Revenue for the quarter was up 39% YoY to Rs 1,230.8 crore
Nykaa's gross merchandise value, or the monetary value of orders across its platforms, jumped 45% to 23.46 billion rupees
The Indian cosmetic-to-fashion retailer's total income, meanwhile, climbed 38 per cent YoY to Rs 1,237.3 crore in Q2FY23 from Rs 890.4 crore in Q2FY22
The company had posted a net profit of Rs 1.17 crore in the same period a year ago
Stocks to Watch today: Reliance Strategic Business Ventures Ltd (RSBVL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has acquired an additional stake in skyTran Inc for Rs 123.4 crore
The sharp selloff in Nykaa has come ahead of the end of one-year post IPO lock-in period, which ends next month.
Selling pressure is seen whenever the lock-in period meant for IPO anchor investors ends, particularly in companies backed by private equity investors
With the recent fall, the market price of Nykaa has tanked 56 per cent from its record high level of Rs 2,574, which it had touched on November 26, 2021
The retailer is already in advanced stage talks to take over Sephora India rights from Arvind Fashions, which also gives it access into the premium beauty and personal care space offline
With this recent fall, the market price of Nykaa has tanked 53 per cent from its record high level of Rs 2,574, which it had touched on November 26, 2021
CLOSING BELL: The three-day IPO of Electronics Mart India was subscribed 62 times till 3:30 PM
Stocks to Watch Today: Shares of Titan are likely to be in focus after the company reported 18 per cent sales growth for the September quarter; Dabur may see a downtick owing to earnings warning.
Indian cosmetics and fashion retailer Nykaa on Thursday entered a strategic alliance with Dubai-based fashion and lifestyle retail conglomerate Apparel Group to expand in Gulf countries
The company has fixed November 03, 2022, as the record date for the purpose of determining shareholders eligible for bonus equity shares.
CLOSING BELL: ITC, Dr Reddy's Labs, Tata Steel, Sun Pharma, M&M, NTPC, and Nestle India were the top large-cap winners, while Asian Paints, Tech M, Wipro, TCS, Titan, Kotak Bank sank
Sun Pharmaceutical seems set to register a new 52-week high; while Tata Motors and Torrent Pharmaceuticals are yet to take-off their respective obstacles, charts show.
However, in the past six months, the has stock shed 17 per cent, as compared to 1 per cent decline in the S&P BSE Sensex.
Stock to watch today: Nykaa's board meeting will be held on October, 3 to consider and approve the issuance of bonus shares
The IIFL Wealth Hurun India Rich List 2022 showed that 100 start-up founders in India have a net worth of more than $10 billion
Adani was far ahead of Reliance Industries' chairman Mukesh Ambani (Mukesh Ambani & family), whose wealth rose 11 per cent in the last one year