Shares of FSE E-Commerce, the parent firm of Nykaa, fell 3.3% to Rs 171.94 on profit booking. The stock rose 5.7% to an intra-day high of Rs 188 after the company’s net profit jumped 71.6% on year in Q2 FY25.
The company’s consolidated net profit stood at Rs 10.04 crore for the quarter ended September 30, 2024, compared to Rs 5.85 crore it recorded during the same quarter last year. On QoQ, the consolidated net profit was up 4.1. Nykaa’s revenue from operation for the quarter ended September stood at Rs 1,874.74 crore, up 24.4% on year from Rs 1,507.02 crore reported in the corresponding quarter of the previous financial year.
Nykaa in Q1
The company reported a consolidated net profit of Rs 13.64 crore for the quarter ended June 30, 2024, a jump of 152% on year compared to Rs 5.42 crore in the same period a year ago. The revenue from operation for the reporting quarter stood at Rs 1,746.11 crore, up by 23% from Rs 1,421.82 crore reported in the corresponding quarter of the previous financial year.
Nykaa Vs Nifty 50
The stock of Nykaa has fallen 4.7% in the past five days and 9.5% in the last one month. However, Nykaa has risen 3% in the past six months. The stock has given a return of 1.3% from year to date and 15% in the last one year.
To compare, the benchmark index, Nifty 50 has fallen 2.8% in the past five days. The index has fallen 5.8% in the last one month. However, the index has given a return of 7.1% in the last six months. The index has increased by 9% from year to date and 22% in the last one year.
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