NSE: NYKAA | BSE: 543384

Expensive Performer

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164.56 0.22 (0.13%)

28.39% Fall from 52W High

4.1M NSE+BSE Volume

NSE 13 Mar, 2025 3:31 PM (IST)

47,050.2

Market Cap

Below industry Median

0.6

Beta 1Year

Very Low volatility

FSN E-Commerce Ventures Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for NYKAA, BSE:543384 FSN E-Commerce Ventures Ltd.

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FSN E-Commerce Ventures Ltd.

04 Dec 2024

164.56

0.13%

FSN E-COMMERCE VENTURES LIMITED

Buy: FSN E-Commerce Ventures Ltd.

Target

Geojit BNP Paribas

Number of FII/FPI investors decreased from 253 to 235 in Dec 2024 qtr

FSN E-Commerce Ventures Ltd.

29 May 2024

164.56

0.13%

FSN E-COMMERCE VENTURES LIMITED

Buy: FSN E-Commerce Ventures Ltd.

Recommendation Target

Geojit BNP Paribas

FSN E-Commerce Ventures Ltd. is trading below all available SMAs

FSN E-Commerce Ventures Ltd.

23 May 2024

164.56

0.13%

Revenue growth accelerates in Q4, but margin visibility remains uncertain

Hold: FSN E-Commerce Ventures Ltd.

Target

ICICI Securities Limited

Nykaa grew BPC GMV 30% YoY in Q4FY24 aided by ‘Pink Love Sale’. As a result, BPC gross margin declined by 150bps YoY.

FSN E-Commerce Ventures Ltd. has lost -20.17% in the last 6 Months

FSN E-Commerce Ventures Ltd.

17 Nov 2023

164.56

0.13%

FSN E-COMMERCE VENTURES LIMITED

Hold: FSN E-Commerce Ventures Ltd.

Target

Geojit BNP Paribas

FSN E-Commerce Ventures Ltd. has lost -20.17% in the last 6 Months

FSN E-Commerce Ventures Ltd.

24 Aug 2023

164.56

0.13%

FSN E-COMMERCE VENTURES LIMITED

Hold: FSN E-Commerce Ventures Ltd.

Target

Geojit BNP Paribas

FSN E-Commerce Ventures Ltd. is trading below all available SMAs

FSN E-Commerce Ventures Ltd.

13 Aug 2023, 12:00AM

164.56

0.13%

Margin improvement lower than expected; re-rating triggers appear missing, for now

accumulate: FSN E-Commerce Ventures Ltd.

Recommendation

ICICI Securities Limited

Cost-control initiatives yielded a 130bps YoY contribution margin (CM) improvement in BPC despite a 60bps YoY gross margin decline as :1) ad-income from D2C brands was soft as brands increased profit focus (in-line with our expectations), 2) a new ad platform resulted in transition challenges for smaller brands and 3) channel mix worsened.

Number of FII/FPI investors decreased from 253 to 235 in Dec 2024 qtr

FSN E-Commerce Ventures Ltd.

29 May 2023

164.56

0.13%

FSN E-COMMERCE VENTURES LIMITED

Hold: FSN E-Commerce Ventures Ltd.

Geojit BNP Paribas

FSN E-Commerce Ventures Ltd. has lost -20.17% in the last 6 Months

FSN E-Commerce Ventures Ltd.

25 May 2023

164.56

0.13%

Focusing on profitable growth

Buy: FSN E-Commerce Ventures Ltd.

Recommendation

ICICI Securities Limited

We note that management on the call emphasised on profitable growth. In the fashion segment, it endeavours to improve contribution margins materially. We think this should help allay investor concerns around cash burn.

FSN E-Commerce Ventu.. has an average target of 186.50 from 2 brokers.

FSN E-Commerce Ventures Ltd.

14 Feb 2023, 12:00AM

164.56

0.13%

(Most) growth metrics tracking well

Accumulate: FSN E-Commerce Ventures Ltd.

Target

ICICI Securities Limited

Q3FY23 GMV growth in BPC segment (+26%YoY/+17%QoQ) though lower than 9MFY23 trend was still higher than the growth in most other e-commerce sub segments. Fashion segment GMV growth rebounded to 50% YoY and 21% QoQ after a comparatively weak showing in Q2FY23.

FSN E-Commerce Ventu.. has an average target of 186.50 from 2 brokers.

FSN E-Commerce Ventures Ltd.

20 Jan 2023

164.56

0.13%

Valuation turning palatable; upgrade to ADD

Accumulate: FSN E-Commerce Ventures Ltd.

ICICI Securities Limited

We had always liked Nykaa's business model. That said, post its listing on the Indian bourses, we've been staying on the sidelines due to valuations beyond our ability to comprehend (at peak stock price, revenue CAGR requirement over the next 20 years was 23%). Post ~70% correction from peak, in SoTP, BPC (beauty & personal care) business now accounts for ~77% of current price, assuming it's a defensible and high growth business in medium term.

FSN E-Commerce Ventures Ltd. is trading below all available SMAs

VOTE: Is FSN E-Commerce Ventures Ltd. worth buying?

206 Votes:

Buy 68.93%

Sell 20.87%

Hold 10.19%

RESEARCH REPORTS

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