India's Nykaa gains on upbeat FY26 margin forecast

Fsn E-Commerce Ventures

14/06/2024 10:47

** Shares of Nykaa parent FSN E-Commerce Ventures  FSNE.NS 
rise 3.4% to 172.6 rupees
    ** Co says it expects EBITDA margin to improve by 2,000 bps
in FY26 vs FY24
    ** It had reported a loss before interest, tax, depreciation
and amortization margin of 10.3% in FY24
    ** Adds it expects advertisement rev recovery to boost
profitability
    ** More than 14.5 mln shares change hands, 3.1x its 30-day
avg
    ** Analysts covering the stock on avg have a "hold" rating;
median PT 195 rupees - LSEG data
    ** Stock up ~3% so far this week

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))