Nykaa Q4 Preview: FSN E-Commerce Ventures, the parent company of the leading beauty and lifestyle platform Nykaa, is poised to unveil its financial results for the fourth quarter and the full fiscal year 2024-25 on Friday, May 30.
Nykaa Q4 Preview: Top Brokerages' Ratings on FSN E-Commerce Ventures Stock
Kotak Institutional Equities Preview: Analysts at Kotak Institutional Equities (KIE) project a strong performance for Nykaa in Q4FY25, with an estimated year-on-year (Y-o-Y) growth of 24% in Gross Merchandise Value (GMV) and 28% in revenue. This growth is expected to be largely driven by the Beauty and Personal Care (BPC) segment, where GMV is forecast to rise by 43% Y-o-Y and revenue by 41% Y-o-Y. The fashion segment is also expected to contribute, with GMV growth of 12% and revenue growth of 34% Y-o-Y.
The brokerage estimates Nykaa's consolidated revenue for the quarter at Rs 2,143.2 crore, up from Rs 1,668 crore in the corresponding quarter last year. Kotak also notes that the inclusion of the B2B segment within the BPC business will further enhance sub-segment growth. Core BPC is expected to post solid performance in the quarter.
Kotak expects Nykaa to report a stable sequential Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margin of 6.2%, reflecting a Y-o-Y expansion of 60 basis points. Consolidated EBITDA for the quarter is pegged at Rs 138.8 crore, up from Rs 93.3 crore a year earlier. The margin improvement is likely to be driven by operating leverage in the BPC business and reduced losses in the fashion vertical.
ICICI Securities' Preview For Nykaa Q4 FY2025: ICICI Securities forecasts a 35.2% Y-o-Y growth in Nykaa's consolidated EBITDA to Rs 126.1 crore in Q4FY25, compared to Rs 93.3 crore in the same quarter last year. The brokerage expects the EBITDA margin to improve to 6.1%, up from 5.6% in Q4FY24. This anticipated margin expansion is attributed to better cost efficiencies and improved performance across core segments.
JM Financial Institutional Securities Preview: JM Financial projects Nykaa's overall GMV to grow 27% Y-o-Y in Q4FY25, though it is expected to see a sequential decline of 9.8% quarter-on-quarter (Q-o-Q). Within this, the core BPC segment is expected to grow by 27.8% Y-o-Y but decline by 12.4% Q-o-Q, while the fashion business is projected to grow 17.3% Y-o-Y with a Q-o-Q drop of 9.1%.
Consolidated revenue is forecast to rise 23.9% Y-o-Y to Rs 2,066.1 crore, compared to Rs 1,668 crore in Q4FY24, but it is likely to decrease by 8.9% Q-o-Q. EBITDA margin is estimated to expand 26 basis points Y-o-Y to 5.9%, though it may contract by 36 basis points sequentially from 6.2% in Q3FY25.
Nuvama Institutional Equities Preview: Nuvama expects robust growth in Nykaa's core business segments, projecting a 29% Y-o-Y increase in BPC GMV and a 10% rise in fashion GMV. On the back of this growth, the brokerage anticipates a 25% Y-o-Y increase in consolidated revenue to Rs 2,085 crore, up from Rs 1,668 crore in Q4FY24.
The firm estimates consolidated EBITDA at Rs 131.4 crore for the quarter, marking a significant improvement over the Rs 93.3 crore reported a year ago. EBITDA margin is projected to rise slightly by 10 basis points Q-o-Q, reaching 6.3% in Q4FY25 from 6.2% in Q3FY25.
Nykaa Q4 Results: FSN E-Commerce Ventures Earnings Call, Dividend and More Details
In a stock exchange filing dated May 19, FSN E-Commerce Ventures Ltd. announced that its Board of Directors will meet on May 30 to review and approve the audited standalone and consolidated financial results for the quarter and full financial year ending March 31, 2025.
To discuss its Q4 and full-year FY25 performance, the company has scheduled an earnings call with investors and analysts on May 30 at 5:00 p.m.
Nykaa Dividend: The filing did not mention any proposal or declaration regarding a potential dividend for FY25.
Nykaa Share Price Today: FSN E-Commerce Ventures Stock Movement Ahead of Q4 Results
On Thursday, 29 May, shares of FSN E-Commerce Ventures Ltd, popularly known as Nykaa, closed at Rs 204.80 on the National Stock Exchange (NSE). The stock recorded a gain of Rs 3.97 during the day, reflecting an increase of 1.98% from its previous closing price.
Nykaa Trading Window Closure
As per regulatory compliance, the trading window for designated persons has been closed from March 25 and will remain shut until June 1, 2025.
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