Nykaa's Profits Surge: Unveiling the Drive Behind FSN E-Commerce's Success
Shares of FSN E-Commerce, the parent of Nykaa, rose significantly after reporting a 79% increase in net profit for Q1 2025. The company's growth was primarily driven by a boost in their beauty and fashion segments, showcasing their ability to balance growth and profitability.
- Country:
- India
FSN E-Commerce, the parent company of Nykaa, saw its shares soar by 5.55% following the announcement of a substantial 79% year-on-year rise in consolidated net profit for the first quarter of FY25.
The firm's net profit surged to Rs 24.47 crore, a significant increase from Rs 13.64 crore during the same period last year, with total income also witnessing a rise from Rs 1,753.44 crore to Rs 2,164.27 crore.
The remarkable growth was primarily attributed to the success of its beauty division, which recorded a 24% revenue increase, while the fashion segment also saw a 15% rise, underscoring the company's strategic balance of growth and profitability, as highlighted by CEO Falguni Nayar.
(With inputs from agencies.)
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