FSN E-Commerce Ventures (NYKAA) Q4 19/20 earnings summary

Executive summary

• FY20 standalone revenue was ₹23,462.85 lakh and net profit was ₹1,506.91 lakh, versus ₹11,925.91 lakh and ₹78.19 lakh in FY19.

• Net owned funds reached ₹41,887.43 lakh at March 31, 2020, up 42.8% YoY.

Financial highlights

• Standalone total expenditure was ₹21,287.20 lakh in FY20 versus ₹11,968.17 lakh in FY19.

• Consolidated loss after tax was ₹2,643.03 lakh in FY20 versus ₹2,299.95 lakh in FY19.

• No dividend was recommended on equity or preference shares for FY20.

Outlook and guidance

• OCRPS conversion into one equity share each is conditional on continued employment for four years and consolidated net revenue of ₹6,500 crore by FY24; conversion may occur from April 1, 2024.

• The OCRPS have a five-year tenure; redemption at issue price may apply if employment ends within four years or the FY24 revenue threshold is not met.