Nykaa
JM Financial raises Nykaa's target price to Rs 250 on growth prospects and profitability improvements
JM Financial has reiterated its 'Buy' rating on Nykaa, raising the target price to Rs 250, reflecting a 15% upside from the previous day's Rs 217 closing price. The upgrade is driven by Nykaa's strong FY24 performance and strategic market positioning.
Nykaa shares rally 20% in 1 month. Is your portfolio ready for a makeover?
Shares of FSN E-Commerce Ventures, the parent company of Nykaa, have rallied sharply, surging 20% over the past month, with an 11% increase occurring in the last week alone. Investor enthusiasm grew after the company reported a profit of Rs 13.64 crore for the first quarter ending June 2024, marking a 152% year-on-year increase.
Harindarpal Singh Banga to sell 1.4% stake in Nykaa for Rs 809 crore
As outlined in the bankers' term sheet, the Bangas intend to sell 4.09 crore shares at a floor price of Rs 198 per share, representing a 5.9% discount to Thursday’s closing price of Rs 210.
Nykaa shares rise 4% after 1.4% stake sale via block deal
Shares of FSN E-Commerce Ventures, Nykaa's parent company, rose 4% after Harindarpal Singh Banga and Indra Banga sold a 1.4% stake. The sale price was Rs 198 per share, a discount from Thursday's closing. Nykaa's shares have shown significant gains, rising by 23% this year and 60% over the past 12 months.
Stock Radar: NYKAA hits fresh multi-year high in August; should long term investors buy or book profits?
Nykaa Ltd, an e-commerce firm, has surged 20% in a month, reaching multi-year highs in August. Experts advise medium- to long-term traders to aim for above Rs 300 in the next 10-12 months. The stock recently broke out from a rounding bottom pattern and is trending above major moving averages, indicating sustained momentum.
Big movers on D-Street: What should investors do with ICICI Securities, Reliance Power and Nykaa?
The equity indices rose on Wednesday, buoyed by FMCG, consumer durables, and healthcare sectors with strong domestic institutional support. ICICI Securities dropped 7.52%, while Reliance Power climbed 5% and Nykaa soared 9.65%. Analysts suggest focusing on key support and resistance levels for these stocks to harness potential gains.
Stocks in news: Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro
Stocks in news: Domestic markets ended slightly higher on Thursday in a lackluster session. Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro, along with other notable companies will be in focus due to significant news, including stake sales, GST orders, acquisitions, partnerships, and bonus issues.
Nykaa shares skyrocket 19% in biggest intraday surge, hits new all-time high
Shares of FSN E-Commerce Ventures, the parent of Nykaa, surged 19% to an all-time high, recovering from a two-day slump. This rise comes before their AGM on September 18. Nykaa’s quarterly net profit saw a 152% increase. The board approved further acquisitions and investments, reflecting strong investor confidence.
Nykaa shares jump 6% after Q1 PAT soars 152% YoY. Should you invest?
Nykaa Share Price: Nykaa saw its shares rise by 6% after reporting a 152% year-on-year increase in net profit for June 2024, reaching Rs 13.64 crore. Revenue for the quarter was Rs 1,746.11 crore, up 23%. The board also approved further stakes in Dot & Key Wellness and investment in Earth Rhythm, boosting its business strategy.
New age firms' 29% Q1 revenue growth beats BSE 500, 1-yr stock returns better too
New age companies showed strong performance in the April-June quarter, with an average 29% YoY revenue growth, led by Zomato. Paytm was an outlier, with a 36% decline. Newly listed firms including Unicommerce, Ola Electric, and Firstcry attracted considerable investor interest and delivered notable gains, reflecting a changing market sentiment.
Technical View: A decisive move-up could take Nifty past 25,200
Last week, the Nifty index exhibited a choppy but positive trend, with potential gains towards 25,100-25,200. Analysts noted important support levels and recommended buying opportunities during minor dips. Stocks such as ICICI Bank, Nykaa, Sun Pharma, and Bajaj Auto showed positive momentum. Investors were advised to cautiously maintain and seek long positions.
Q1 results this week: HAL, Ola Electric, Vodafone Idea, IRFC, and Nykaa among 85 companies to announce quarterly earnings
Several widely followed companies, including Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric will be releasing their June quarter report cards this week. Here’s the list:
Q1 results today: Hindalco, Nykaa among 660 companies to announce earnings on Tuesday
Q1 results today: Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance Technologies, Ipca Labs, NBCC (India), Godrej Industries among others will also declare their quarterly results
Sensex, Nifty off to a choppy start tracking global peers; all eyes on Powell speech
The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was down 7 points, or 0.03%, trading at 24,803 around 9:19 am.
Ola Electric surges over 80% since August 9 listing
Ola Electric Mobility's shares experienced an 82% increase since their August 9 market debut. Initially listed at ₹76, the stock rose to ₹157.4, driven by new vehicle introductions and institutional buying. Though analysts were skeptical, the long-term growth prospects have kept the stock buoyant.
Robust growth ignites rally in new-age stocks, 45% gains made in 6 months
New-age stocks surged recently, thanks to higher revenue growth and increased profitability through reduced spending. The ET E-commerce Index rose 45% in six months. Shares of Zomato, Paytm, and PB Fintech showed notable gains. Foreign institutional investors significantly increased their stakes, supporting the growth of these companies.
Sensex, Nifty open marginally higher tracking positive cues from global peers
U.S. producer prices increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing power for businesses, evidence of waning inflation pressures that reinforced hopes of an interest rate cut next month.
Hot stocks: Brokerage view on Hindalco, Hero Motocorp, Max Financial, Apollo Hospitals and Nykaa
Top brokerage firms shared their latest stock ratings: JP Morgan recommended Hindalco and Apollo Hospitals, highlighting robust expansions and increased occupancy rates. Goldman Sachs suggested selling Hero Motocorp due to revenue shortfalls. Jefferies and Investec advised buying Max Financial and Nykaa, seeing growth potential. Detailed analysis and future projections backed these recommendations.
Stocks in news: Vodafone Idea, Hindalco, Nykaa, Hero MotoCorp, Marico, Wipro
Jindal Stainless on Monday said it will manufacture customised stainless steel and speciality low-alloy steel sheets for defence projects of BrahMos Aerospace.
Ten self-made women who made it to the 2024 Hurun India Rich List
The 2024 Hurun India Rich List, released on Thursday, lists the top 10 self-made women in India, with Radha Vembu of Zoho leading at Rs 47,500 crore. Notably, Neha Bansal of Lenskart is the youngest self-made entrepreneur on the list.
Hindenburg vs Sebi among 6 factors to dictate Nifty mood this week
While there are no fresh allegations against the Adani Group, the shares of which recouped losses made in the aftermath of the Hindenburg crisis, the new report may impact investor sentiments.
What to do with SBI, RIL, Mazagon Dock and 4 other stocks? Aamar Deo of Angel One decodes
Further, the US Fed is of the view that it is an appropriate time to adjust its policy, as over the longer-term, the US inflation rate could further ease towards the 2% mark.
Three stock recommendations from Rajesh Palviya for next week
In the IT sector, TCS is a noteworthy focus. We anticipate a continuation of its rally and expect it to reach higher levels, making TCS an appealing option. Our target price for TCS is around 4650 on the upside. For those considering a long position, a stop loss of approximately 4390 is recommended, says Rajesh Palviya, Axis Securities
Avoid aggressive bets as markets may see volatility spike
Experts advised investors to exercise caution amid market instability. Nifty's potential downturn was linked to maintaining positions below 24,800 and VIX levels. Key stocks such as Nykaa, HDFC Bank, and Sun Pharma were highlighted. Important support and resistance levels were noted for Nifty, indicating potential market movements and recommended buying strategies.
Nykaa Q1 Results: Cons PAT soars 152% YoY to Rs 13.64 crore, revenue jumps 23%
Nykaa Q1 Results: FSN E-Commerce Ventures, the company behind Nykaa, announced a consolidated net profit of Rs 13.64 crore for the quarter ended June 30, 2024, marking a 152% increase from last year. Revenue rose to Rs 1,746.11 crore, up 23%.
Big movers on D-Street: What should investors do with KIMS, Nykaa and M&M?
Sensex and Nifty saw significant declines. Stocks KIMS (+3%), Nykaa (+0.11%), M&M (-6.69%). Analyst Viral Chheda from SSJ Finance recommends: KIMS bullish, needs close above 2360; Nykaa in rally since April 2023, consolidating 120-200; M&M facing profit booking after uptrend since November 2021. Trading resumes today. Source: Economic Times.
Block deals: Canada Pension Plan sells 0.5% in Nykaa for Rs 256 cr; Hema CIPEF offloads 0.46% in Mankind Pharma
Through the stake sale, Canada Pension Plan took home about Rs 256 crore. At the end of March quarter, it held 1.47% equity in the company. In separate deals, Capital group affiliate Hema CIPEF has sold 0.46% stake in Mankind Pharma for Rs 2,082 apiece, taking the total deal value to Rs 385 crore.
Nykaa Q1 Preview: PAT seen growing multifold; BPC, fashion to drive revenues
Nykaa Q1 Result Preview: FSN E-Commerce Ventures, which operates beauty and fashion omnichannel retailer Nykaa, is expected to report healthy revenues during the first quarter ended June 2024, driven by the BPC (beauty and personal care) and fashion businesses.
Top startup and tech stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories from this week. Let’s take a look.
Stocks in news: Nykaa, Adani Wilmar, Titan, Bandhan Bank, IndusInd Bank, Marico, Dabur
Markets uptrend; focus stocks: Nykaa, Adani Wilmar, Titan, Bandhan Bank, IndusInd Bank, Marico, Dabur, BigBloc Construction, Tinna Rubber and Infra, ASM Technologies. Punjab & Sind Bank to open 100 branches. PC Jeweller’s settlement approved. Tata Motors 5% growth. Union Bank and Bank of Baroda growth. AB Capital COO retires. Nykaa 22-23% revenue growth. Adani Wilmar 13% volume growth.
Buy FSN E-Commerce Ventures, target price Rs 250: JM Financial
FSN E-Commerce Ventures Ltd., incorporated in the year 2012, is a Small Cap company (having a market cap of Rs 61516.17 Crore) operating in Services sector.
From US listings to 'Ghar Wapsi': Why more tech cos are choosing Indian stock exchanges over US ones
Indian tech cos are focusing on reducing operational costs, securing investor exits, and listing on local stock exchanges. Previously favoring US listings for higher valuations, the trend is now shifting due to the strong performance of the Indian market. Founders are encouraged to consider reinstating in India despite the potential tax challenges.
Stocks in news: Nykaa, TCS, Tata Elxsi, Glenmark Life, YES Bank, Siemens
Markets fell half a percent. TCS, Tata Elxsi, Anand Rathi Wealth, and Akme Fintrade Q1 results are in focus. Canada Pension Plan sold Nykaa shares at Rs 174 apiece. Glenmark promoters to sell a 7.85% stake. Moody's affirmed YES Bank's Ba3 rating. Siemens and RVNL won the Bangalore Metro Rail Corp project. Kesoram posted a Rs 62 crore Q1 loss.
SoftBank’s Sumer Juneja on IPO gains; Tendulkar’s new innings
SoftBank’s Sumer Juneja spoke to us on listing gains snagged by their portfolio firms, fresh deals and more. Details on this in today’s ETtech Morning Dispatch.
FirstCry, Unicommerce soar on market debut; Nykaa Q1 profit up
Supam Maheshwari’s FirstCry and software firm Unicommerce listed at a significant premium on the bourses. This and more in today’s ETtech Top 5.
Nykaa’s Q1 net profit more than doubles to Rs 13.6 crore, operating revenue expands 23%
For FSN E-Commerce Ventures, which operates the beauty and fashion retail brand Nykaa, the fashion segment saw slower-than-expected growth despite the over 20% growth in revenue. The “anchor category” of Indian and ethnic wear fared poorly on a lack of events and festivals, and its western wear brands also had a “tough quarter”.
What should investors do with Paytm stock? Vinit Bolinjkar answers
I think this dip 500 to 525 seems to be a good enough price to get in. Company has adequate growth triggers in place and the business model is absolutely robust and stood the test of time. So, we remain convinced on the growth story of this company.
2 top stock recommendations from Aditya Arora
Once the index crosses 7,100, there could be momentum towards 7,200. As of now, we would expect that there is some time correction and price correction going on in Nifty PSU Bank Index.
Sandip Sabharwal on how to play the market amid extended valuations and global volatility
So, there are two plays. One, what has driven the speculative move in commodities? Has it been more about the dollar carry trade or the yen carry trade? So, it is a mixed picture. So, we cannot conclusively say at a time when China continues to slow down drastically and oversupply from China is coming into various commodity markets globally, the bigger impact is on chemicals, steel, etc. But in other metals also the impact is there. I do not expect a big rally in metals at this stage.
Introducing BEAUTY&YOU India 2024: A Program to discover and spotlight the next generation of India-focused Beauty Brands, Beauty Entrepreneurs and Creative Professionals.
The third edition of BEAUTY&YOU India will increase its support for beauty innovators, with new mentorship opportunities and a substantial prize pool of upto USD 500K
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 11.66 points up at 24823.15
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 11.66 points up at 24823.15
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 4.85 points up at 24816.35
Here's why media or exhibition stocks can be short-term tactical bets
So, we are really seeing a lot of these companies changing the business model and having a far faster path to profitability and low cash burn and hence as they are all sort of doing this, you are seeing the market starting to re-rate them.
Nykaa shares jump 3% as management remains positive on growth. Should you buy, sell or hold?
Shares of FSN E-commerce Ventures, Nykaa's parent company, rose 3% on BSE to Rs 176.60 after an investor meeting where management expressed confidence in business growth. They anticipate healthy GMV growth in BPC, targeting mid-to-high 20s over FY2024-28E. Fashion business is expected to break even by FY2026. GCC expansion may require $3-5 million in capex medium-term.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 71.36 points up at 24770.2
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 71.36 points up at 24770.2
3 sectors Rohit Srivastava is bullish on for near term
The only variation may be that okay within midcaps the argument that you have also probably been hearing is between some more expensive stocks, less expensive stocks and technically, we can filter that out by looking for where are the divergences? If there are any loss of momentum on weekly charts or monthly charts, those are areas where we can sort of avoid certain stocks.
Not worried about auto sector; market needs rate cut now: Andrew Holland
Andrew Holland says: “The market just came back to its senses, saying that, listen, there is nothing wrong with the economy. But the next phase is what is the Fed going to do because those worries will linger there. We have to see at least a 25 basis rate cut in September if not more but with the hints that there is going to be more throughout the year.”
Morgan Stanley sees 7-35% upside for new-age stocks
"We see macro factors aligning (multiple re-rating for growth stocks in India and other regions, tight PE/VC money keeping the competitive environment benign) with micro factors (strong execution reflected in market share gains, margin improvement driving profit upgrade cycle) and supporting share prices," said Morgan Stanley's analysts in a client note.
Q1 result season begins: 30 companies may report over 100% growth in profit
Nifty may report 4% Q1 earnings growth driven by BFSI, auto, metals, healthcare, and real estate, with Trent and Zomato showing significant consumption sector growth. Pharmaceuticals Glenmark Pharma and Laurus Labs have high growth, private and PSU banks lower. Motilal Oswal and Kotak predict 30 companies may report over 100% profit growth.
Ecommerce sales up 19% YoY in mid-year sales week of July 19-25
The health & nutraceuticals segment grew 78%, FMCG and agriculture 48% and beauty and personal care grew 21%. Major rival Flipkart had its Greatest of All Time (GOAT) sales from July 20 to July 25, while fashion and beauty marketplace Nykaa had its Hot Pink Sale between July 19 and July 28.
One can strike gold in pharma; consider Ola Electric after 6-9 months: Dipan Mehta
Dipan Mehta observed several improvements in the pharma sector, expressing optimism despite past challenges, and advised being overweight in pharma stocks. He also discussed concerns about Hero MotoCorp's sustainability despite current strong performance. Furthermore, Mehta advocated caution with new listings like Ola Electric, suggesting to wait for more quarterly results before investing.
Myntra appoints Amit Mahajan as VP of GenZ fashion vertical Fwd
Mahajan will help the company develop innovative merchandising approaches to attract Gen Z consumers. Mahajan has also held the position of senior vice-president and business head at apparel and accessories brand Bewakoof.
Introducing BEAUTY&YOU India 2024: Fueling Innovation in the Indian Beauty Landscape
BEAUTY&YOU India, by Estée Lauder and NYKAA, boosts India-focused beauty brands. Apply until August 29, 2024, for a $500k pool, mentorship, and bootcamp with Falguni Nayar, Sabyasachi Mukherjee, and Rohan Vaziralli. Winners announced November 16, Goa. Judges include Shana Randhava, Anchit Nayar, Katrina Kaif. Categories: IMAGINE, GROW, CREATE. Details at beautyandyouawards.com.
Nykaa arm to raise Rs 125 crore through NCDs
The beauty and fashion retail brand is looking to expand globally and has announced investment plans through its wholly-owned subsidiary FSN International. The board of directors of Nykaa has approved and authorised the issuance of up to 12,500 NCDs with a face value of Rs 1,00,000 each to raise Rs 125 crore on a private placement basis, the filing showed.
Ola Electric IPO subscribed 4.27X on final day of bidding
Ola Electric Mobility’s ₹6,146 crore IPO, the biggest so far in 2024, was oversubscribed 4.27 times. The offering included ₹5,500 crore in new shares and ₹645.6 crore from existing investors. Funds will support plant expansion, debt repayment, and R&D. Listing is expected on August 9.
It's trending D2C: new-age brands flex muscle via own sites
Direct ecommerce, or brands selling directly to consumers through their digital platforms, has risen to 10-15% of India’s online retail market of $70-75 billion now, from 2-3% five years ago, according to data. Why are these brands focussing on their own channels for sales and cutting reliance on marketplaces?
Hot Stocks: Brokerage view on Tata Consumer, Varun Beverages and Mankind Pharma
Top brokerage firms like Motilal Oswal, Jefferies, and Morgan Stanley have issued buy ratings and targets for Mankind Pharma, Nykaa, Tata Consumer, and Varun Beverages.
Stocks in news: ITC, IndiGo, Grasim, Power Grid, Nykaa, Gland Pharma
Grasim Ltd, part of the Aditya Birla Group, reported 39% growth in its consolidated net profit (excluding exceptional item) at Rs 1,908 crore for the quarter ended March 2024.
Top startup and tech stories of the week
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories from the week, including the top developments from the union budget. Let's take a look.
Nykaa expects consolidated revenue to rise 22-23% in April-June quarter
In a BSE filing on its quarterly revenue update for the April-June quarter of FY25, Nykaa said for the consolidated entity, the GMV (Gross Merchandise Value) growth for the quarter is seen to be in the mid-20s year-on-year.
Stocks in news: Apollo Tyres, Protean e-Gov Tech, Sun Pharma, Nykaa, Paytm
Warburg Pincus arm White Iris Investment will likely offload 3.5% stake in Apollo Tyres through block deals, according to reports.
ETtech Opinion | Budget ringfences India growth story: Nykaa CEO Falguni Nayar
The Prime Minister’s package of five schemes and initiatives to accelerate employment, skill development and other opportunities for 41 million youth over the next five years with a central outlay of Rs 2 lakh crore has the potential to increase households' purchasing power.
Q4 results this week: ITC, ONGC, Sun Pharma, Nykaa, Ircon International and IRFC
ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi's lab will be releasing their March quarter report cards this week.
Payment firms’ budget grouse; Nithin Kamath on the budget
The cut in budgetary allocation to incentivise digital payments has come as a dampener for payment startups. This and more in today's ETtech Top 5.
How Gen Z is retouching the rules of the skincare market in India
These youngsters are far more conscious of what goes on to their skin, compared to millennials and Gen X. They no longer chase basic whitening or moisturising creams. Influenced by social media, the young India have educated themselves on how each active ingredient works on their skin, even at the granular level of being aware of the exact percentage of ingredients used in products.
Outperformance of private sector banks may continue for next one year: Sandip Sabharwal
The smaller pharma companies I find it tough to evaluate, so many of them can potentially do well but I do not have the bandwidth to go molecule by molecule and evaluate those companies. But I think Sun Pharma is a decent business model, so we are just holding it for the long term.
Nykaa grants 4.73 lakh shares under Esop scheme
FSN E-Commerce Ventures, operating Nykaa, allotted 4,73,138 equity shares under Esop scheme. Shares valued at Rs 8.08 crore. Managing director Falguni Nayar foresees $90-billion market growth.
Hot Stocks: Brokerages on Jubilant FoodWorks, Sun Pharma, Nykaa; Motilal upgrades HDFC Life
Top brokerages issue ratings and targets for key stocks: Motilal Oswal upgrades HDFC Life to buy; Jefferies reaffirms buy for Sun Pharma; UBS stays neutral on Nykaa; Jefferies advises hold on Jubilant FoodWorks. Analysts anticipate growth trajectories and address performance factors.
Startups’ pink slip count falls to 10,000 amid funding blues
Firing in first half of 2024 lesser than H2, H1 of ’23, signalling a slight recovery. Ola Electric is in the final stages of laying off over 600 after sister company Ola Cabs fired around 200 workers in late April. Industry executive told ET, even with the slowdown in layoffs, startups are still not out of the woods.
Nykaa shares rally 3% after Q4 results. What brokerages recommend you should do
The company also posted a 28% year-on-year (YoY) increase in operating revenue for the March quarter to Rs 1,667 crore led by a 24% increase in the core business, beauty and personal care (BPC), to Rs 1,388 crore during the quarter.
Nykaa may grow at 20% CAGR till FY27: Jefferies
Beauty and fashion retail brand Nykaa is projected to grow at a compound annual growth rate (CAGR) of about 20% between FY24 and FY27, as forecasted by brokerage firm Jefferies. In FY24, Nykaa’s BPC segment was up 25% in GMV terms to Rs 8,340 crore, while the fashion segment grew 27% to Rs 3,269 crore.
Nykaa Q4 Results: Profit zooms 187% YoY to Rs 6.9 crore; revenue rises 28%
Nykaa Q4 Results: The consolidated net profit stood at Rs 2.4 crore in the last-year period. The company's board has approved an investment of Rs 20 crore in FSN International, a wholly-owned subsidiary, on a rights basis.
Nykaa appoints Santosh Desai as independent director
Santosh Desai previously served as the CEO of business consulting company Future Brands for nearly 17 years, and also as president of advertising firm McCann.
Unveiling Unicorn Offices: A new era of boutique workspaces at Marathon Futurex, Lower Parel
Experience the dynamic environment at Unicorn Collection, Marathon Futurex, curated by Marathon Group to foster innovation and growth for entrepreneurs in a prime business district.
Purplle closes Rs 1,000 crore funding deal led by Abu Dhabi Investment Authority
Purplle has also announced a Employee Stock Ownership Plan (Esop) liquidity programme and will offer liquidity of Rs 50 crore to its employees. Company cofounder and CEO said they will constantly innovate their technology to provide the best for their customer. Purplle is one of the fastest-growing retailers in the beauty and personal care (BPC) segment, having grown its GMV by four times over the last three years.
Top brands bank on 'imported' sales events to boost demand
Back to school sales in India have seen rapid growth over the last five to six years, with the event generating over a fourth of retail laptop sales. This trend is second only to the Diwali festive season's contribution of 30-35%, according to industry estimates. Other 'imported' sales events include small business days, Black Friday, Cyber Monday, Mother's Day, Father's Day, and Valentine's Day.
Nykaa’s Q4 revenue rises 28% to Rs 1,667 crore
The operating revenue growth was led by a 24% increase in the core business, beauty and personal care (BPC), to Rs 1,388 crore during the quarter. For the full financial year, BPC saw a 20% year-on-year increase to Rs 5,385 crore.
Stock prices of new-age firms swing on poll results
Major new-age companies including Zomato, Paytm, Delhivery, Nykaa and PB Fintech saw their stock prices plummet on Tuesday. However, as the broader markets recovered some losses on Wednesday, these stocks also saw their prices rise. This plunge followed massive gains on Monday when exit polls had suggested a clear mandate for the ruling Bharatiya Janata Party (BJP).
Nykaa, Paytm to announce Q4 earnings tomorrow. Here's what to expect
Analysts expect Nykaa to continue the stable trend seen in the last few quarters, while Paytm will likely see a decline in core earnings due to RBI's restrictions on the Payment Bank.
Ecom Express sets the ball rolling for Rs 3,000-crore IPO
Third-party logistics firm Ecom Express is looking to list on the public markets to raise Rs 3,000 crore, two people aware of the development told ET. The Warburg Pincus-backed company has appointed bankers Kotak Capital, IIFL, Axis Capital, and UBS to take forward the process.
Ecom Express sets the ball rolling for Rs 3,000-cr IPO
"Ecom Express has initiated the process for the public issue, which includes both a fresh issue and an offer for sale from the existing investors. The company is likely to file its draft red herring prospectus soon," said one of the people cited above.
Nykaa makes Rs 7.17 crore Esop allotment ahead of Q4 results
Companies typically expand their Esop pool to attract and retain talent, align employee and shareholder interests, and enhance overall performance. Private startups also institute buybacks of Esops to help create wealth for employees.
Will Nykaa's performance tread the Zomato path?
Zomato posted a significant improvement in unit economics/margins which were instrumental in driving upgrades and the consequent stock performance, Nuvama said.
Beauty secrets: Inside India's booming beauty industry that relies on hundreds of contract manufacturers
Nishit Dedhia, the MD and cofounder of Kain Cosmeceuticals, is leading a tour of his cosmetics manufacturing facility in Khopoli, Maharashtra. The facility produces a variety of beauty products for the growing direct-to-consumer market in India.
