Internet & Catalogue Retail company FSN E-Commerce Ventures announced Q2FY24 results: Financial Highlights: 1. Consolidated revenue from operations grew by 22% YoY, crossing Rs 15,07 crore in Q2FY24. 2. Gross Margin Value grew 25% YoY to Rs 29,435 million in Q2FY24. 3. NSV grew 24% YoY to Rs 14,983 million in Q2FY24. 4. EBITDA increased by 32% YoY to over Rs 80 crore, with an EBITDA margin of 5.4% for Q2FY24. 5. Profit Before Tax grew by 51% YoY to Rs 133 million, and Net Profit for the quarter increased by 50% YoY to Rs 78 million. 6. Net Profit for the Period grew 50% YoY to Rs 78 million. Business Highlights: 1. Beauty & Personal Care (BPC): - BPC GMV grew at 23% YoY, with NSV growth of 19% YoY. - Physical retail business expanded with 13 new stores launched in the quarter. - Owned beauty brands experienced NSV growth of close to 21% YoY. 2. Fashion: - Consolidated revenue from operations in fashion business grew by 28% YoY. - NSV in Q2FY24 increased by 32% YoY, driven by an increase in annual unique transacting customers. - Contribution margin as a % to NSV for Nykaa Fashion improved to 4.7% in Q2FY24. 3. Others/New Businesses: - Superstore by Nykaa witnessed NSV growth of 105% YoY, serving almost 1.3 lakh transacting retailers across 770 cities. - Significant YoY improvement in contribution margin for new businesses. Result PDF
Conference Call with FSN E-Commerce Ventures Ltd. Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript. Management in attendance: Falguni Nayar and Senior Team