Stocks to Watch on Wednesday, February 7, 2024: The parent company of Nykaa nearly doubled its consolidated net profit to Rs 16.2 crore during Q3FY24
The company's consolidated revenue from operations grew 22 per cent YoY to Rs 1,789 crore, up from Rs 1,462 crore a year ago and Rs 1,507 crore in Q2 FY24
The company's consolidated net profit rose 97% to 161.9 million rupees ($1.95 million) in the third quarter ended Dec. 31. It had posted a drop in net profit in three of its previous five quarters
Stocks to Watch on January 12, 2024: Crude oil jumped 2 per cent to $79 after the US and UK striked Houthi targets in Yemen in response to the Red Sea attacks
Overall at the consolidated level, Nykaa expects overall NSV to grow at a mid-20s percentage rate and revenue to grow at a low-20s percentage rate on YoY basis in 3QFY24
Stocks to Watch on January 8, 2024: Titan's revenue rose 22 per cent YoY in the December quarter (Q3FY24
Shares of Metro Brands surged 9 per cent to hit a new high of Rs 1,440.45, while Nykaa gained 3.5 per cent to Rs 178.20 on the BSE in intra-day trade today
Stocks to watch on Thursday, November 30, 2023: Debutants Tata Technologies, Gandhar Oil Refinery and Fedbank Financial Services likely to hog the limelight in trades today.
"These agreements will enable Foot Locker to efficiently access the large and growing sneaker market in India," Nykaa said
That apart, analysts believe stable profit margins, too, are acting as tailwinds for the companies
Closing Bell on November 7, 2023: The broader markets, on the other hand, held steady gains throughout the session, settling 0.53 per cent and 0.38 per cent higher, respectively
Stocks to watch on Tuesday, November 7, 2023: Apollo Tyres, Balrampur Chini, CRISIL, IRCTC and Power Grid Corporation among prominent companies scheduled to announce results today.
The firm's total expenses for the quarter came in at Rs 1,502 crore, a 22 per cent increase from Rs 1,228 crore in Q2 FY23
The total income for Q2FY24 came in at Rs 1,515.6 crore, compared to Rs 1,237.3 crore year-on-year
Stocks to Watch today, September 1, 2023: Vedanta ran a "covert" lobbying campaign to weaken key environmental regulations during the Covid-19 pandemic, the OCCRP said in an article on Thursday
Company optimistic about Q2 and analysts continue to see high long-term growth prospects
Zomato, for instance, has been the only new-age company which has achieved profitability in the April-June quarter (Q1) of the current financial year (FY24)
The brokerage downgraded the stock to ADD and revised its target price to Rs 165 from Rs 210
Stocks to watch on August 14, 2023: Balrampur Chini, Delta Corp, Indiabulls Housing Finance, India Cements, Manappuram Finance and Zee among nine stocks in F&O ban period on Monday.
Beauty and fashion firm FSN E-Commerce Ventures, which operates under Nykaa brand, on Friday posted 8 per cent increase in consolidated net profit at Rs 5.4 crore for June quarter 2023-24. The company had clocked a net profit of Rs 5 crore in the same period a year ago. Profit attributable to equity shareholders, however, declined about 26 per cent to Rs 3.3 crore from Rs 4.5 crore in April-June 2022. Consolidated revenue from operations increased about 24 per cent to Rs 1,421.8 crore during the quarter from Rs 1,148.4 crore in the corresponding period of 2022-23. "Our beauty vertical continues to shape into an ecosystem of its own with steady and balanced growth across our online platforms, physical footprint as well as our consumer brands. Fashion's consumer brands also experienced steady growth with our own labels now spanning across categories westernwear, indianwear, lingerie, menswear, accessories and much more," Nykaa Executive Chairperson, MD, and CEO Falguni Nayar said i