Nykaa Stake Sale: In the online retailer Naika’s parent company FSN E-Commerce Ventures LTD can sell 1.6 crore shares through block deals. Moneycontrol has come to know from sources that the Banga family can sell about 2 percent out of more than 4 percent stake in them. Famous Harinderpal Banga alias Harry Banga in the name of shipping tycoon is part of this family. The total value of the deal can remain $ 150 million (about 1200–1300 crore rupees).
The Caravel Group owned by this family is a global name. Hong Kong based this group does business in resources trading, maritime services and asset management. One of the sources said that the Banga family would sell about 2 percent stake in NYKAA. The remaining 2-2.5 percent stake will retain. The family is one of the early investors of Nike.
The Banga Family invested in FSN E-Commerce Ventures in 2014 and bought shares when the company’s net worth was only $ 2 million. Now its net worth is around $ 70 million. This means that the Banga family has made strong profits.
Jerk Share climbed by 2 percent
According to the information, shares can be sold at 4-5 percent discount from the price of July 2. Naika’s stock on BSE closed over 2 percent to close at Rs 211.80. The company’s market cap is Rs 60500 crore. The company had a 52.16 percent stake in the company till the end of March 2025.
According to Traxon, which provided data from private markets, Banga Family once stakes 6.4 percent in Naika. But it has reduced the stake earlier as well. In 2024, it sold shares worth Rs 809 crore in Nike at a price of Rs 198 per share.
Share climbed 18 percent in 6 months
According to BSE data, Nike shares grew more than 40 percent in 2 years and about 28 percent in 6 months. In the last 3 months, the price has risen 18 percent and about 8 percent in 2 weeks. The company had a 52.16 percent stake in the company till the end of March 2025. The face value of the stock is Rs 1. The company was listed in the stock markets in November 2021. Its IPO of Rs 5,349.72 crore was filled 81.78 times.
Talking about the trend of brokerage, CITI has given a target price of Rs 160 per share with ‘SAIL’ rating for Naika’s share. HSBC has set a target of Rs 200 per share with ‘hold’ rating, Nomura with ‘Neutral’ rating, while Nuwama set a target of Rs 235 per share with ‘bye’ rating. CLSA has given a target price of Rs 229 per share with the ‘outperform’ rating.
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Profit in March 2025 quarter
FSN E-Commerce Ventures had a net consolidated profit of Rs 20.28 crore in the January-March 2025 quarter. This is 192.6 percent more than the profit of Rs 6.93 crore a year ago. Consolidated revenue from operations increased by 23.6 percent to Rs 2,061.76 crore on an annual basis. It was Rs 1,667.98 crore in the March 2024 quarter. Ebitda rose 43% to Rs 133 crore on an annual basis. The Ebitda margin increased from 5.6% to 6.5%.
Consolidated revenue from the company’s operations in the entire financial year 2024-25 was Rs 7,949.82 crore. It was Rs 6,385.62 crore a year ago. Pure consolidated profits were recorded at Rs 66.08 crore, which was Rs 32.26 crore in FY 2024. Ebitda rose 37% to Rs 474 crore. The Ebitda margin was 6%, which was 5.4% in FY 2024.
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