Nykaa

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Growth from tier 1 consumer have demonstrated sustained consumption

In its regulatory filing, Nykaa said that in Q4 FY23, against the backdrop of subdued industry growth, Tier 1 consumers have demonstrated sustained consumption

: Averring that digital transformation was the key driver of almost every industry, Nykaa Founder and CEO Falguni Nayar on Friday said businesses and individuals must adapt to the ever-evolving' scenario. Addressing the students at Indian School of Business (ISB) here, she said: Digital transformation is today the key driver of nearly every industry, from commerce to finance to healthcare, you name it, and businesses and individuals must adapt to this ever-evolving new world. Reimagining how business operates from the ground up, leveraging technology to create value for customers, and driving constant innovation is critical. Approach the power of technology with a growth mindset. Embrace experimentation and iteration, and don't be afraid to fail, Nayar told the students, according to a release from the ISB. ISB Board Chairperson Harish Manwani said : In this new paradigm, your focus should not only be on creating economic value but also on solving the challenges and needs of the ...

The stock was down 2 per cent so far today and quoted close to its record low level of Rs 120.75, touched on January 23, 2023.

Nykaa rivals conglomerates such as Tata and Reliance both of which have interests in the beauty products industry

The Walmart-owned fashion retailer is scaling up its operations to tap the BPC market, which is expected to grow $38 billion by 2028

Shares of Paytm, FSN e-Commerce Ventures (the parent firm of Nykaa), PB Fintech (parent firm of Policybazaar), and CarTrade Tech surged up to 17 per cent in a month

The present scenario of new-age stocks reveals a pullback (rebound) in their stock prices, show technical charts

The company said gross margin declined due to change in BPC category mix, higher brand funded discount during festive season, consumer downgrades.

Stocks to watch today: Adani Enterprises, ONGC, Coal India, Siemens, Grasim Industries, Eicher Motors, among others will report the October-December (Q3FY23) quarter results

Beauty and fashion firm FSN E-Commerce Ventures, which operates under the Nykaa brand, posted a 70.75 per cent drop in consolidated profit to Rs 8.48 crore for the third quarter ended December, mainly on account of investment in retail stores. The company had reported a net profit of Rs 29 crore in the same period a year ago. The revenue from operations, however, increased by about 33 per cent to Rs 1,462.82 crore from Rs 1,098.3 crore in the December 2021 quarter. Nykaa's Executive Chairperson, MD, and CEO Falguni Nayar said the company is focussing on improving EBITDA (operational profit) margin. "Beyond EBITDA we call it investment that we are making for the future. One of the big costs is lease and rental. We are investing and rolling out physical stores. That is being taken by us as an operational cost. We are also looking to acquire 7 million (70 lakh) new customers. All that is being funded by operational cost," Nayar said. The company scaled up its SuperStore to 92,415 ...

CLOSING BELL: The NSE Nifty 50 ended 86 points lower; Broader indices log deeper cuts. Adani Group shares fall again.

Stocks to watch today: SAIL, Nykaa, Power Finance Corporation, Gujarat Gas, Castrol India, Campus Activewear will report the October-December quarter (Q3FY23) results

In the past one year, these stocks have underperformed the market by falling between 31 per cent and 53 per cent, as against 5 per cent rise in the Sensex

From listing price of Rs 2,018, shares of the BPC sector firm now trade at Rs 134

Market players said the selling could be because of fears around further sell-downs by existing investors

Festivities in Q3FY23 did bring some cheer to internet companies but the mood remains relatively sombre with inflationary macroeconomic environment denting demand uptick, according to analysts

However, Alibaba group firm Ant Financial has not diluted its stake in Paytm and continues to hold 25 per cent of the company

Till 01:53 PM, about 30.5 million shares, representing 4.7 per cent of the total equity of Paytm, had changed hands on the NSE