FSN E-Commerce Ventures Ltd News

Nykaa Fashion's CEO Nihir Parikh quits company with immediate effect

Nykaa Fashion chief executive officer Nihir Parikh has resigned and has been relieved with immediate effect, a regulatory filing said on Thursday. Nykaa Fashion is the fashion vertical of FSN E-commerce Ventures Ltd. "Nihir Parikh has resigned effective December 05, 2024, on account of personal commitments. He has been relieved from the services w.e.f. (with effect from) close of business hours of December 5, 2024," FSN E-commerce Ventures said in the filing. The fashion vertical accounts for less than 10 per cent of the company's revenue. The beauty segment of the company accounts for the majority of the revenue. Nykaa Fashion is still a loss-making vertical. The company has posted a consolidated net profit of Rs 12.97 crore and revenue of Rs 1,874 crore for September 2024 quarter.

LIC, BSE, Angel One, Adani shares soar up to 9% on F&O entry; Nykaa dips 2%

It was a mixed debut for the new 45 entrants in the derivatives segment as 50 per cent of the shares traded with losses in intra-day deals on the NSE.

Nykaa acquires majority stake in clean beauty brand Earth Rhythm

Nykaa had previously acquired a minority stake in the company in 2022 through a combination of primary and secondary transactions

Why FSN E-Commerce Ventures, parent of Nykaa, shares gain 4% in trade?

The company's board approved further investments in ERPL through primary and secondary rounds, in one or more tranches, resulting in ERPL becoming a subsidiary of Nykaa

Nykaa advances 6% on healthy Q2 results; brokerages remain divided

Nykaa reports Q2 results with 72 per cent increase in consolidated net profit for the second quarter at Rs 10 crore as compared to Rs 5.85 crore a year ago

Nykaa Q2 results: Net profit rises 67% to Rs 13 cr, revenue up 24%

Growth was bolstered by robust revenues across its beauty and fashion businesses

Q2 results today: Hyundai and Nykaa among over 500 firms to post earnings

Q2 results today, November 12: General Insurance, Zydus, and Bosch will release their Q2FY25 results

Nykaa Q2 preview: PAT to triple, revenue & margins poised for growth

Although expecting the beauty and personal care company to post robust second quarter numbers, analysts and investors will be tracking the company's growth in the fashion segment, apart from managemen

Nykaa's share price falls despite strong Q2 update; check details here

Shares of FSN E-Commerce Ventures, parent of e-commerce brand Nykaa dropped as much as 2.65 per cent a piece on the BSE in Tuesday's intraday trade

Nykaa appoints Sukhleen Aneja as business head to drive Kay Beauty

Nykaa on Friday announced the appointment of Sukhleen Aneja as Senior Vice President and Business Head for Kay Beauty. Kay Beauty is Nykaa's celebrity beauty brand launched in partnership with Katrina Kaif. Announcing Aneja's appointment, Nykaa, in a release, said her role will focus on propelling growth for Kay Beauty in international markets on the back of a successful launch in India. "Sukhleen will also hold responsibility for Nyveda, a brand based on the science of Ayurveda with a universal appeal in India and abroad, as well as provide strategic directions for a few of the young brands in wellness and personal care," the release added. With over two decades of sales and marketing expertise across Fortune 500 organisations like Unilever, L'Oreal and Reckitt Benckiser, Aneja was most recently the CEO of brands at Good Glamm. Launched in 2019, Kay Beauty is a celebrity makeup brand co-created by Nykaa and Katrina Kaif. "Reaching record sales of over Rs 150 crore annually, Kay

Beauty brand Nykaa sues former top official for contract breach, poaching

Nykaa has sued its ex-chief business officer Gopal Asthana, now at Tata Cliq, for breaching confidentiality and poaching former employees. Nykaa is seeking over Rs 20 crore in damages from Asthana

JM Financial reiterates 'Buy' on Nykaa; ups target price with 15% upside

Based on expectations of the BPC company delivering robust numbers during the festive period this year, JM Financial has raised the target price on Nykaa with an upside of 15 per cent

Nykaa gains 7% after 1.4% equity change hands vial block deals

According to reports, Harindarpal Singh Banga, a pre-IPO investor in Nykaa, was looking to sell up to 1.4 per cent of his stake in the the company today

Nykaa surges 19% on heavy volumes; stock at highest level since Oct 2022

Jumps 19% intraday; management expects 30% revenue growth for BPC

Ola Electric charges new-age stocks; Can Zomato, Paytm extend rally ahead?

New-age stocks have zoomed up to 80% from Election Result day lows. Charts suggest PolicyBazaar, Paytm, Nykaa and Delhivery can rally another 12%; while Zomato and CarTrade may dip going ahead.

Nykaa shares jump 6% after strong Q1 show; net profits grow 152% YoY

Shares of FSN E-Commerce Ventures soared as much as 5.76 per cent at Rs 197.35 per share on the BSE in Wednesday's intraday trade

Nykaa raises stake in Dot & Key, to acquire Earth Rhythm for Rs 44.5 crore

Dot & Key's revenue for FY24 almost doubled to Rs 198.3 crore from Rs 57.7 crore in FY23

Nykaa Q1FY25 results: Net profit jumps to Rs 14 crore, revenue up 23%

Nykaa Q1FY25 results: Ebitda surged over 30% Rs 96 crore in April-June quarter compared to Rs 73 crore last year

Nykaa, SBI Card: Top stock picks by Jigar Patel of Anand Rathi for July 25

It is recommended to 'buy' Nykaa stocks within the price range of Rs 180 to Rs 185

Breakout stocks: Nykaa, DMart, Union Bank can rally up to 20%, hint charts

Union Bank of India, Avenue Supermarts (DMart), CCL Products, FSN E-Commerce Ventures and Tata Power among 9 NSE stocks with bullish MACD crossover on the daily charts.