Shares of FSN E-Commerce Ventures, the parent company of Nykaa, are expected to draw attention after the firm reported a consolidated net profit of 78 crore rupees for the March quarter. This figure represents a 286 percent increase from 20 crore rupees in the same period last year. Revenue from operations grew 28 percent year on year to 2,648 crore rupees. For the full fiscal year, net profit nearly tripled to 199 crore rupees while revenue rose 26 percent to 10,022 crore rupees. Gross merchandise value increased 28 percent to 5,241 crore rupees in the quarter and 28 percent to 19,963 crore rupees for the year. The company also recorded higher EBITDA and margins. Chief executive Falguni Nayar noted that the business has reached the one-billion-dollar revenue mark while expanding its beauty, fashion, and newer verticals, and now serves more than 55 million customers. She highlighted the role of artificial intelligence in improving personalization and operations.
