FSN E-Commerce Ventures share price: Should you buy or sell Nykaa stock after Q4 results?

Stock Market Today: FSN E-Commerce Ventures share price declined more than 3% during the intraday trade on Monday, June 2, after results that were declared after the market hours on Friday.

The fall came despite the company reporting a nearly three-fold jump in its Q4FY25 consolidated net profit to ₹20.28 crore against a profit of ₹6.93 crore in the corresponding quarter of the previous financial year.

However, sequentially, or quarter-on-quarter (QoQ), the company's profit declined 22.36% as in Q3FY25, its profit stood at ₹26.12 crore.

Consolidated revenue from operations during the quarter under review rose 23.61% YoY to ₹2,061.76 crore compared to ₹1,667.98 crore in Q4FY24, but decreased by 9% QoQ against ₹2,267.21 crore in Q3FY25.

Nykaa Q4 Results: Analyst Views

Analysts believe Nykaa saw a strong finish for the financial year 2024-25.

Nykaa reported a solid fourth quarter, with management highlighting a steady GMV (Gross Merchandise Value) increase in BPC (Beauty and Personal Care) of almost 30% during the financial year, Jefferies India said. 

“The fashion segment grew as well. Net earnings more than doubled, and EBITDA increased by 43% year-over-year. FY25 growth was broad-based: strong ATU (Awareness, Trial, and Usage) trends, brand partnerships, store performance, etc. Management also sounded positive on its house of brands strategy,” as per Jefferies.

Jefferies maintained its ‘buy’ rating on Nykaa stock, with a price target of ₹240.

Meanwhile, domestic brokerage Nuvama Institutional Equities said that while the BPC segment continued to deliver healthy growth with better profitability, revival in the fashion business remains a key monitorable, given the heightened competitive intensity across the industry. 

“We continue to expect improvement in profitability on the back of lower losses in the fashion and eB2B segments,” it added. Nuvama has a ‘buy’ rating on Nykaa stock, with a target price of ₹235.

FSN E-Commerce Ventures share price: Technical view

Nykaa is developing a large IPO base cup and handle pattern, now stretching over 138 weeks, as per Anshul Jain, Head of Research at Lakshmishree Investments. 

“The breakout pivot is placed above ₹230, with the stock currently moving towards the crucial 225–230 zone. The long base formation reflects steady accumulation and digestion of prior supply. A successful breakout above ₹230 can trigger a fresh bullish phase, offering significant upside potential. Traders should closely watch price action near the breakout zone for confirmation,” added Jain.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Anshul Jain, Head of Research at Lakshmishree Investments+