Q4 2025 Fsn E-Commerce Ventures Ltd Earnings Call Transcript
Key Points
- FSN E-Commerce Ventures Ltd (BOM:543384) reported a strong 27% year-on-year growth in GMV for Q4 FY25, reaching INR4,102 crores.
- The company's net revenue grew by 24% year-on-year, amounting to INR2,062 crores for the quarter.
- Gross margins improved by 51 basis points year-on-year, reaching 44.1% for the quarter.
- EBITDA increased by 43% year-on-year, resulting in an EBITDA margin of 6.5% for the quarter.
- The beauty segment showed robust growth, with a 31% increase in GMV for Q4 and a 30% increase for the full year.
- The fashion segment experienced slower growth compared to beauty, with only an 18% year-on-year increase in GMV for Q4.
- Despite improvements, the fashion segment's growth was muted at 12% year-on-year for the full year.
- The company's PAT margin remains low at 0.9% of net revenue for the quarter.
- There is ongoing competitive pressure in the beauty segment, which could impact margins.
- The company continues to face challenges in achieving profitability in its eB2B business, requiring further investment.
Hi, good evening, everyone. This is Michelle from Chorus Call. Welcome to FSN E-Commerce Ventures Limited Q4 FY25 Earnings Call. From the management at Nykaa we have, Ms. Falguni Nayar, Executive Chairperson, MD and CEO; Mr. Anchit Nayar, Executive Director and CEO, Beauty; Ms. Adwaita Nayar, Executive Director and CEO, Nykaa Fashion; Mr. Vishal Gupta, CEO, Nykaa Distribution; Abhijeet Dabas, Executive Vice President, nykaafashion.com; Mr. P. Ganesh, Chief Financial Officer.
Before we start, we would like to point out that some of the statements made in today's call may be forward-looking in nature and a disclaimer to this effect has been included in the earnings presentation shared with you earlier. Kindly note that this call is meant for investors and analysts only. By participating in this event, you can send to such recording, distribution and publication. (Operator Instructions)
With that, over to you, Falguni, for opening remarks.
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