FSN E-Commerce shares fall post hitting 52-week high despite Q1 results
The parent company of Nykaa reported a 226% y-o-y jump in net profit to ₹80 crore in Q1FY27, while revenue from operations rose 29% y-o-y to ₹2,782 crore
FSN E-Commerce Ventures' shares experienced a 4% decline despite reaching a 52-week high, following a robust Q1 earnings report. The company's stock traded at ₹329.25 on the NSE, marking a 1.6% increase from the previous close of ₹342.50. In Q1FY27, FSN E-Commerce reported a staggering 226% increase in net profit to ₹80 crore, while revenue from operations grew 29% year-over-year to ₹2,782 crore.
Analysts from Nomura and Jefferies both maintained buy ratings with target prices of ₹411 and ₹400, respectively, citing strong growth and margin levers. HSBC also opted for a buy rating at ₹380, citing impressive GMV growth in beauty, fashion, and house of brands segments. CLSA retained an outperform rating with a target price of ₹376, attributed to a 29% year-over-year revenue growth and an expanded EBITDA margin of 196 basis points year-over-year.
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