FSN E-Commerce Ventures Limited CC-Dec24.pdf · 2025-02-10
Good numbers overall. But just a quick question. With Shein coming in, what would be the impact on the fashion brand considering it seems like there would be very high competition?
Then a follow -up question. Your Beauty business is clearly doing well. You have high gross margins, and you are making good profit. It seems like the EBITDA as well as the bottom line is not growing as fast, right? Or it is growing fast in comparison to your Y -o-Y numbers. And this primarily looks like that most of the expense are going on the marketing side to grow the other business, right? When do you see normalized marketing expense? Or do you see marketing expense continue to go up as you ramp up other businesses? And that would be all.