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Nykaa parent FSN E-Commerce profit more than triples in June quarter
FSN E-Commerce Ventures said consolidated revenue rose 29% year over year to ₹2,782 crore, with EBITDA up 68% to ₹236 crore as margins expanded 200 basis points to 8%.
Nykaa’s parent, FSN E-Commerce Ventures Ltd., reported a 226% year-over-year jump in consolidated net profit to ₹80 crore for the April-June quarter, attributing the gains to stronger beauty demand and improving cost efficiencies, according to LiveMint Markets. Revenue from operations increased 29% year over year to ₹2,782 crore. At the operating level, EBITDA rose 68% year over year to ₹236 crore, and EBITDA margin expanded by 200 basis points to 8%, the outlet reported. In its beauty segment, revenue climbed 27.4% year over year to ₹2,516 crore. Beauty GMV grew 28% year over year to ₹4,105 crore, supported by activity across its e-commerce platform, offline retail network, and House of Nykaa owned brands. The fashion business also posted growth, with GMV rising 53% year over year to ₹1,471 crore and NSV increasing 54% to ₹451 crore. LiveMint Markets reported an improvement in fashion profitability, with the EBITDA margin (as a percentage of NSV) moving to 0.1% from 6.2% in the prior year quarter.