Page 11 - Commerce Ventures News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Brokerages have maintained their ratings and target prices on FSN E-Commerce Ventures, the parent company of Nykaa, after the fashion and beauty online retailer posted in-line numbers during the October-December quarter (Q3) of financial year 2023-24 (FY24). They have, however, cut earnings before interest, tax, depreciation, and amortisation (Ebitda) estimates after weak demand weighed across line items in Q3. 'While revenue growth was healthy at 22 per cent year-on-year (Y-o-Y), gross margins declined 90 basis points (bps), weighed by higher discounting in own brands and lower ad income.

With an increase in MF holding by 88.3 million shares, HDFC Bank topped the list. MFs held 1.36 billion shares of the private sector lender as of January 31, 2024

Growing middle class on V-day splurges on retail platforms, dining in glitzy restaurants and cafes Read more at straitstimes.com.

Increased spending reflects rising income levels and changing cultural trends in India

FSN E-Commerce Ventures Q3 FY24 Results Live: Revenue increased by 22.28% YoY & profit increased by 97.56% YoY