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Informist, Tuesday, Aug. 12, 2025

 

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By Akshat Saksena

 

MUMBAI – FSN E-Commerce Ventures Ltd. reported a triple digit rise in its consolidated net profit for the June quarter and yet missed analysts' estimates. The company posted a double digit growth in its consolidated revenue, but again marginally missed analysts' expectations.

 

The company reported a consolidated net profit of INR 233.20 million, up 142% on year, but missed the consensus estimate of INR 258.40 million. Sequentially the company's net profit was up almost 15%. The company reported consolidated revenues of INR 21.55 billion, up 23% on year, but missed the average estimate of INR 21.75 billion. Sequentially, the company's consolidated revenue was up 4.5%.  

 

The company's total expenses rose to INR 21.21 billion, up almost 23% on year. The company's purchase of traded goods was INR 14.44 billion for the June quarter, up 23% on year. The other expenses for the company were INR 6.39 billion for the June quarter, up 27% on year.

 

 

The company's consolidated revenue from the beauty segment was INR 19.75 billion, up 24% on year. The growth in the beauty segment revenue was driven by deepening penetration and premiumisation that led to a strong customer acquisition and a rise in average order value. The customer base for the beauty segment has risen to 37 million in the June quarter, up 29% on year. 

 

The company's consolidated revenue for the fashion segment was INR 1.71 billion, up 15% on year. The core fashion platform saw a recovery with a strong customer base of 8.50 million, up 32% on year, and over 2 million orders, up 19% on year.

 

The company's cumulative customer base grew to over 45 million, up 30% on year. The company said it had 250 beauty stores in 82 cities at the end of July. The gross merchandise value of the company was INR 41.82 billion, up 26% on year. The gross merchandise value of the beauty segment was INR 32.08 billion, up 26% on year. The fashion segment's gross merchandise value rose 25% on year to INR 9.64 billion. 

 

The company reported earnings before interest, tax, depreciation, and amortisation of INR 1.41 billion, up 46% on year. The beauty segment reported an EBITDA of INR 1.65 billion, up 31% from the year ago quarter. The fashion segment reported an EBITDA of negative INR 180 million, an improvement from a negative EBITDA of INR 230 million in the year-ago quarter. 

 

The company's EBITDA margin expanded to 6.5% from 5.5% the company had posted for the June quarter of the previous year. The beauty segment of the company reported an EBITDA margin of 9%, up 50 basis points on year. The fashion segment saw an improvemnet in its EBITDA margin to (-)6.2%, an imporvement from an EBITDA margin of (-)9.2% in the year-ago quarter.

 

Tuesday, shares of FSN E-Commerce ended at INR 204.64 on the National Stock Exchange, up marginally. The company announced its earnings after market hours. End

 

Edited by Akul Nishant Akhoury

 

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