Shares of FSN E-Commerce Ventures are down nearly 30 per cent since its peak in August last year
The primary objective of the new subsidiary is to engage in the trading and dealing of a wide range of products, including cosmetics, toiletries, beauty and personal care item
The uptick initially in the Nykaa share price came after Zurich, Switzerland-based brokerage firm UBS upgraded Nykaa stock to 'Buy', from 'Neutral'
Even as the entrepreneurial ecosystem continues to grow, the number of startups with at least one woman founder has been on the decline since at least 2020
Most global brokerages have also raised their target prices on Nykaa after Q3 results were announced on Monday, after market hours
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The net profit of FSN E-Commerce Ventures -- the parent firm of Nykaa -- came in at Rs 26.41 crore in Q3FY25, against Rs 17.45 crore in the year ago period
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At 6:36 AM, GIFT Nifty Futures were trading 47 points lower at 23,568, indicating a negative start for the Indian bourses
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India's beauty and personal care (BPC) industry is entering a consolidation phase with global giants seeking a grip over the changing consumer habits, according to the analysts
The rise in Nykaa share price was fuelled by a healthy December quarter (Q3FY25) business update
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The 'Death Cross' term is used when the stock's 50-DMA falls below 200-DMA; which in general leads to a tepid trend thereafter.
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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.
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 had previously acquired a minority stake in the company in 2022 through a combination of primary and secondary transactions
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
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