Nykaa to now compete with Page Industries in men’s innerwear, shares surge
2 years, 5 months ago

Nykaa to now compete with Page Industries in men’s innerwear, shares surge

Live Mint  

Shares of Nykaa surged more than 4% to ₹1,455 apiece on the BSE in Thursday's early deals after the company said it has expanded into men’s innerwear and athleisure category with GLOOT. By expanding into the men's innerwear category, Nykaa will now compete with listed player Page Industries, which is involved in manufacturing and retailing innerwear, and has the exclusive licensee of Jockey International in India. “With this new brand, Nykaa Fashion aims to redefine an oft-ignored space when it comes to men’s requirements by combining comfort and technology in a way that is kind to the planet. Shares of FSN E-Commerce Ventures Ltd, the parent company of Nykaa, have fallen nearly 37% since its listing in November last year, amid the broader market mayhem, which has weighed more on stocks of technology companies as interest rates are set to inch up across the world.

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History of this topic

Nykaa share price jumps over 5% after strong Q2 results. Should you buy, sell or hold the stock?
1 month, 1 week ago

Nykaa share price jumps over 5% after strong Q2 results. Should you buy, sell or hold the stock?

Live Mint  

Nykaa share price jumped over 5% in early trade on Wednesday, November 13, after the company reported strong results for the second quarter of the financial year 2024-25. FSN E-Commerce Ventures, the operator of fashion and beauty retailer Nykaa, reported a net profit growth of 72% year-on-year to ₹10.04 crore for the quarter ended September 2024. The brokerage firm maintained …

Stocks to Watch: Nykaa, Hyundai Motor, BSE, Zydus Lifesciences, Sunteck Realty, and more
1 month, 1 week ago

Stocks to Watch: Nykaa, Hyundai Motor, BSE, Zydus Lifesciences, Sunteck Realty, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Hyundai Motor India: The automaker reported a 16% decrease in consolidated net profit to ₹1,375.47 crore for Q2FY25, down from ₹1,628 crore a year earlier, due to weak local demand and global geopolitical challenges. Religare Enterprises: The company reported a consolidated net profit of ₹68.49 crore …

Stocks to watch: Vodafone Idea, Eicher Motors, GRSE, Swiggy, Nykaa
1 month, 1 week ago

Stocks to watch: Vodafone Idea, Eicher Motors, GRSE, Swiggy, Nykaa

India Today  

The stock market witnessed a slump on Tuesday, extending its correction phase with the Sensex dropping over 800 points and the Nifty shedding 200 points. BSE Leading stock exchange BSE reported a significant 193% growth in consolidated net profit for Q2, reaching Rs 346 crore compared to Rs 118 crore in the same quarter last year. Nykaa FSN E-Commerce Ventures, …

Nykaa Q2 Results: Net profit jumps 71.6% YoY to ₹10.04 crore
1 month, 1 week ago

Nykaa Q2 Results: Net profit jumps 71.6% YoY to ₹10.04 crore

Live Mint  

Nykaa Q2 Results: FSN E-Commerce Ventures, the operator of the Nykaa brand, announced on Tuesday a consolidated net profit of ₹10.04 crore for the quarter that concluded on September 30, 2024, marking an increase of 71.6% compared to ₹5.85 crore it recorded during the same quarter last year. The firm's consolidated revenue from operation for the quarter ended September stood …

Nykaa: The competition is closing in
1 year, 8 months ago

Nykaa: The competition is closing in

Live Mint  

Bengaluru/New Delhi: Around May last year, there was growing buzz about Reliance Retail Ltd entering the beauty business. In a revenue update for the fourth quarter of 2022-23, Nykaa stated that while its beauty and personal care vertical witnessed strong demand, its business in the fashion category faced some impact due to the consumer pullback in discretionary spending. “Nykaa has …

Nykaa shares: Should you buy even as Q3 profit plunges 71%? What brokerages say
1 year, 10 months ago

Nykaa shares: Should you buy even as Q3 profit plunges 71%? What brokerages say

Live Mint  

Beauty and fashion firm FSN E-Commerce Ventures Ltd, parent of cosmetics-to-fashion retailer Nykaa, reported about 71% slump in the net profit for the third quarter ended December 2022 of the current fiscal at ₹8.4 crore as compared to ₹29 crore in the year ago quarter. “FSN E-Commerce Ventures reported a mixed bag—it met growth expectations, but margins undershot as gross …

Nykaa underperforms Zomato, Paytm in last 1 year! Is it still a good buy?
1 year, 11 months ago

Nykaa underperforms Zomato, Paytm in last 1 year! Is it still a good buy?

Live Mint  

E-commerce stock FSN ECommerce Ventures has underperformed its competitive stocks Zomato and Paytm i the last 1 year. It further predicted that its fair value estimates for Nykaa's fashion business at different revenue CAGR and operating profit margin assumptions range between Rs 14 and Rs 75. In the September quarter, Nykaa posted a 344 percent year-on-year jump in its September …

Why Nykaa’s fashion biz is a blemish for growth
2 years, 1 month ago

Why Nykaa’s fashion biz is a blemish for growth

Live Mint  

Expiry of the one-year lock-in period for pre-initial public offering investors has been an overhang for stocks of new-age companies. “Despite the fashion business being at an early stage, low single-digit quarter-on-quarter growth is a disappointment even while it reflects management focus on measured growth rather than adopting an aggressive stance of chasing growth at any cost,” said analysts at …

Nykaa Q2 Profit Skyrockets 333% on Festive Demand, Revenue Up 39%; Shares Surge
2 years, 1 month ago

Nykaa Q2 Profit Skyrockets 333% on Festive Demand, Revenue Up 39%; Shares Surge

News 18  

Nykaa Q2 Results: FSN E-Commerce Ventures Ltd, which runs online fashion retailer Nykaa, on Tuesday reported a 333 per cent jump in September-quarter net profit, boosted by strong demand for its products ahead of the festive season. The company has revised its record date for the purpose of determining members eligible for bonus equity shares to November 11, 2022. “We …

What’s adding sparkle to Nykaa shares
2 years, 4 months ago

What’s adding sparkle to Nykaa shares

Live Mint  

FSN E-Commerce Ventures Ltd, the parent company of Nykaa, is spreading its wings fast. Nykaa’s fashion business continued to make Ebitda losses, but its gross merchandise value, the value of orders, rose by 21% sequentially in Q1. “We believe growth on a smaller base in fashion is slower than anticipated as Nykaa Fashion is being strongly challenged by Myntra in …

Vodafone Idea Shares Fall Over 5%, Nykaa Plunges 11%
2 years, 11 months ago

Vodafone Idea Shares Fall Over 5%, Nykaa Plunges 11%

ABP News  

New Delhi: Shares of Vodafone Idea plunged over 5 per cent in early trade on Monday after the company reported widening of its consolidated loss to Rs 7,230.9 crore for the third quarter ended December 2021. The telecom company's stock dropped 5.46 per cent to Rs 11.25 on the BSE. On the other hand, shares of Nykaa, consumer technology platform, …

Nykaa Founder Falguni Nayar Started at 50; With $6.5 Billion, She is Now Among World's Richest
3 years, 1 month ago

Nykaa Founder Falguni Nayar Started at 50; With $6.5 Billion, She is Now Among World's Richest

News 18  

India’s only unicorn, Nykaa, led by a woman made its debut at Dalal Street on Wednesday, November 10, and the stellar response shot CEO and founder Falguni Nayar’s net worth to new heights. Falguni Nayar, who owns almost half of Nykaa’s shares is now worth $6.5 billion as shares of her company surged to 89 per cent as they started …

Nykaa IPO opens for subscription today at Rs 1,085 to Rs 1,125 per share; all you need to know
3 years, 1 month ago

Nykaa IPO opens for subscription today at Rs 1,085 to Rs 1,125 per share; all you need to know

Firstpost  

The company’s IPO will have equity shares worth Rs 4,721 crore as an offer for sale by existing investors and the promoter. The Nykaa IPO, which has a fixed price band per share of Rs 1,085 to Rs 1,125, will close on 1 first November. Before the IPO, FSN E-Commerce Ventures raised over Rs 2,395 crore from 174 anchor investors, …

Nykaa IPO Opens Today: Price, GMP, Strength, Valuation, Key Risks; Should you Invest?
3 years, 1 month ago

Nykaa IPO Opens Today: Price, GMP, Strength, Valuation, Key Risks; Should you Invest?

News 18  

Nykaa IPO Opens Today: The much awaited initial public offering of FSN E-commerce Ventures, which owns popular beauty and wellness product online marketplace Nykaa, is all set to open on Thursday, October 28. At upper price band of Rs 1,125, Nykaa IPO could raise up to Rs 5,352 crore from the issue. Nykaa IPO: Key Strengths Nykaa is the largest …

Top six employees of Nykaa set to make over ₹850 crore
3 years, 1 month ago

Top six employees of Nykaa set to make over ₹850 crore

Live Mint  

Six senior executives at Nykaa stand to make a total of more than ₹850 crore or $115 million through their shareholding and vested options as the company’s initial public offering opens on 28 October. Reena Chhabra, the chief executive officer of the company’s private label division FSN Brands, stands to make ₹250 crore with 2.1 million shares and 0.12 million …

Nykaa IPO Opens Next Week, Plans to Raise Rs 5,200 Crore; Know Date, Price, Key Details
3 years, 2 months ago

Nykaa IPO Opens Next Week, Plans to Raise Rs 5,200 Crore; Know Date, Price, Key Details

News 18  

Nykaa, one of the most popular online marketplaces for beauty and wellness products in India is all set to launch its initial public offering on October 28, according to sources. The anchor issue to raise up to Rs 2,340 crore will open on October 27, one day prior to Nykaa IPO. The Rs 5,200-crore Nykaa IPO will include a primary …

Nykaa IPO: Beauty Retailer Looks to List at $ 4.5 Billion Valuation, Reports Say
3 years, 6 months ago

Nykaa IPO: Beauty Retailer Looks to List at $ 4.5 Billion Valuation, Reports Say

News 18  

Beauty and fashion retailer Nykaa is planning to go public in 2022 at a valuation of $ 4.5 billion. Speaking to The Mint, a source close to the company’s plans added that Nykaa is looking to file its first draft of the red herring prospectus by this June end or early July. While the price band of the offer is …

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