The fourth-quarter profit of FSN E-Commerce Ventures Ltd., the parent of online beauty and fashion retailer Nykaa rose, but missed analysts' estimates.
Consolidated net profit increased 350% year-on-year to Rs 9 crore in the quarter-ended March, according to an exchange filing. That compares with the Rs 13.27-crore consensus estimate of analysts tracked by Bloomberg.
FSN E-Commerce Ventures Q4 Highlights (Consolidated, YoY)
Revenue rose 28.1% to Rs 1,668 crore (Bloomberg estimate: Rs 1630.98 crore).
Operating profit rose 32% to Rs 93 crore (Bloomberg estimate: Rs 88.43 crore).
Margin at 5.6% versus 5.4%. Analysts had estimated it at 5.4%.
Shares of the company ended 1% higher on Wednesday, as compared with a 0.4% gain in the benchmark Sensex.
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