Trent is exploring the beauty and jewellery market with its first Zudio Beauty store and lab-grown diamond brand, Pome. The company's focus on affordable beauty and jewellery aligns with the growing demand for affordable products in the mass market. While the success of Zudio Beauty remains uncertain, Trent's cautious expansion strategy should help minimize losses. However, the potential for significant …
FSN E-Commerce Ventures Ltd, the parent company of Nykaa, has some bright spots in its March quarter results. This is the first time in the March quarter where Nykaa’s Ebitda margin has risen sequentially post a seasonally-best December quarter, said JM Financial Institutional Securities analysts in a 25 May report. Also, annual unique transacting customers saw an addition of 0.4 …
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 …
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 …
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 …