India's FSN E-Commerce gains on co's strong Q2 view

Fsn E-Commerce Ventures

06/10/2023 05:13

** Shares of FSN E-Commerce Ventures  FSNE.NS  firm as much
as 3.1% to 151.60 Indian rupees
    ** Parent of beauty e-commerce retail Nykaa says it has
witnessed a strong quarter across all verticals
    ** Co sees net sales value to grow in the mid-twenties and
revenue to grow in the early twenties Y/Y for Q2, both on a
consolidated basis 
    ** Adds, Nykaa Fashion has witnessed strong momentum in Q2
FY24; net sales value for segment to grow in early thirties on a
yearly basis 
    ** Day's gains bring stock's YTD gains to 3.6%

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))