FSN E-Commerce Ventures Limited — Updates, 12-11-2024: Press Release

FSN E-Commerce Ventures Limited reported impressive Q2 FY25 results, with consolidated GMV growing 24% YoY to ₹36,525 million and revenue from operations also rising 24% YoY to ₹18,747 million. The company achieved a notable EBITDA of ₹1,037 million, reflecting a robust 29% YoY growth, while net profit surged 66% YoY to ₹130 million.

In the beauty segment, Nykaa's multibrand retail displayed a remarkable 29% YoY GMV increase, driven by strong customer acquisition and a growing retail presence with 210 stores nationwide. The launch of over 170 new global brands enhanced product offerings. Additionally, Nykaa Beauty's owned brands grew 48% YoY in GMV, reaching ₹3,602 million.

The fashion division saw revenue growth of 22% YoY, supported by strategic initiatives like the acquisition of LBB and launching Foot Locker in India. With operational efficiencies improving profitability, Nykaa’s fashion gross margins rose to 49.7%. Overall, analysts may view these results positively, underscoring Nykaa's growth potential and strong market positioning.