FSN E-Commerce Ventures announced that the 12th Annual General Meeting (AGM) of the company will be held on 18 September 2024.Powered by Capital Market - Live

Ambuja Cements Ltd, Vardhman Textiles Ltd, Minda Corporation Ltd, Prism Johnson Ltd are among the other stocks to see a surge in volumes on BSE today, 23 August 2024.FSN E-Commerce Ventures Ltd saw volume of 426.04 lakh shares by 10:46 IST on BSE, a 44.02 fold spurt over two-week average daily volume of 9.68 lakh shares. The stock increased 5.77% to Rs.222.55. Volumes stood at 14.97 lakh shares in the last session.Ambuja Cements Ltd notched up volume of 5.24 lakh shares by 10:46 IST on BSE, a 6.4 fold spurt over two-week average daily volume of 81822 shares. The stock rose 1.16% to Rs.640.25. Volumes stood at 98564 shares in the last session.Vardhman Textiles Ltd registered volume of 1.04 lakh shares by 10:46 IST on BSE, a 5.84 fold spurt over two-week average daily volume of 17758 shares. The stock rose 4.23% to Rs.507.75. Volumes stood at 22149 shares in the last session.Minda Corporation Ltd registered volume of 54537 shares by 10:46 IST on BSE, a 3.59 fold spurt over two-week average daily volume of 15208 shares. The stock rose 5.80% to Rs.569.15. Volumes stood at 17573 shares in the last session.Prism Johnson Ltd clocked volume of 67397 shares by 10:46 IST on BSE, a 3.32 times surge over two-week average daily volume of 20298 shares. The stock gained 2.72% to Rs.165.90. Volumes stood at 10287 shares in the last session.Powered by Capital Market - Live

Nykaa said that its profitability continues to improve with PAT growth of 150% YoY, with impact of depreciation and lease cost impact moderating versus financial year 2023. Revenue from operations grew at a healthy pace of 23% year on year to Rs 1,746.11 crore in Q1 FY25, in line with last 2 year CAGR. Profit before tax soared to Rs 22.08 crore during the quarter from Rs 9.71 crore posted in Q1 FY24. EBITDA stood at Rs 96.1 crore in Q1 FY25, registering a growth of 31% on YoY basis. EBITDA margin increased 34 bps to 5.5% in the June quarter as against 5.2% reported in Q1 FY24. During the quarter, consolidated gross merchandise value (GMV) grew 25% YoY to Rs 3,320.9 crore on the back of strong performance in Beauty, where GMV was up 28% YoY, while Fashion performance continued to be resilient in a muted demand environment. In Beauty segment, Beauty GMV showed a strong growth of 28% YoY in Q1 FY25, in line with long term beauty industry growth trajectory. This performance was result of accelerated customer acquisition, up 27% YoY, driving healthy order volume growth. The quarter also witnessed significant IP activations, including our flagship Pink Summer Sale. Nykaa stated that it has achieved 200 store milestone in July 2024, further cementing its position as India's largest specialized beauty retailer spanning 72 cities. The company has rolled out 11 stores in Q1 FY25 including 3 Luxe stores, 5 On-trend stores and 3 Owned Brand Kioks. The firm's Beauty owned brands had another successful quarter with strong growth of 47% YoY. Superstore by Nykaa witnessed strong GMV growth of 72% YoY in FY2024. The distribution business has achieved scale with improving profitability as contribution margin (as a % to NSV) improved 520 bps YoY, from -18.5% in Q1 FY2024 to -13.3% in Q1 FY2025. This is supported by several initiatives to improve gross margins, and optimization of fulfilment and selling & distribution expenses, it added. Nykaa Fashion delivered a healthy GMV growth of 15% YoY. This was a result of high growth across our core categories of women's western wear, up 34% YoY as well as ramping up of emerging categories like lingerie and athleisure, which delivered strong GMV growth of 54% YoY and 110% YoY respectively. Fashion revenue growth was higher than GMV growth at 21% YoY, led by lower returns and cancellations and higher marketing and other services related income. Gross margins improved significantly to 49.4% as of % of NSV as against 45.8% a year ago, with increased content and other marketing income. There is increased efficiency in Fulfilment through several optimization interventions and marketing expenses (as a % of NSV) continue to improve with increasing repeat customer mix. As a result, EBITDA margins improved by 492 bps in Q1 FY25 standing at -9.2% v/s -14.1% in Q1 FY24, said Nykaa. Meanwhile, the company announced that its board has approved to increase its existing majority stake of 51% in Dot & Key to 90% by acquiring the additional stake of 39% for a consideration amount of Rs 265.3 crore. The company will be acquiring 5,29,286 equity shares of Dot & Key from the promoters/ existing shareholders of Dot & Key. Further, the board has also approved to acquire additional stake in Earth Rhythm for a consideration amount of Rs 44.5 crore. The company will be acquiring up to 57,302 equity shares and 12,226 warrants of Earth Rhythm through Primary and Secondary acquisition thereby resulting in Earth Rhythm becoming subsidiary of the company. Both the aforementioned acquisitions are expected to be completed by 30 September 2024. Nykaa (FSN E-Commerce) is one of India's leading lifestyle-focused consumer technologies platforms. Since its launch, Nykaa expanded its product categories by introducing online platforms Nykaa Fashion, Nykaa Man, and Superstore. Delivering a comprehensive omnichannel e-commerce experience, Nykaa offers over 6,000 brands through its website and mobile applications.Powered by Capital Market - Live

The key equity indices traded in with small gains in mid-morning trade. The Nifty hovers above the 24,100 level. Metal shares extended losses for the second consecutive trading session. At 11:27 IST, the barometer index, the S&P BSE Sensex, was up 89.63 points or 0.12% to 79,045.66. The Nifty 50 index added 7.15 points or 0.03% to 24,146.15. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.71% and the S&P BSE Small-Cap declined 0.96%. The market breadth was weak. On the BSE, 1,315 shares rose and 2,404 shares fell. A total of 129 shares were unchanged. Due to the observance of Independence Day on Thursday, 15 August 2024, the domestic market will be closed. Consequently, the Nifty weekly options expiry has been shifted to today. Economy : The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 2.04% (Provisional) for the month of July, 2024 (over July, 2023). Positive rate of inflation in July, 2024 is primarily due to increase in prices of food articles, manufacture of food products, mineral oils, crude petroleum & natural gas, other manufacturing etc. The month over month change in WPI index for the month of July, 2024 stood at 0.84% as compared to June, 2024. Primary Articles index increased by 3.13% to 197.6 (provisional) in July, 2024 from 191.6 (provisional) for the month of June, 2024. Prices of food articles (3.90%), crude petroleum & natural gas (1.22%), minerals (1.01%) and non-food articles (0.90%) increased in July, 2024 as compared to June, 2024. Fuel & Power index increased by 0.14% to 147.9 (provisional) in July, 2024 from 147.7(provisional) for the month of June, 2024. Prices of mineral oils (1.09%) increased in July, 2024 as compared to June, 2024. Manufactured Products index declined by 0.14% to 141.7 (provisional) in July, 2024 from 141.9(provisional) for the month of June, 2024. WPI Food Index or the Food Index consisting of 'food articles' from primary articles group and 'food product' from manufactured products group increased from 190.3 in June, 2024 to 195.4 in July, 2024. The rate of inflation (Y-o-Y) based on WPI Food Index decreased from 8.68% in June, 2024 to 3.55% in July, 2024. IPO update: The initial public offer (IPO) of Saraswati Saree Depot received 26,74,03,680 bids for shares as against 100,00,800 shares on offer, according to stock exchange data at 11:15 IST on Wednesday (14 August 2024). The issue was subscribed 26.74 times. The issue opened for bidding on 12 August 2024 and it will close on 14 August 2024. The price band of the IPO was fixed at Rs 152 to 160 per share. Buzzing Index: The Nifty Metal index slipped 1.64% to 8,810.55. The index fell 3.24% for the second consecutive trading session. NMDC (down 4.99%), Hindustan Copper (down 4.7%), Ratnamani Metals & Tubes (down 3.89%), Tata Steel (down 3.85%), Hindustan Zinc (down 3.28%), Welspun Corp (down 2.36%), JSW Steel (down 2.31%), Vedanta (down 2.15%), Steel Authority of India (down 1.72%) and Adani Enterprises (down 1.54%) declined. Stocks in spotlight: FSN E-commerce Ventures(Nykaa) advanced 2.04% after the company's consolidated net profit jumped 49% to Rs 13.6 crore in Q1 FY25 as compared with Rs 9.1 crore in Q1 FY24. Revenue increased 4.7% YoY to Rs 1,746.11 crore during the quarter. Texmaco Rail & Engineering slipped 3.46%. The company's consolidated net profit surged to Rs 70.44 crore in Q1 FY25 as compared with Rs 20.15 crore in Q1 FY24. Revenue increased 36% YoY to Rs 891.71 crore in Q1 FY25. Piramal Enterprises tumbled 10.29%. The company's consolidated net profit jumped 64% to Rs 181 crore during the quarter as compared with Rs 509 crore posted in corresponding quarter last year. Total income declined 26% YoY to Rs 2,145 crore in Q1 FY25. Global Markets: Most Asian stocks advanced on Wednesday, buoyed by Wall Street's rally following upbeat US inflation data. This strengthened expectations that the Federal Reserve could initiate monetary easing as early as September. New Zealand's dollar tumbled after the central bank unexpectedly cut interest rates by 25 basis points to 5.25%. Chinese equities declined as data revealed a contraction in bank loans to the real economy for the first time in 19 years. Investors are eagerly awaiting earnings results from Tencent Holdings and details of its planned share buyback. US stocks surged on Tuesday, nearing recent record highs, after a milder-than-expected producer price index (PPI) report. The Dow Jones Industrial Average gained 1.04%, the Nasdaq Composite jumped 2.43%, and the S&P 500 climbed 1.68%. The PPI, a measure of wholesale inflation, rose 0.1% last month. This data buoyed investor sentiment ahead of Wednesday's more closely watched consumer price index (CPI) report, which is expected to show a modest increase of 0.2% month-over-month.Powered by Capital Market - Live

Net profit of FSN E-Commerce Ventures rose 192.12% to Rs 9.64 crore in the quarter ended June 2024 as against Rs 3.30 crore during the previous quarter ended June 2023. Sales rose 22.81% to Rs 1746.11 crore in the quarter ended June 2024 as against Rs 1421.82 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1746.111421.82 23 OPM %5.505.17 - PBDT82.1461.64 33 PBT22.089.72 127 NP9.643.30 192 Powered by Capital Market - Live

FSN E-Commerce Ventures has allotted 166,550 equity shares under ESOS on 07 August 2024. Powered by Capital Market - Live

FSN E-Commerce Ventures will hold a meeting of the Board of Directors of the Company on 13 August 2024.Powered by Capital Market - Live