FSN E-Commerce Ventures Ltd., the parent company of the listed beauty e-tailer saw a year-on-year growth of 63% in gross merchandise value (GMV) while the company registered 10% sequential quarter-on-quarter growth in the period ended September 30, 2021, as per filings made to the stock exchanges on Sunday evening.

For the same period, its consolidated revenue from operations grew 47% year-on-year to Rs 885.30 crore, from Rs 603.8 crore last year. Its sequential growth, ie, quarter-on-quarter stood at 8%, while it earned Rs 817 crore for the quarter ended June 30, 2021. Its Benefit After tax for the second quarter of FY12 fell to Rs 1.2 crore as against Rs 27 crore.

For the half year ended September 30, 2021, the company’s revenue grew by 91% to Rs 1,702.3 crore as against Rs 8,924 crore in the same period last year.

However, its earnings before interest, tax, depreciation and amortization or Ebitda stood at Rs 28.8 crore for the quarter ended September 30, 2021, down 48% from Rs 55 crore in the same period last year.

In an interview with ET last week, following its bumper listing, the founder and CEO of Nykaa
Said the company will continue to focus on growth in the beauty and fashion businesses.

“This is a multi-year journey and we are confident that we will continue to grow both our beauty and fashion businesses manifold over the next five years. Similarly,
The house of brands will also continue to grow, as we become like a consumer company with multiple brands. We are also setting up our e-B2B (business-to-business) vertical – a super store where we will sell beauty products to retailers.”

The fashion business for the quarter ended September 30, 2021 grew at a faster clip registering a year-on-year growth of 295% to Rs 11.5 crore as against Rs 2.9 crore in the same period last year. Fashion, however, was smaller than the beauty business, with revenue of Rs 22 crore at Rs 17.1 crore in Q2FY21, a 29% year-on-year growth. On a sequential basis, compared to the June quarter, there was an increase of 3% for beauty and 16% for fashion, the filing shows.

The company’s total gross trading value for the quarter ended September 30, 2021 stood at Rs 1,622.9 crore as against Rs 997.1 crore in the same period last year, a jump of 63%. The growth rate on a sequential basis was 10%.