Nykaa owned by FSN E-Commerce Ventures: The stock price movement
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14 February 2022, Mumbai:
With the past one week's decline, the stock price of Nykaa has slumped 40 per cent from its record high of Rs 2,574 touched on November 26, 2021.
Shares of FSN E-Commerce Ventures, the parent company of beauty e-tailer Nykaa, hit an all-time low of Rs 1,536, down nearly 7 per cent on the BSE in Monday’s intra-day trade.
It has fallen below its previous low of Rs 1,571.30 touched on January 27, 2022. In comparison, the S&P BSE Sensex was down 1.8 percent at 57,138 points at 10:53 am.
The stock of the cosmetics-to-fashion retailer has slipped 19 percent in the past one week after the company reported a weak set of numbers for the October-December quarter (Q3FY22).
With the past one week's decline, the stock price of Nykaa has slumped 40 per cent from its record high of Rs 2,574 touched on November 26, 2021.
ALSO READ: Nykaa Q3 FY22 results
The company had issued shares at a price of Rs 1,125 per share in its initial public offer (IPO). The stock had made a market debut on November 10, 2021.
Nykaa on February 9, 2022, reported a 59 percent year-on-year (YoY) decline in its Q3 net profit at Rs 29 crore, hit by a jump in expenses and subdued demand for personal care and fashion products. Earnings before interest tax and depreciation and amortization (EBITDA) margin contracted 697 bps at 6.3 per cent from 13.2 percent in Q3FY21.
On a sequential basis, EBITDA margin improved 302 bps from 3.3 per cent in Q2FY22.
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*Figures mentioned in the above article have been sourced from Business Standard article.
