Nykaa Q3 update out. Is it wise to buy Nykaa shares ahead of Q3FY25 results?

Nykaa share price: After the announcement of a substantial Q3 update for the financial year 2024-25, Nykaa share price opened with an upside gap on Monday and touched an intraday high of ₹176.60 apiece within a few minutes of the stock market's Opening Bell. Nykaa Q3 update for FY25 Speaking on Nykaa's Q3 update for the current financial year, Anshul Jain, Head of Research at Lakshmishree Investment and Securities, said, "Nykaa continues to deliver impressive growth, with revenue expansion outpacing consolidated Gross Merchandise Value, signalling better GMV-to-net-revenue conversion. The beauty vertical remains the key driver, with GMV projected to grow in the "low thirties" and net revenue likely surpassing "mid-twenties," fueled by strong performance across e-commerce, retail stores, owned brands, and eB2B distribution." The GMV growth for the beauty vertical is expected to be in the low thirties, indicating strong momentum in all of Nykaa's beauty businesses – e-commerce platform, retail stores, owned brands and eB2B distribution. The eB2B distribution business –Superstore by Nykaa, which accounts for 8% of beauty vertical's GMV, continues to witness rapid expansion and now services around 260,000 transacting retailers across 1,100+ cities.