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Nykaa Q1 Results: Shares Rise After 152% YoY Profit Jump

Nykaa Q1 Results: FSN E-Commerce Ventures saw a positive start on August 14 after a 152% YoY profit rise. Shares peaked at ₹197.45 but later fell to ₹188.38.

Shares of FSN E-Commerce Ventures, the owner of Nykaa, saw a positive start on Wednesday, August 14. This increase followed a significant 152% year-on-year rise in net profit for the first quarter of FY 24-25.

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The company reported a consolidated net profit of ₹13.64 crore for the April-June period, up from ₹5.42 crore a year earlier. This strong performance was announced after the market closed on Tuesday, August 13, 2024. 

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On Wednesday morning, Nykaa’s shares opened at ₹192 on the NSE, marking a 2.5% increase from the previous close. Shortly after trading began, the stock hit a high of ₹197.45, a 5.4% rise from the previous session. 

However, the gains were short-lived. By 9:28 am, the stock price had dropped to ₹188.38, reflecting a modest increase of just 0.6%. The initial surge quickly faded.

According to the June quarter results, Nykaa’s revenue from operations grew by about 23% year-on-year, reaching ₹1,746.11 crore, up from ₹1,421.82 crore. The beauty segment contributed significantly to this growth, with revenues increasing 23% to ₹1,593.51 crore.

The fashion segment also saw an improvement, with revenue rising 21% to ₹148.6 crore from ₹122.45 crore a year ago.

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