- By Aditya Pratap Singh
- Tue, 11 Feb 2025 11:12 AM (IST)
- Source:JND
Nykaa Share Price: Shares of FSN E-Commerce, the parent company of Nykaa, rose 3% in early trade on Tuesday, driven by the company's strong Q3 earnings. Its net profit for the December quarter rose 51% to ₹26.4 crore, against ₹17.5 crore in the same period last year.
At 11:05 am, Nykaa stock was trading at Rs 172.55 on the NSE, buoyed by investor sentiment. Trading volume in the stock increased, with 92 lakh shares traded so far, surpassing the one-month average daily volume of 76 lakh shares.
Q3 Performance Highlights
Nykaa reported a 27% year-on-year growth in consolidated revenue to ₹2,267 crore, compared to ₹1,789 crore in the same period last year. This was in line with the company's earlier guidance of revenue growth in the "higher mid-twenties".
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Nykaa’s core beauty and personal care segment led the revenue growth over the previous quarters, continuing to show a higher growth momentum than the previous quarters. GMV for this business grew in the low thirties despite strong momentum across various sales channels such as its e-commerce platform, retail outlets, owned brands and eB2B distribution.
The improved financial performance coupled with the consistent execution of its growth strategy has reassured investors and has boosted trading volumes and the company’s share price. The client growth across verticals, both e-commerce and offline, suggests that the company has a strong platform for further growth.
The Q3 results appear to provide positive momentum for Nykaa as a beauty and personal care retailer and put the company on an upward trajectory that works well in the competitive e-commerce landscape.