Nykaa Fashion shares operator FSN E-Commerce Ventures will probably react to its December quarter earnings on February 13.

Indian beauty and individual care e-commerce Company noted a 71% decay in net profit to Rs 8.5 crore in Q3FY23 from Rs 29 crore a year earlier.

However, the company’s income from processes surged 33% year to Rs 1,463 crore, up after Rs 1,098 crore in Q3FY22. Expenses for the quarter also amplified 36% on-year to Rs 1,455 crore.

While Goldman Sachs kept a ‘neutral’ score with a target of Rs 200 per share, it was astounded by the hastening in fashion progress while negatively stunned by the BPC (beauty and personal care) section.

The research firm dropped its revenue estimates for FY23-25 by up to 4%, with shriller EBITDA cuts at 14% to 28%, as Nykaa’s profits were below prospects due to lower gross limits and higher-than-expected devotes on the eB2B (e-commerce business to business) upright.

Jefferies sustained to uphold a ‘buy’ rating on the stock with a board of Rs 200 per share. The firm was renowned that Q3 gross commodities value growth was led by fashion and other groups, while a high base and weak macro situations wedged BPC.

The firm empirical that Nykaa’s revenue was mainly in-line, but gross limitations were below prospects due to mediocre product mix, overlooking, and down trading. Operating leverage facilitated Nykaa to bang an EBITDA margin in-line with potential. It is enduring to participate in its eB2B business, offline extension, and own label contributions.