Tag: nykaa

Shares of Beauty and fashion e-tailer FSN E-Commerce Ventures, which runs Nykaa surged 6.5 percent to Rs 1,233 per share in Tuesday's intra-day trade, after the company's net profit jumped 363 percent year-on-year (YoY) to Rs 5.1 crore in the July-September quarter (Q2FY23) from Rs 1.1 crore in the year-ago period, up more than 330%. The company had reported a profit of ₹5 crores in the previous quarter of June 2022. Its quarterly revenue from operations recorded a 39% YoY increase to Rs 1,230.8 crore, from Rs 890.4 crore in Q2FY22, whereas it was up 7% from ₹1,148.4 crore quarter-on-quarter (QoQ). Total expenses, too, grew 38 percent YoY to Rs 1,228.5 crore in the recently concluded quarter. Total expenses, too, grew 38 percent YoY to Rs 1,228.5 crore in the recently concluded quarter. Read more

As the recently listed stocks were hammered today(24 January 2022) amid a heavy sell-off in the markets the S&P BSE IPO index plunged 8 percent. The stock markets were under selling pressure for the fifth straight trading session owing to weak global cues on rising concerns about inflationary pressures, surging coronavirus cases, and prospects of interest rate hikes. Zomato, FSN E-Commerce Ventures (Nykaa), C E Info Systems (MapmyIndia), and PB Fintech, the parent company of Policybazaar were down up to 20 percent in intra-day trade so far. All these stocks hit their respective all-time lows since their listing on the stock market. Latent View Analytics, Go Fashion (India), Chemplast Sanmar, Macrotech Developers (Lodha), CMS Info Systems, Sona BLW Precision Forgings and Devyani International slipped between 8 per cent and 10 per cent on the BSE. Read more

The Indian benchmark indices started nearly 0.5 percent higher today (15th Nov.2021) supported by firm global cues and broad-based buying back home. In early deals, the BSE Sensex quoted at 61,026 levels, up 339 points, while the Nifty50 was at 18,197 levels, up 94 points. Hero MotoCorp was among the top gainers on the Nifty index, up 3 percent, on a healthy operational performance in Q2. The company reported standalone Ebitda of Rs 1,156 crore, up from Rs 515 crore YoY, and higher than Street estimates of Rs 904 crore. Margins, meanwhile, came in at 13.5 percent, up from 9.4 percent YoY and Bloomberg estimate of 11.2 percent. In the broader markets, the BSE MidCap and SmallCap indices added up to 0.4 percent. Read more

Beauty startup Nykaa's founder Falguni Nayar has become India’s wealthiest self-made female billionaire, who owns almost half of Nykaa’s shares is now worth $6.5 billion as shares surged as much as 98% when they started trading Wednesday.Nayar, who formerly led a top Indian investment bank, founded Nykaa in 2012.Indian Institute of Management (IIM), Ahmedabad graduate Nayar has previously worked with AF Ferguson & Co and Kotak Mahindra Group. Heading a team of over 1600, Falguni has built beauty and lifestyle retail empire Nykaa which has emerged as India’s leading beauty retailer with a portfolio of 1500+ brands, including its own private label, available online and across 68 stores in India. Nayar owns her company stake through two family trusts and seven other promoter entities. Nykaa’s (FSN E-Commerce Venture Limited) shares were offered within a price range of ₹1,085 to ₹1,125, but the company made its stock market debut ₹2,001 earlier today. Read more