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[hfe_template id='11223'] [ad_1] Nykaa shares surged 3% to their day's high of Rs 174.60 on the BSE on Tuesday after the omnichannel fashion and beauty retailer reported a 61% year-on-year (YoY) increase in consolidated net profit to Rs 26.12 crore, falling short of the Street estimate of Rs 36 crore. Meanwhile, revenue was in line with expectations, rising 27% YoY to Rs 2,267 crore. The company reported an EBITDA of Rs 141 crore for the October-December 2024 quarter, with margins for the same period standing at 6.2%. Both metrics were in line with expectations. On a sequential basis, profit after tax (PAT) more than doubled from Rs 10 crore reported in the preceding September quarter. Also Read: Stocks to buy: Patanjali Foods, Nykaa and Delhivery on investors' radar However, revenues improved by 21% quarter-on-quarter (QoQ). Other income for the reporting third quarter fell to Rs 5.53 crore, compared to Rs 7.58 crore in the same quarter of the previous year. In ...

[hfe_template id='11223'] [ad_1] Shares of FSN E-Commerce Ventures, the parent company of Nykaa on Friday, rose 4% to the day’s high of Rs 218.75 on the BSE after investors Harindarpal Singh Banga and his wife, Indra Banga, likely sold a 1.4% stake in the company through a pre-market block deal. Reportedly 4.09 crore shares, or 1.4% of the equity changed hands in the aforementioned block deal. According to the term sheet issued by the bankers, the Bangas plan to sell their stake at a floor price of Rs 198 apiece, which represents a 5.9% discount to Thursday’s closing price of Rs 210. Harindarpal was an early investor in Indian billionaire Falguni Nayar’s fashion giant Nykaa and held a 6.4% stake. He founded The Caravel Group, a global conglomerate primarily engaged in resources trading, maritime services, and asset management. Shares of Nykaa rallied 19% to its new all-time high of Rs 228.50 on BSE on Wednesday, its largest intraday gain for the company since November 20...