Nykaa's parent firm FSN E-Commerce Ventures Ltd.'s net profit grew 51.7% in the third quarter of the financial year but missed analysts' estimates.
The company recorded a consolidated net profit of Rs 26.4 crore in the quarter ended Dec. 31, 2024, compared to Rs 17.4 crore in the same period of last fiscal, according to an exchange filing on Monday. This compares to the consensus estimate of Rs 36 crore of analysts tracked by Bloomberg.
The company's revenue soared to Rs 2,267.21 crore, denoting a 26.7% rise for the October-December period as against Rs 1,788.8 crore in the year-ago quarter.
The Mumbai based firm's earnings before interest, tax, depreciation and amonatisation rose by 41.3% to Rs 140.73 crore for the quarter under review from Rs 99.59 crore in the corresponding period of the last fiscal. The margins expanded to 6.2% from 5.56%.
Nykaa Q3FY25 Results Highlights (Consolidated, YoY)
Revenue up 26.7% at Rs 2,267.21 crore versus Rs 1,788.8 crore. (Bloomberg estimate: Rs 2,271 crore)
Ebitda up 41.3% at Rs 140.73 crore versus Rs 99.59 crore. (Estimate: Rs 140 crore)
Margin at 6.2% versus 5.56%. (Estimate: 6.2%).
Net profit up 51.7% at Rs 26.4 crore versus Rs 17.4 crore. (Estimate: Rs 36 crore).
Nykaa opened 12 stores in the December quarter, spread across cities like Agartala, Mohali and Belgaum. The company's overall store count at the end of 2024 stood at 221.
Shares of FSN E-Commerce Ventures closed 2.25% lower at Rs 169.6 apiece on the NSE, compared to a 0.76% fall in the benchmark Nifty 50. The stock has risen by 16.33% in the last 12 months.
Out of 24 analysts tracking the company, 15 maintain a 'buy' rating on the stock, three recommend 'hold' and six suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 11.3%.
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