025
- Business
- Time of India
Nykaa revenue rises 24% to over ₹2k cr in Q4, profit at ₹19cr
HighlightsFSN E-Commerce Ventures, operating as Nykaa, reported a 110% increase in net profit for the March quarter, reaching Rs 19 crore. For the fiscal year 2025, Nykaa achieved a 24% rise in revenue, totaling Rs 7,950 crore, alongside an impressive 81% increase in net profit to Rs 72 crore. The company's earnings before interest, taxes, depreciation, and amortization (Ebitda) margin improved to 6.5% in the March quarter, up from 5.6% in the previous year. FSN E-Commerce Ventures , known as Nykaa, announced a significant surge in its financial performance for the March quarter and fiscal year 2025, marked by a 110% increase in net profit for the quarter and a 24% rise in revenue, driven by margin improvements in its core beauty business and stronger results from its eB2B and retail operations. The company's Ebitda margin also saw improvement. Nykaa's net profit for the March quarter reached Rs 19 crore, a substantial increase from the previous year. Revenue for the same quarter climbed to Rs 2,062 crore, reflecting a 24% year-on-year growth. The company's Ebitda margin improved to 6.5%, compared to 5.6% in the previous year. For the entire fiscal year 2025, Nykaa's revenue increased by 24% to reach Rs 7,950 crore. Gross merchandise value (GMV) also experienced growth, rising by 25% to Rs 15,604 crore. Net profit for FY25 saw an impressive 81% increase, reaching Rs 72 crore.
