With FSN E-Commerce Ventures, the parent of online beauty and fashion brand Nykaa, all set to release its fiscal third quarter earnings on Monday (February 10), brokerage firms and analysts said that the company is expected to record significant improvements in its numbers in Q3, both sequentially and on YoY basis. The online company is expected to record growth in revenue from operations in the range of 27- 34 per cent to approximately Rs 2405.30 crore with a strong performance in the beauty vertical, while the fashion segment continued to remain subdued. Profit is estimated to more than double from the previous year to Rs 46.6 crore. During the second quarter of the current fiscal year, Nykaa had recorded a profit of Rs 13 crore and revenue was reported at Rs 1874.7 crore. Per analysts, Q3 will be a seasonally strong quarter for Nykaa led by wedding dates advancing to Q3 from Q2.
Earlier on January 30, FSN E-Commerce Ventures had, in a regulatory filing, announced that the company will release its fiscal third quarter results on February 10. “This is to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, February 10, 2025 to, inter-alia, consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2024, along with the Report of the Statutory Auditors thereon,” it had said.
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In its Q3 business update, Nykaa had maintained that the company is expected to witness strong performance during the quarter with consolidated net revenue growth likely to be higher than mid-twenties. Nykaa’s revenue growth is higher than the consolidated GMV growth for the same period, indicating positive trend in GMV to net revenue translation. While maintaining that the beauty vertical has accelerated vs previous quarters with net revenue growth higher than mid-twenties, it had said that the online fashion demand continued to be subdued. However, Nykaa remained optimistic about the long-term growth opportunity.
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According to JM Financial,
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