New businesses now 1/3rd of Nykaa's GMV; FY23 net down 53%
Falguni Nayar says that the company was able to disrupt and democratise both demand and supply for the industry.
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Nykaa, ACC, HDFC AMC, Indus Towers, Page Ind shares fall up to 3% on exclusion from Nifty Next 50
PNB, Trent, TVS Motor, Shriram Finance, and Zydus Lifesciences will replace these five stocks in the Nifty Next 50 index, effective from September 29, 2023.
Nykaa shares plunge 11% post Q1; here’s why
The consolidated net profit attributable to equity shareholders of parent fell 27% to ₹3.3 crore as compared to ₹4.55 crore in the same period a year ago.
After Tira, Reliance is piloting Blush Lace, a beauty-cum-lingerie format for masses
The margins in beauty are north of 45%-50%, thus making it an attractive business for retailers
Why Nykaa stock is up despite 70% fall in Q4 profit
The profit before tax and revenue from operations of the fashion e-retailer rose 48% and 34% YoY, respectively.
Nykaa's Q4 results: Profit dips 72%, revenue jumps 33.7%
Nykaa's revenue from operations, however, surged by 33.7% to ₹1,301.7 crore during the quarter under review, as against ₹973.3 crore in the same period last year.
The Brief: Unicorns Deep in Losses, Valuations Set to Wilt
Fifty-one India-domiciled businesses racked up a cumulative loss of $6.5 billion in FY22, raising questions on rich valuations
Nykaa expects FY23 revenue to be around 30%; stocks fall
For FY23, the fashion e-retailer expects its percentage revenue growth rates to be in line with the ones seen in 9M FY23, early-thirties.
Nykaa shares drop 5% on weak Q3 results
During the session on Tuesday, the company’s market capitalisation stood at ₹40,503 crore with 7,76,867 shares exchanging hands on the BSE against the two-week average of 7.62 lakh shares.
Nykaa shares fall 15% in four sessions; hits fresh all-time low
Nykaa share price declined 5.5% to hit a fresh all-time low of ₹132.55 in intraday trade on the BSE.
