FSN E-Commerce Ventures Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 06, 2023 at 05:10 am EST
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FSN E-Commerce Ventures Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 15,070.24 million compared to INR 12,308.29 million a year ago. Revenue was INR 15,155.97 million compared to INR 12,373.05 million a year ago. Net income was INR 58.46 million compared to INR 41.08 million a year ago. Basic earnings per share from continuing operations was INR 0.02 compared to INR 0.01 a year ago. Diluted earnings per share from continuing operations was INR 0.02 compared to INR 0.01 a year ago.
For the six months, sales was INR 29,288.48 million compared to INR 23,792.5 million a year ago. Revenue was INR 29,441.42 million compared to INR 23,940.89 million a year ago. Net income was INR 91.49 million compared to INR 86.58 million a year ago. Basic earnings per share from continuing operations was INR 0.03 compared to INR 0.03 a year ago. Diluted earnings per share from continuing operations was INR 0.03 compared to INR 0.03 a year ago.
FSN E-Commerce Ventures Limited is a consumer technology platform company. The Company is engaged in the business of manufacturing, selling and distribution of beauty, wellness, fitness, personal care, health care, skin care, hair care products on the online platforms or websites, such as e-commerce, m-commerce, Internet, and intranet, as well as through retail outlets, general trade and modern trade. Its platform offers a wide range of products catering to women, men, and children, encompassing diverse demographics and price points. Its business verticals include Nykaa Beauty, Nykaa Fashion and Nykaa Others. Nykaa Beauty is engaged in the beauty and personal care. Nykaa Fashion is engaged in apparel and accessories. Nykaa Others includes NykaaMan, SuperStore by Nykaa, International, LBB and Nudge. Its beauty and personal care offer brands primarily across make-up, skincare, haircare, bath and body, fragrance, grooming appliances, personal care, and health and wellness categories.