FSN E-Commerce Ventures announced that Nessa International Holdings, a step-down subsidiary of the Company, has incorporated a new Wholly Owned Subsidiary in Kuwait by the name `Nysaa International for Wholesale and Retail Trade`.Powered by Capital Market - Live News

FSN E-Commerce Ventures (NYKAA) has announced the appointment of Santosh Desai as an Independent Director on its Board, effective 15 July 2024, for a period of three years, subject to the approval of shareholders. Santosh served as the CEO of Future Brands for nearly 17 years. He has also served as the President of McCann, one of India`s premier advertising agencies. Having spent over two illustrious decades in advertising, he has been involved in strategically building key brands for numerous local and multinational organizations. Today, he is considered a thought leader in the Indian `consumer brand` space.Santosh is currently serving on the boards of Think9 Consumer Technologies, Dainik Jagran Group and Breakthrough. He is also a member of the Governing Councils of Mudra Institute of Communication, Ahmedabad & Praxis Business School, Kolkata. He has earlier served on the boards of ING Vysya Bank and OXFAM India.Powered by Capital Market - Live News

Net profit of FSN E-Commerce Ventures rose 187.55% to Rs 6.93 crore in the quarter ended March 2024 as against Rs 2.41 crore during the previous quarter ended March 2023. Sales rose 28.14% to Rs 1667.98 crore in the quarter ended March 2024 as against Rs 1301.72 crore during the previous quarter ended March 2023.For the full year,net profit rose 67.55% to Rs 32.27 crore in the year ended March 2024 as against Rs 19.26 crore during the previous year ended March 2023. Sales rose 24.14% to Rs 6385.63 crore in the year ended March 2024 as against Rs 5143.80 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1667.981301.72 28 6385.635143.80 24 OPM %5.595.43 -5.424.98 - PBDT79.2161.67 28 293.26211.65 39 PBT19.568.63 127 69.0338.40 80 NP6.932.41 188 32.2719.26 68 Powered by Capital Market - Live News

FSN E-Commerce Venture has allotted 1,55,850 equity shares under ESOP on 10 May 2024. Powered by Capital Market - Live News

FSN E-Commerce Ventures will hold a meeting of the Board of Directors of the Company on 22 May 2024Powered by Capital Market - Live News