- FSN E-Commerce Ventures Ltd reported Q1 net profit of Rs 24.47 crore, over double last year
- Q1 revenue rose 23.4% year-on-year to Rs 2,154.94 crore
- Ebitda increased 46% to Rs 140.68 crore with margin expanding to 6.5%
FSN E-Commerce Ventures Ltd., the operator of fashion e-retailer Nykaa, saw an over two-fold jump in its net profit in the first quarter of this financial year.
The company has posted a consolidated bottom-line of Rs 24.47 crore in the April-June period, as against Rs 13.64 crore in the same quarter last year, according to its stock exchange notification on Tuesday.
Revenue increased by 23.4% year-on-year to Rs 2,154.94 crore. Operating income, or earnings before interest, taxes, depreciation, and amortisation, rose 46% year-on-year to Rs 140.68 crore. The Ebitda margin expanded to 6.5%.
FSN E-Commerce Q1 Highlights (Consolidated, YoY)
Revenue up 23.4% to Rs 2,154.94 crore versus Rs 1,746.11 crore.
Net profit up 142% to Rs 23.32 crore versus Rs 9.64 crore.
Ebitda up 46% to Rs 140.68 crore versus Rs 96.12 crore.
Margin at 6.5% versus 5.5%.
The quarterly earnings were declared shared after the market hours. The stock settled 0.54% lower at Rs 204.64 apiece on the NSE, compared to a 0.40% decline in the benchmark Nifty 50.
Nykaa's shares have fallen 5.16% in the last 12 months and 24.96% year-to-date.
Out of 26 analysts tracking the company, 13 maintain a 'buy' rating, four recommend a 'hold' and nine suggest 'sell', according to Bloomberg data. The average 12-month consensus price target of Rs 210.98 implies an potential upside of 3.1%.
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