FSN E-Commerce Ventures Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 06, 2024 at 05:00 am EST
Share
FSN E-Commerce Ventures Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 17,887.98 million compared to INR 14,628.26 million a year ago. Revenue was INR 17,963.82 million compared to INR 14,684.62 million a year ago. Net income was INR 161.86 million compared to INR 81.93 million a year ago. Basic earnings per share from continuing operations was INR 0.06 compared to INR 0.03 a year ago. Diluted earnings per share from continuing operations was INR 0.06 compared to INR 0.03 a year ago.
For the nine months, sales was INR 47,176.46 million compared to INR 38,420.76 million a year ago. Revenue was INR 47,405.25 million compared to INR 38,625.51 million a year ago. Net income was INR 253.35 million compared to INR 168.51 million a year ago. Basic earnings per share from continuing operations was INR 0.09 compared to INR 0.06 a year ago. Diluted earnings per share from continuing operations was INR 0.09 compared to INR 0.06 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.