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FMCG shares jumped after declining in the past four trading sessions.
At 14:28 IST, the barometer index, the S&P BSE Sensex, declined 177.10 points or 0.22% to 81,273.91. The Nifty 50 index fell 47.80 points or 0.20% to 24,701.70.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.51% and the S&P BSE Small-Cap index added 0.42%.
The market breadth was positive. On the BSE, 2,064 shares rose and 1,992 shares fell. A total of 186 shares were unchanged.
Economy:
India's GDP growth touched a four-quarter high of 7.4% in Q4 FY25, with full-year growth ending at 6.5%, according to data released by the government post-market hours Friday. The GDP growth, higher than the previous quarter's 6.4%, was lower than the 8.4% growth logged in Q4 FY24.
Meanwhile, India’s fiscal deficit for FY25 stood at 4.8% of GDP, meeting the revised estimate, according to data released by the Comptroller General of Accounts on Friday. The central government’s fiscal deficit stood at Rs 15.77 lakh crore, or 100.5% of the revised annual target, compared with 95.4% a year before.
Further, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) declined to 57.6 in May 2025, down from 58.2 in April 2025, highlighting the weakest improvement in operating conditions since February. The headline figure was nevertheless well above both the neutral mark of 50.0 and its long-run average of 54.1.
Panelists suggested that demand strength continued to support sales and production, though competition, inflation, and the India-Pakistan conflict had reportedly weighed on growth.
Buzzing Index:
The Nifty FMCG index added 0.68% to 55,661.30. The index fell 3.1% in the past four trading session.
Godrej Consumer Products (up 2.76%), Patanjali Foods (up 2.33%), Britannia Industries (up 1.72%), United Breweries (up 1.71%), Varun Beverages (up 1.36%), United Spirits (up 1.35%), Tata Consumer Products (up 1.16%), Hindustan Unilever (up 0.92%), Colgate-Palmolive (India) (up 0.64%) and Radico Khaitan (up 0.48%) advanced.
Numbers to Track:
The yield on India's 10-year benchmark federal paper added 0.27% to 6.227 from previous close of 6.200.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.4175, compared with its close of 85.5550 during the previous trading session.
MCX Gold futures for 5 August 2025 settlement rose 1.53% to Rs 97,345.
The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.51% to 98.82.
The United States 10-year bond yield added 0.72% to 4.447.
In the commodities market, Brent crude for August 2025 settlement rose $1.76 or 2.80% to $64.54 a barrel.
Stocks in Spotlight:
NMDC shed 0.20%. The company has reported a 89.31% rise in iron ore production in May 2025 to 4.43 million tonnes (MT), compared to 2.34 MT recorded in the same month of the previous year.
FSN E-Commerce Ventures (Nykaa) declined 4.35% after the company’s consolidated net profit fell 22.36% to Rs 20.28 crore on 9.06% fall in revenue from operations to Rs 2,061.76 crore in Q4 FY25 over Q3 FY25.
Profit before tax (PBT) stood at Rs 39.55 crore in Q4 FY25, rising 102.2% YoY while declining 11.24% QoQ.
EBITDA stood at Rs 133 crore in Q4 FY25, recording the growth of 43% compared with Rs 93 crore in Q4 FY24. EBITDA margin improved 88 bps to 6.5% in Q4 FY25 as against 5.6% in Q4 FY24.
Gross merchandise value (GMV) jumped 27% to Rs 4,102 crore in Q4 FY25 compared with Rs 3,217 crore in Q4 FY24.
Revenue from beauty segment jumped 25% to Rs 1,895 crore in Q4 FY25, compared with Rs 1,519 crore posted in Q4 FY24, GMV stood at Rs 3,058 crore in Q4 FY25, up 31% YoY.
In Q4 FY25, revenue from fashion segment stood at Rs 161 crore, up 11% compared with Rs 145 crore posted in same quarter last year. GMV jumped 18% YoY to Rs 1,037 crore in Q4 FY25.
On full year basis, the company’s consolidated net profit soared 104.8% to Rs 66.08 crore on 24.5% increase in revenue from operations to Rs 7,949.82 crore in FY25 over FY24.
Meanwhile, the company announced the demerger of its eB2B business from FSN Distribution to Nykaa E-Retail, both wholly owned subsidiaries of FSN E-Commerce Ventures.
The demerger was initially announced in February 2024 and received approval from the NCLT on 9 May 2025. This move consolidates Nykaa’s online beauty businesses under a single entity, creating a more agile and synergistic structure. It brings together businesses with shared physical and technological infrastructure, common brand partnerships, and overlapping product portfolios—unlocking significant operational and commercial benefits. This is a pivotal step in Nykaa’s strategy to strengthen its leadership across the entire addressable beauty market in India, spanning online, offline, and unorganized retail channels.
Further, the company announced the merger of Iluminar Media (LBB) into Nykaa Fashion, both wholly owned subsidiaries of FSN E-Commerce Ventures.
The merger proposal was announced during the company’s Q4 FY2024 earnings call in May 2024 and received approval from the NCLT on 27 May 2025. FSN E-Commerce Ventures had acquired a 100% stake in LBB in August 2022. This integration consolidates Nykaa’s content creation and events businesses under a single entity. By incorporating LBB’s content platform, Nykaa significantly enhances its 360-degree marketing engine—empowering both the company and its brand partners across platforms. This strategic move reinforces the Group’s commitment to delivering rich, content-led consumer experiences at every touchpoint.
FSN E-Commerce Ventures (Nykaa) journey began in 2012 as a digital-first, consumer tech beauty company. It has expanded its offerings to include fashion and B2B, launching platforms such as Nykaa Fashion, Nykaa Man, and Nykaa Superstore.
For the full year,net profit rose 104.77% to Rs 66.08 crore in the year ended March 2025 as against Rs 32.27 crore during the previous year ended March 2024. Sales rose 24.50% to Rs 7949.82 crore in the year ended March 2025 as against Rs 6385.63 crore during the previous year ended March 2024.
EBITDA stood at Rs 133 crore in Q4 FY25, recording the growth of 43% compared with Rs 93 crore in Q4 FY24. EBITDA magin improved 88 bps to 6.5% in Q4 FY25 as against 5.6% in Q4 FY24.
The counter fell 0.68% to settle at Rs 203.25 on Friday, 30 May 2025.