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Nykaa to acquire balance 40% stake in Nudge Wellness for Rs 15 lakh - The Economic Times
Economic Times
·
24d ago
Medial
Nykaa is acquiring the remaining 40% stake in nutrition brand Nudge Wellness for Rs 15 lakh, following its initial 60% acquisition for Rs 3.6 crore in 2022. This transaction, approved in August 2025, will grant Nykaa full ownership of Nudge Wellness. Nykaa's parent company, FSN E-Commerce, reported a 79% increase in consolidated net profit, reaching Rs 24 crore, with a 23% rise in quarterly revenue to Rs 2,155 crore compared to the previous year.
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Related News
Nykaa doubles quarterly profit, increases investment in Dot&Key and Earth Rhythm
YourStory
·
1y ago
Medial
E-commerce company Nykaa, known for its cosmetics and fashion offerings, reported a 120% increase in quarterly profit after tax. The company's parent firm, FSN E-Commerce Venture, saw a profit of Rs 14.24 crore during Q1, compared to Rs 6.45 crore in the same period last year. Nykaa also disclosed its intention to acquire an additional 39% stake in skincare brand Dot & Key Wellness Pvt. Ltd., as well as invest in Earth Rhythm Pvt. Ltd., a brand selling non-toxic and sustainable beauty products.
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Nykaa profit soars 80% to Rs 24.5 Cr in Q1 FY26
Entrackr
·
24d ago
Medial
Online beauty and fashion platform Nykaa reported strong growth in Q1 FY26, with its revenue from operations rising 23% year-on-year and profits surging nearly 80% during the quarter ending June 2026. According to its financial statements sourced from the National Stock Exchange (NSE), Nykaa's revenue from operations grew to Rs 2,155 crore in Q1 FY26, compared to Rs 1,746 crore in Q1 FY25. On a quarter-on-quarter basis, Nykaa’s operating revenue increased 5% to Rs 2,155 crore in Q1 FY26 from Rs 2,061 crore in Q4 FY25. The beauty segment accounted for 92% of the total revenue at Rs 1,975 crore, while the fashion segment contributed 8% of the operating income in the Q1 FY25. For Nykaa, the cost of materials constituted 56% of its total expenditure, rising to Rs 1,193 crore in Q1 FY26. Additional spending on employee benefits, finance, marketing, technology, and other overheads brought the company’s total costs to Rs 2,120 crore during the quarter. Steady growth in its scale helped Nykaa achieve nearly 80% increase in profit to Rs 24.5 crore in Q1 FY26, compared to Rs 13.64 crore in Q1 FY25. The Nykaa board has approved acquiring the remaining 40% stake in Nudge Wellness for Rs 0.15 crore, making it a wholly owned subsidiary. It has also approved additional share purchases in Earth Rhythm, increasing its stake to 75.83%. At the close of today's trading session, Nykaa's stock was priced at Rs 205.7, giving the company a market capitalization of Rs 58,828 crore (approx $6.7 billion).
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FirstCry’s GlobalBees takes full control of Cloud Lifestyle with Rs 60.29 lakh stake buy - The Economic Times
Economic Times
·
22d ago
Medial
GlobalBees, a subsidiary of Brainbees Solutions (parent company of FirstCry), acquired an additional 10% stake in Cloud Lifestyle Pvt Ltd for Rs 60.29 lakh, making it a wholly owned subsidiary. Cloud Lifestyle, established in 2017, focuses on personal care, beauty, and wellness products, and recorded a turnover of Rs 55.35 crore in FY25. Despite legal challenges, GlobalBees saw a 31% increase in operating revenue, while FirstCry reported a widened net loss for the quarter ending March 31.
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Elevation Capital sells Rs 226 crore worth shares in Ixigo parent Le Travenues Technology - The Economic Times
Economic Times
·
1m ago
Medial
Elevation Capital sold Rs 226 crore worth of shares in Ixigo's parent, Le Travenues Technology, reducing its stake to 6.45%. Schroder International Selection Fund acquired these shares, now holding a 5% stake. Previously, Elevation sold 53.9 lakh shares for Rs 97.4 crore and 21.5 lakh shares for Rs 38.27 crore. The firm's operating revenue grew 73% in a year, with Ixigo reporting a net profit increase of 27% to Rs 19 crore.
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Nykaa allots 90.5K shares under ESOP scheme
Entrackr
·
6m ago
Medial
Nykaa allots 90.5K shares under ESOP scheme Beauty and personal care marketplace Nykaa has allotted 90,500 equity shares under the company's Employee Stock Option (ESOP) Scheme. The allotted ESOPs amount to a total of Rs 1.49 crore, based on the company’s opening price of Rs 165 per share on the NSE on Monday. "The allotted equity shares shall rank pari-passu with the existing equity shares of the company in all respects," Nykaa stated in a regulatory filing. In November 2023, the company allotted 1.80 lakh equity shares under its Employee Stock Option Scheme. Before that, it allotted 3.08 lakh equity shares under ESOP in October 2024, bringing the cumulative allotment for the December quarter to about 4.8 lakh shares. Nykaa's Q3 FY25 revenue from operations grew to Rs 2,267 crore, up from Rs 1,789 crore in Q3 FY24. The beauty segment contributed 90.9% of total revenue at Rs 2,060 crore, while the fashion segment accounted for 8.8% of operating income. Steady business growth helped Nykaa post a 51.7% increase in profit, reaching Rs 26.4 crore in Q3 FY25, compared to Rs 17.4 crore in Q3 FY24. Nykaa acquired a majority stake in Earth Rhythm after initially investing as a minority stakeholder in 2022. This was achieved through a mix of primary and secondary transactions. Additionally, Nykaa raised its stake in its subsidiary Dot & Key to 90% with an investment of Rs 265.3 crore.
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ADIA exits One MobiKwik Systems; sells entire 2.1% stake for Rs 39 crore - The Economic Times
Economic Times
·
4d ago
Medial
Abu Dhabi Investment Authority (ADIA) sold its 2.10% stake in One MobiKwik Systems, equivalent to over 16.44 lakh shares, for Rs 39 crore via an open market transaction. The shares were sold at an average price of Rs 238.45 each. Following the divestment, shares of One MobiKwik rose 8.12% to close at Rs 237.74 on the NSE. In the same transaction, BofA Securities Europe SA and SI Investments Broking Pvt Ltd purchased a combined 9 lakh shares.
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Nykaa to pump in INR 150 Cr in its fashion vertical amid rising competition
Inc42
·
1y ago
Medial
Beauty and fashion e-commerce major Nykaa is planning to invest an additional INR 150 Cr in its fashion vertical, Nykaa Fashion Ltd. This strategic investment aims to provide long-term funds to Nykaa Fashion. Along with this, Nykaa will also acquire the lingerie and athleisure business from Nykaa Fashion for INR 229 Cr. The company reported a more than doubled net profit of INR 17.4 Cr in Q3 FY24, while its fashion vertical saw a 40% year-on-year growth in gross merchandise value. Nykaa faces competition from Myntra, Ajio, and Tata CliQ in the fashion e-commerce market.
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Government e-Marketplace surpasses Rs 15 lakh crore cumulative GMV - The Economic Times
Economic Times
·
11d ago
Medial
The Government e-Marketplace (GeM) has achieved a significant milestone by surpassing Rs 15 lakh crore in gross merchandise value since its launch in 2016. This reflects growing trust in its transparent procurement ecosystem. GeM has become a robust digital platform connecting diverse sellers, including Micro and Small Enterprises (MSEs), startups, and women-led businesses, with government buyers. Initiatives like SWAYATT have further empowered women and youth in public procurement, promoting entrepreneurship and equitable growth.
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Analysts expect festive online sales to grow 30% after GST relief - The Economic Times
Economic Times
·
20h ago
Medial
Ecommerce sales in India are expected to grow by up to 40% during the festive season following GST rate cuts on items like footwear and apparel. Amazon's Great Indian Festival and Flipkart's Big Billion Days sale are anticipated to drive significant consumer demand, particularly in electronics and appliances. Analysts foresee a 50-60% increase in electronics sales, while overall online transactions could surpass previous forecasts, reaching a record Rs 1.2 lakh crore, marking a substantial annual growth.
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Beauty retailer Nykaa grants 4.05 lakh ESOPs ahead of quarterly results
YourStory
·
1y ago
Medial
Nykaa, the beauty and wellness ecommerce company, has granted 4.05 lakh stock options to employees under its ESOP scheme. The value of the stock options is around INR 7.13 crore, based on the current trading price of INR 176 per share. The parent company, FSN E-Commerce Ventures, is set to report its Q4 2024 financial results soon. Nykaa had introduced its ESOP scheme in October 2022, following a trend among newly-public unicorns like Zomato to attract and retain talent through employee stock options.
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