Page 9 - Nykaa
Nykaa consolidated net profit up by 8% at Rs 5.4 cr in June quarter
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
 "Nykaa consolidated net profit up by 8% at Rs 5.4 cr in June quarter")
Six executives quit Nykaa, CEO Falguni Nayar to spearhead marketing
"Leadership roles are being augmented with an eye on strategic realignment, cost rationalization and growing complexity of the business," Nykaa said in a statement
 "Six executives quit Nykaa, CEO Falguni Nayar to spearhead marketing")
Online sales in food, fashion fared better than offline in Q1FY23: Report
Nykaa is anticipated to record an 11% YoY increase in its fashion revenue while Zomato is expected to have outperformed the majority of QSRs
 "Online sales in food, fashion fared better than offline in Q1FY23: Report")
RIL shines in lacklustre trade; Sensex ends 64 pts up; broader indices slip
CLOSING BELL ON JULY 10, 2023: Reliance alone contributed 302 points to the BSE Sensex as the stock finished 3.8 per cent higher. The NSE Nifty 50 was up 24 points at 19,356 on Monday.
 "RIL shines in lacklustre trade; Sensex ends 64 pts up; broader indices slip")
Nykaa Investor Day 2023: How analysts view the e-retailer's growth plans
They forecast up to 45 per cent upside from current levels over the next one year
 "Nykaa Investor Day 2023: How analysts view the e-retailer's growth plans")
Adani Total Gas, Zomato, Nykaa and more: Top large caps MFs bought in May
Life Insurance Corporation of India (LIC), Kotak Mahindra Bank, Indian Oil Corporation, Hero MotoCorp, Hindustan Aeronautics were the most sold
 "Adani Total Gas, Zomato, Nykaa and more: Top large caps MFs bought in May")
Analysts cautiously positive on new age stocks despite improved Q4 metrics
Analysts say that investors with a high-risk appetite can consider accumulating these stocks but only on declines
 "Analysts cautiously positive on new age stocks despite improved Q4 metrics")
Nykaa, Paytm, Zomato: How to trade new-age companies post Q4 results?
Barring Fsn E-Commerce Ventures and Delhivery, Zomato, Paytm, and PB Fintech may rally up to 19%, show technical charts
 "Nykaa, Paytm, Zomato: How to trade new-age companies post Q4 results?")
Stocks to Watch today, May 25: Nykaa, LIC, Adani Group, Hindalco, Nalco
Stocks to watch on May 25, 2023: AIA Engineering, eClerx, GSFC, Voda Idea, IEX, IFCI, Page Inds, SAIL, Strides Pharma, and Zee among prominent companies scheduled to announce Q4 results on Thursday.
 "Stocks to Watch today, May 25: Nykaa, LIC, Adani Group, Hindalco, Nalco")
Nykaa Q4 earnings slip 72% to Rs 2.4 crore, even as revenue rises 34%
This came as the firm witnessed a demand slump for its fashion business, and expenses surged due to growing cost of materials, employee costs and other expenses
 "Nykaa Q4 earnings slip 72% to Rs 2.4 crore, even as revenue rises 34%")
Nykaa Q4 results: Net profit falls 71%, revenue from operations up 33%
Nykaa's Ebitda rose 84 per cent to Rs 70.6 crore during the quarter
 "Nykaa Q4 results: Net profit falls 71%, revenue from operations up 33%")
MFs lap up beaten-down Nykaa, Zomato in April, holdings surge Rs 1,100 cr
Infosys remains the top buy for the second month in a row
 "MFs lap up beaten-down Nykaa, Zomato in April, holdings surge Rs 1,100 cr")
ACC, Nykaa, HDFC AMC and Muthoot Fin likely to be dropped from Nifty 100
Jindal Steel and Power, Punjab National Bank, TVS Motor, Tube Investments and Zydus Lifesciences are expected to get added to the index
 "ACC, Nykaa, HDFC AMC and Muthoot Fin likely to be dropped from Nifty 100")
Nykaa slips 3%, hits new low on heavy volumes; down for 5th straight day
Average trading volumes on the counter nearly doubled with a combined around 11 million equity shares having changed hands on the NSE and BSE so far
Stocks to watch: Bajaj Auto, Nestle India, Nykaa, IndusInd Bank, Welspun
Stocks to watch today: From Bajaj Auto to Nestle India, here are top stocks to watch in Tuesday's trade
 "Stocks to watch: Bajaj Auto, Nestle India, Nykaa, IndusInd Bank, Welspun")
Nykaa appoints new CFO, CTO and other new leaders to drive growth
Online beauty company strengthens team after five high-profile employee exits in March
 "Nykaa appoints new CFO, CTO and other new leaders to drive growth")
Rajesh Uppalapati as CTO, P Ganesh as CFO: Nykaa announces new appointments
TV Venkataraman will be responsible for the company's Internal Audit and Risk Management charter
Beauty major VLCC appoints Vikas Gupta as CEO with immediate effect
Prior to joining VLCC, Gupta was the CEO of SuperStore by Nykaa. Before that he was the chief customer and marketing officer for Flipkart between 2019-21
Stocks to Watch: Dmart, Tata Steel, HeroMoto, Nykaa, Equitas SFB, Godrej CP
Stocks to Watch: Hero MotoCorp is now looking to cut flab and move towards a leaner organisation. It has launched a voluntary retirement scheme for its staff to make the organisation agile
 "Stocks to Watch: Dmart, Tata Steel, HeroMoto, Nykaa, Equitas SFB, Godrej CP")
Beauty e-retailer Nykaa sees healthy revenue growth trend for FY23
Growth from tier 1 consumer have demonstrated sustained consumption