Nykaa Share Price in Focus on Mar 7; Increases Stake in Dot & Key to 90%

FSN E-Commerce Ventures Ltd (NSE: NYKAA) has been in focus on Friday. On March 7, 2025, Nykaa share price opened at ₹172.00, up from its previous close of ₹168.76. At 10:43 AM, the share price of Nykaa was trading at ₹167.00, down by 1.04% on the NSE.

Recent Developments

As per news reports, Nykaa has announced an increase in its stake in Dot & Key Wellness from 51% to 90% in a ₹265.3-crore cash deal. The acquisition involves purchasing 5,29,286 equity shares from the promoters and existing shareholders of Dot & Key. With this transaction, Dot & Key will continue to operate as a subsidiary of FSN E-Commerce.

Dot & Key, incorporated on March 16, 2020, is engaged in the manufacturing and distribution of pharmaceuticals, Ayurveda, homeopathy, cosmetics, and skincare products.

FSN E-Commerce has also acquired an additional stake in Earth Rhythm for ₹44.5 crore. Earth Rhythm, established on October 13, 2020, is a personal care brand specialising in sustainable and nontoxic beauty products.

Q3 FY 2025 Financial Highlights

Revenue from operations increased by 27% YoY to ₹22,672 million in Q3 FY25, while net profit for the period rose 51% YoY to ₹264 million.

About FSN E-Commerce Ventures Ltd

FSN E-Commerce Ventures Ltd, widely known as “Nykaa,” is a digital-first consumer technology platform offering a content-driven lifestyle retail experience. The company features a diverse range of beauty, personal care, and fashion products, including its own manufactured brands.

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