Nykaa’s bonus shares record date nears; last few days to buy for bonus shares

Shares of FSN E-Commerce Ventures will trade ex-bonus with respect to its bonus shares on November 10, 2022.

Last month, the fashion e-commerce company announced a 5:1 bonus share issue wherein investors will get five additional shares for every one share held by the investors. The record date for determining the shareholders’ eligibility has been fixed as November 11.

This implies shareholders who have shares of as on the record date i.e. November 11, 2022, in their demat account will be eligible for the bonus share issue.

In the September quarter, the beauty major logged a 344% year-on-year (YoY) increase in net profit at Rs 5.2 crore, while the company’s revenue from operations surged 39% YoY to Rs 1230.8 crore.

"During the quarter, we continued to demonstrate strong GMV growth with improvement in gross margin, efficiency in fulfilment and marketing cost lead to improvement in EBITDA margin YoY," Nykaa said in an exchange filing.

Last, the shares of Nykaa traded higher by over 2% at Rs 1130.55 per share on BSE on Monday.