FSN E-Commerce Ventures Ltd

(NYKAA)

BofA Downgrades Nykaa Amid Slower Growth Concerns - 21 Nov, 2024

Bank of America has downgraded Nykaa to Underperform, reducing its target price to Rs 150 due to slower margin growth and heightened competition in the market. Despite a 72% year-on-year profit increase, results fell short of expectations, indicating challenges ahead for the company.

Nykaa Reports Strong Q2 Earnings but Shares Decline - 19 Nov, 2024

FSN E-Commerce Ventures Ltd (Nykaa) reported a consolidated net profit of Rs 10.04 crore for Q2-FY25, up 72% year-on-year. Revenue rose 24.2% to Rs 1,874.74 crore. Despite healthy growth, shares declined as results fell below estimates.

Nykaa's Beauty Growth Offset by Margin Concerns - 18 Nov, 2024

FSN E-commerce Ventures reported a 24% revenue growth in Q2FY25, driven by a strong beauty segment. However, margin pressures and increased marketing costs raise concerns. The stock is down 27% from its 52-week high, with mixed prospects for H2FY25 amid competition and demand challenges.

Nykaa Reports Strong Profit Growth Amid Expansion Plans - 14 Nov, 2024

FSN E-Commerce Ventures Ltd (Nykaa) announced a 66% year-on-year profit increase in Q2FY25, driven by brand loyalty and expansion into smaller cities. However, rising competition and increased marketing costs pose risks to future profitability.

FSN E-Commerce Ventures Reports Strong Q2 Earnings - 13 Nov, 2024

FSN E-Commerce Ventures, parent of Nykaa, reported a 67% rise in Q2 net profit to Rs 13 crore. Nykaa's consolidated net profit increased 66% YoY to Rs 12.97 crore, driving a 5% stock jump, despite subsequent profit booking.

FSN E-Commerce Reports Strong Q2 Profit Growth - 12 Nov, 2024

FSN E-Commerce Ventures, parent of Nykaa, reported a 71.6% year-on-year net profit increase to ₹10.04 crore for Q2 FY25, driven by robust revenue growth. However, profits fell short of analyst expectations.

Nykaa Anticipates Strong Q2 Earnings Growth - 11 Nov, 2024

FSN E-Commerce Ventures, parent company of Nykaa, is set to announce Q2 results, with expectations of tripled net profit and significant revenue growth driven by the BPC segment.

Nykaa Q2 FY25 Preview Shows Strong Growth Expectations - 08 Nov, 2024

Nykaa anticipates a 25% YoY revenue increase to Rs 1,887 crore in Q2 FY25, with a projected PAT jump of 4.2 times to Rs 24.7 crore. The BPC segment is expected to grow by 30%, while the fashion segment is forecasted to rise by 25%. Operating leverage and reduced losses are expected to enhance margins.

NYKAA Partners with Estée Lauder for Beauty Initiative - 06 Nov, 2024

Estée Lauder's New Incubation Ventures and NYKAA announced the winners of BEAUTY&YOU India 2024, aimed at promoting emerging India-focused beauty brands.

Jefferies Maintains Buy Rating for Nykaa Stock - 04 Nov, 2024

Jefferies has reaffirmed its buy rating on FSN E-Commerce Ventures (Nykaa) with a target price of Rs 220, following the successful Nykaaland 2.0 beauty festival, which attracted over 25,000 visitors. The company reported strong revenue growth in Q2 FY2024-25, with a positive return of 32% over the past year.

Nykaa Faces Share Price Pressure Despite Profitability - 31 Oct, 2024

Nykaa shares have declined by 54% since its December 2021 debut, despite the company being profitable at the time of its IPO. It reported a net profit of Rs 40 crore in FY24.

Nykaa Focuses on Delivery Improvements, Not Quick Commerce - 26 Oct, 2024

Falguni Nayar, CEO of Nykaa, stated the company will not enter the quick commerce space, focusing instead on enhancing delivery timelines and expanding its network. With 35 million customers and 44 warehouses, Nykaa aims to improve service efficiency and meet growing consumer demand, especially during the festive season.

Nykaa Expands Ambitions in Middle East Market - 23 Oct, 2024

Nykaa's Anchit Nayar emphasizes confidence in India's consumption story and plans to open 70 stores in the GCC over five years, focusing on profitability and online presence.