Nykaa Fashion is now a significant driver for acquiring customers for Nykaa's beauty business. Both segme ...More

Nykaa Fashion is now a significant driver for acquiring customers for Nykaa's beauty business. Both segments are experiencing robust growth. The company's consolidated profit surged by 286% in the quarter ended FY26. Despite economic concerns, Nykaa sees no slowdown and anticipates acceleration in the fashion market. ...Less

Nykaa and Mamaearth parent companies saw share surges Friday. Both beauty firms reported strong profit ju ...More

Nykaa and Mamaearth parent companies saw share surges Friday. Both beauty firms reported strong profit jumps. International brokerages issued bullish calls. Nykaa's parent, FSN E-Commerce Ventures, posted a 286% profit increase. Mamaearth's parent, Honasa Consumer, reported a 177% profit jump. Analysts suggest patience for fresh investments in these stocks. ...Less

Nykaa share price surged to a 52-week high following strong March quarter results. Net profit jumped 286% ...More

Nykaa share price surged to a 52-week high following strong March quarter results. Net profit jumped 286% to Rs 78 crore, with revenue up 28% year-on-year. The company achieved its highest quarterly revenue and gross margin in 12 quarters. Analysts maintain positive ratings, citing growth momentum and AI initiatives. ...Less

Nykaa's parent company, FSN E-Commerce Ventures, witnessed a remarkable four-fold surge in its March quar ...More

Nykaa's parent company, FSN E-Commerce Ventures, witnessed a remarkable four-fold surge in its March quarter net profit, reaching Rs 79 crore. Full-year sales also crossed the Rs 10,000 crore mark for the first time, with operating revenue climbing 26% to Rs 10,022 crore. ...Less

Founded in 2024, KorinMi is a Korean beauty clinic that started with skin treatments and has now expanded ...More

Founded in 2024, KorinMi is a Korean beauty clinic that started with skin treatments and has now expanded to direct-to-consumer (D2C) products. Korean beauty or K-beauty is an umbrella term for skincare, makeup and treatment that originated in South Korea and focuses on long-term skin health rather than short-term fixes. ...Less

Despite geopolitical turmoil and inflation, domestic consumption of essentials and personal care products ...More

Despite geopolitical turmoil and inflation, domestic consumption of essentials and personal care products remains resilient. Company executives express optimism for demand sustenance but advise a cautious approach for the next two to three quarters due to ongoing inflationary pressures and supply chain disruptions. ...Less

Zee Entertainment has sued Nykaa for allegedly using its copyrighted songs in Instagram reels to promote ...More

Zee Entertainment has sued Nykaa for allegedly using its copyrighted songs in Instagram reels to promote its products, seeking $210,000 in damages, Reuters reported this month. ...Less

FSN E-Commerce Ventures, Nykaa's parent company, reported a significant 286% year-on-year surge in net pr ...More

FSN E-Commerce Ventures, Nykaa's parent company, reported a significant 286% year-on-year surge in net profit to Rs 78 crore for the March-ended quarter of FY2026. Revenue from operations also climbed 28% to Rs 2,648 crore. For the full fiscal year, net profit nearly tripled to Rs 199 crore, with revenue growing 26% to Rs 10,022 crore. ...Less

Markets saw a volatile session with Nifty trading below the 23,800-24,000 resistance zone, though select ...More

Markets saw a volatile session with Nifty trading below the 23,800-24,000 resistance zone, though select heavyweight buying limited downside. Several companies like ITC, Nykaa, and IndusInd Bank are in focus due to Q4 results and news developments, including Lenskart's profit decline and Dr. Reddy's new diabetes drug launch. ...Less

New-age companies Nykaa and Honasa Consumer posted multifold jumps in their quarterly profit. This and mo ...More

New-age companies Nykaa and Honasa Consumer posted multifold jumps in their quarterly profit. This and more in today’s ETtech Top 5. ...Less

A select group of 19 large-cap BSE-listed companies achieved triple-digit growth in both profit and reven ...More

A select group of 19 large-cap BSE-listed companies achieved triple-digit growth in both profit and revenue during Q4FY26, indicating strong business momentum. Raymond Realty and 63 Moons Technologies were among the top performers, showcasing robust execution and demand. While many firms saw significant profit jumps, only a few managed to double both revenue and profit simultaneously. ...Less

Companies are using AI to personalise discovery, improve marketing efficiency, reduce manual work in logi ...More

Companies are using AI to personalise discovery, improve marketing efficiency, reduce manual work in logistics, handle customer support, reduce failed deliveries, improve store productivity and speed up internal technology deployment. The use cases differ across companies, but the common thread is that AI is now being applied extensively to operating functions where scale, speed and accuracy matter. ...Less

India Inc is stepping up exports, increasing localisation and expanding currency hedging as the weakening ...More

India Inc is stepping up exports, increasing localisation and expanding currency hedging as the weakening rupee starts hurting margins. Companies are also advancing imports and inventory purchases to lock in costs amid fears of further currency depreciation. ...Less

Foreign portfolio investors offloaded Indian equities worth a net Rs 20,637 crore on Friday, marking one ...More

Foreign portfolio investors offloaded Indian equities worth a net Rs 20,637 crore on Friday, marking one of the sharpest single-day selloffs. This significant outflow coincided with the MSCI index rebalancing, leading to heightened trading volumes and prompting questions about the role of high-frequency trading in amplifying market movements. ...Less

Rising fuel and LPG prices are impacting India's consumption landscape unevenly. While some sectors like ...More

Rising fuel and LPG prices are impacting India's consumption landscape unevenly. While some sectors like QSR face margin compression due to high LPG dependence, others like alco-bev and retail show divergence based on cost structures and input reliance. Platform businesses are relatively insulated but face risks from restaurant partner struggles and ad revenue. ...Less

Legal troubles compounded for Byju Raveendran as a Singapore court sentenced him to six months in jail. T ...More

Legal troubles compounded for Byju Raveendran as a Singapore court sentenced him to six months in jail. This and more in today’s ETtech Top 5. ...Less

Indian equity markets show a mixed but improving consumption trend, with selective FMCG and premium retai ...More

Indian equity markets show a mixed but improving consumption trend, with selective FMCG and premium retail outperforming. Page Industries is highlighted as a strong recovery story, while Nykaa and Honasa are viewed cautiously. The pharma sector continues its outperformance, with Sun Pharma and Aurobindo Pharma looking attractive. ...Less

We have collated a list of recommendations from top brokerage firms from ETNow and other sources. ...More

We have collated a list of recommendations from top brokerage firms from ETNow and other sources. ...Less

US demand for H-1B visas has slumped to a seven-year low amid steeper costs and Trump-era policy shifts. ...More

US demand for H-1B visas has slumped to a seven-year low amid steeper costs and Trump-era policy shifts. This and more in today’s ETtech Top 5. ...Less

Latest data from companies including ITC Ltd, AWL Agri Business, Tata Consumer Products and Parle Product ...More

Latest data from companies including ITC Ltd, AWL Agri Business, Tata Consumer Products and Parle Products showed quick commerce accounted for 60-75% of their total online sales in FY26, rising sharply from less than half a year earlier. ...Less

FSN E-Commerce Ventures, Nykaa's parent company, has approved the reappointment of Adwaita Nayar and Anch ...More

FSN E-Commerce Ventures, Nykaa's parent company, has approved the reappointment of Adwaita Nayar and Anchit Nayar as whole-time directors for five-year terms starting July 1, 2026. The board also cleared new terms for independent directors Anita Ramachandran and Milind Sarwate. These reappointments are pending shareholder approval. ...Less

Happy Friday! Swiggy’s move to become an Indian-owned company hit a setback after the shareholder vote fe ...More

Happy Friday! Swiggy’s move to become an Indian-owned company hit a setback after the shareholder vote fell short. This and more in today’s ETtech Morning Dispatch. ...Less

Benchmark indices experienced a negative close on Thursday, marked by volatile trade and profit booking. ...More

Benchmark indices experienced a negative close on Thursday, marked by volatile trade and profit booking. Analysts anticipate the Nifty to continue its consolidation between 23,200 and 23,900. Several companies, including ITC, LIC, Sun Pharma, Maruti Suzuki, and Fino Payments Bank, are in focus due to Q4 results and other developments. ...Less

Gen Z is rapidly reshaping India’s online retail market, forcing brands and platforms to rethink traditio ...More

Gen Z is rapidly reshaping India’s online retail market, forcing brands and platforms to rethink traditional marketing strategies. Nearly half of India’s online fashion and beauty shoppers now belong to Gen Z, with companies like Amazon, Nykaa, Myntra and Shein tailoring their offerings to meet the cohort’s fast-changing preferences and high engagement levels. ...Less

Walmart's CEO John Furner has expressed enthusiasm over Flipkart's groundbreaking 13-minute delivery serv ...More

Walmart's CEO John Furner has expressed enthusiasm over Flipkart's groundbreaking 13-minute delivery service, marking it as a transformative element of their operations in India. This rapid-response system not only exemplifies Flipkart's innovative spirit but also aligns with Walmart's broader strategy of strengthening its international investments. ...Less

India's consumption sector is changing. Companies are now focusing on profits, not just growth. Quick com ...More

India's consumption sector is changing. Companies are now focusing on profits, not just growth. Quick commerce players like Blinkit are leading the way. Quick service restaurants are seeing a recovery. Trent is favored over DMart in retail. The top picks for the next year are Eternal, Trent, and Nykaa, offering diverse investment opportunities. ...Less

India's Zee Entertainment has sued Nykaa for allegedly using its copyrighted songs in Instagram reels to ...More

India's Zee Entertainment has sued Nykaa for allegedly using its copyrighted songs in Instagram reels to promote products, seeking $210,000 in damages. The lawsuit claims Nykaa used Zee's music without proper authorization, despite a licensing agreement with Meta for non-commercial use. ...Less

Zee Entertainment has filed a lawsuit against Nykaa. The company alleges Nykaa used its copyrighted songs ...More

Zee Entertainment has filed a lawsuit against Nykaa. The company alleges Nykaa used its copyrighted songs in Instagram reels to promote products. Zee is seeking damages of $210,000. Nykaa's lawyer informed the court that the disputed links have been removed. The case will be heard again on May 26. ...Less

MSCI’s May 2026 index rejig kept India’s overall representation in the MSCI Standard Index unchanged at 1 ...More

MSCI’s May 2026 index rejig kept India’s overall representation in the MSCI Standard Index unchanged at 165 stocks, even as four companies, including MCX and Indian Bank, were added and four others, such as Rail Vikas Nigam Limited and Kalyan Jewellers, were removed. The changes will take effect after market close on May 29. MSCI also carried out a major clean-up in the Small Cap index, where more than a dozen Indian stocks are set to exit. ...Less

Honasa Consumer’s board will consider a final dividend on May 21 alongside Q4 FY26 results, potentially m ...More

Honasa Consumer’s board will consider a final dividend on May 21 alongside Q4 FY26 results, potentially making Mamaearth’s parent the first listed new-age company to reward shareholders with a dividend amid improving stock performance and steady business growth expectations. ...Less

Neopolis Brands, founded by former Arvind Fashions MD & CEO Shailesh Chaturvedi, is in talks to raise Rs ...More

Neopolis Brands, founded by former Arvind Fashions MD & CEO Shailesh Chaturvedi, is in talks to raise Rs 100 crore from investors like Ashish Kacholia. The company plans to build a portfolio of global fashion accessory brands for the Indian market, starting with a partnership for Italy's Carpisa bags. ...Less

Zee Entertainment has sued Nykaa's parent company, FSN E-Commerce Ventures, for using its songs in Instag ...More

Zee Entertainment has sued Nykaa's parent company, FSN E-Commerce Ventures, for using its songs in Instagram promotions without permission. Nykaa's lawyers argue that Instagram's music licensing covers such usage. The company has removed the disputed reels. This case highlights ongoing challenges in music copyright compliance within India's commercial landscape. ...Less

Zee Entertainment has sued the Reliance-Disney joint venture. Zee alleges the company used its copyrighte ...More

Zee Entertainment has sued the Reliance-Disney joint venture. Zee alleges the company used its copyrighted music without permission after license agreements ended. Zee is seeking $3 million in damages. The lawsuit highlights growing disputes over content rights in India's media market. ...Less

Zee Entertainment and JioStar India are heading to mediation to resolve a music copyright dispute. Zee su ...More

Zee Entertainment and JioStar India are heading to mediation to resolve a music copyright dispute. Zee sued JioStar for alleged unauthorized use of its music. The Delhi High Court has ordered both companies to attempt an amicable settlement. JioStar must not use Zee's licensed works while the mediation is ongoing. The next hearing is scheduled for July 23. ...Less

Recode Studios' IPO opens today, aiming to build an omnichannel cosmetics brand amidst market competition ...More

Recode Studios' IPO opens today, aiming to build an omnichannel cosmetics brand amidst market competition. The Rs 44.6 crore SME issue, priced between Rs 150-158, saw decent grey market sentiment with a 25% premium. The company, founded in 2021, offers over 350 products and plans to use IPO funds for expansion and marketing. ...Less

Markets closed lower amid global headwinds and geopolitical worries. Several companies like Paytm, Bajaj ...More

Markets closed lower amid global headwinds and geopolitical worries. Several companies like Paytm, Bajaj Auto, and L&T are in focus due to Q4 results and news developments. Hero MotoCorp reported strong Q4 earnings, while L&T saw a profit decline but recommended a dividend. Bharti Airtel is exploring network slicing for premium services. ...Less

Our technical analysts identify select stocks every trading day that may gain momentum even in volatile m ...More

Our technical analysts identify select stocks every trading day that may gain momentum even in volatile markets. Here are the technical calls for today. ...Less

Today's consumers are embracing a more sustainable mindset, steering clear of throwaway items in favor of ...More

Today's consumers are embracing a more sustainable mindset, steering clear of throwaway items in favor of possessions that stand the test of time. They are prioritizing quality and longevity over low-cost, frequent transactions. This trend shines brightly in the world of jewellery, where many are choosing to invest in a smaller number of exquisite pieces. ...Less

Alaya By Stage3, an Indian wear brand, secured seed funding. The capital will boost operations and supply ...More

Alaya By Stage3, an Indian wear brand, secured seed funding. The capital will boost operations and supply chain. AI integration will enhance efficiency. The company aims for Rs 50 crore ARR in two years. This investment supports growth in the ethnic wear market. Alaya By Stage3 plans a larger institutional round later this year. ...Less

Nykaa’s parent, FSN E-Commerce Ventures, expects Q4 GMV growth in the late "twenties" and annual net reve ...More

Nykaa’s parent, FSN E-Commerce Ventures, expects Q4 GMV growth in the late "twenties" and annual net revenue growth in the upper "mid-twenties". Strong performances in beauty and fashion, 26 new stores, and potential acquisition of Deepika Padukone’s 82°E brand drove optimism, lifting shares nearly 4%. ...Less

Nykaa is reportedly in talks to acquire a stake in Deepika Padukone's skincare brand, 82°E. Despite initi ...More

Nykaa is reportedly in talks to acquire a stake in Deepika Padukone's skincare brand, 82°E. Despite initial struggles with pricing and positioning, Nykaa's market leadership and customer base could potentially revive the flagging D2C business. This move aligns with Nykaa's 'House of Nykaa' strategy amidst a booming Indian beauty market. ...Less

Nykaa is negotiating to buy a majority stake in Deepika Padukone's skincare brand 82°E. This move aims to ...More

Nykaa is negotiating to buy a majority stake in Deepika Padukone's skincare brand 82°E. This move aims to strengthen Nykaa's portfolio in a competitive market. 82°E has faced challenges with pricing and competition. Nykaa, a leading beauty retailer, is actively pursuing strategic acquisitions to grow its business. The Indian beauty market is experiencing rapid growth. ...Less

Nykaa's shares climbed following a robust Q4 FY2026 revenue update. The company anticipates its fastest g ...More

Nykaa's shares climbed following a robust Q4 FY2026 revenue update. The company anticipates its fastest growth in 12 quarters, driven by a strong fashion segment recovery and steady beauty sales. Full-year net sales are projected to accelerate, with aggressive retail expansion and a growing brand portfolio fueling optimism. ...Less

Nykaa is in talks with Deepika Padukone’s premium skincare brand 82°E to buy a majority stake. This and m ...More

Nykaa is in talks with Deepika Padukone’s premium skincare brand 82°E to buy a majority stake. This and more in today's ETtech Top 5. ...Less

Indian markets closed with over 1% gains, though volatility persisted. Analysts eye crude oil prices and ...More

Indian markets closed with over 1% gains, though volatility persisted. Analysts eye crude oil prices and India Vix for sustained recovery. Key stocks like Nykaa, NMDC, and Godrej Consumer are in focus due to Q4 results and news. PC Jeweller reported 32% revenue growth, while Titagarh Rail's subsidiary secured approval for expansion. ...Less

Happy Tuesday! The tech sector is seeing a slowdown in hiring driven by internal cost controls. This and ...More

Happy Tuesday! The tech sector is seeing a slowdown in hiring driven by internal cost controls. This and more in today's ETtech Morning Dispatch. ...Less

The Indian School of Business PGP Class of 2026 achieved significant placement success. A total of 1,117 ...More

The Indian School of Business PGP Class of 2026 achieved significant placement success. A total of 1,117 job offers were extended to 808 students across its campuses. The average salary package reached Rs 37.29 lakh per annum. Consulting, technology, and BFSI sectors were the dominant hiring domains. Accenture emerged as the top recruiter. ...Less

The government is considering issuing preference shares or fresh equity to keep its stake above 51 percen ...More

The government is considering issuing preference shares or fresh equity to keep its stake above 51 percent in the Power Finance Corporation after its merger with REC. This move aims to ensure the combined entity remains a government-owned NBFC. The merged company will be the largest government-owned NBFC, enhancing its capacity for large projects and competition. ...Less

International beauty brands are changing their India strategy. They are now focusing on online sales and ...More

International beauty brands are changing their India strategy. They are now focusing on online sales and reaching customers beyond major cities. Platforms like Myntra are key gateways for these brands. This shift is driven by a younger, digitally savvy consumer. Brands entering now are poised to shape India's beauty market for years to come. ...Less

Nykaa's parent company, FSN E-Commerce Ventures, has seen its shares surge by 64% over the past year. Thi ...More

Nykaa's parent company, FSN E-Commerce Ventures, has seen its shares surge by 64% over the past year. This rally follows strong operational performance and robust profit growth. Despite the impressive comeback, experts are divided on whether the current stock price offers a favorable risk-reward proposition. Some analysts recommend a buy on dips, while others suggest booking profits. ...Less

In a filing to the exchanges, the omnichannel retailer said the gross merchandise value (GMV) for the ver ...More

In a filing to the exchanges, the omnichannel retailer said the gross merchandise value (GMV) for the vertical is expected to be in the low thirties "indicating strong momentum in all of Nykaa’s beauty businesses – ecommerce platform, retail stores, owned brands and eB2B distribution”. ...Less

"This is to inform you Mr Arvind Agarwal, Chief Financial Officer of FSN E-Commerce Ventures Limited (“th ...More

"This is to inform you Mr Arvind Agarwal, Chief Financial Officer of FSN E-Commerce Ventures Limited (“the Company”) will be leaving the Company, effective close of business hours on November 25, 2022, to pursue other opportunities in the digital economy & start-up space," Nykaa said in a BSE filing. ...Less

Co-founded by Suchita Salwan and Dhruv Mathur in 2015, LBB had a total revenue of Rs 19.44 crore in 2021- ...More

Co-founded by Suchita Salwan and Dhruv Mathur in 2015, LBB had a total revenue of Rs 19.44 crore in 2021-22. "The transaction will enable the company to strengthen its content delivery, drive discovery for brands and make shopping experience more engaging for the customers," Nykaa said in a regulatory filing. Nykaa will acquire 100 per cent stake in LBB in an all-cash deal. ...Less

Nykaa IPO was open for subscription from October 28-November 1 to raise Rs 5,352 crore from its primary s ...More

Nykaa IPO was open for subscription from October 28-November 1 to raise Rs 5,352 crore from its primary stake sale. ...Less

Asthana, a chief executive in Tata’s ecommerce venture, was the CBO at Nykaa for four years and was also ...More

Asthana, a chief executive in Tata’s ecommerce venture, was the CBO at Nykaa for four years and was also on the company’s board. Nykaa said in its petition that such a high position in the company made him privy to confidential business data. Nykaa said it granted Asthana an exception to join a direct rival despite having a non-compete agreement with him. ...Less

Nykaa is looking to expand its portfolio with the launch of exclusive brand partnerships and increasing i ...More

Nykaa is looking to expand its portfolio with the launch of exclusive brand partnerships and increasing its offline footprint to 90 stores by 2020. ...Less

American private equity firm TPG Capital is likely to have sold shares in two block trades at Rs 184.55 p ...More

American private equity firm TPG Capital is likely to have sold shares in two block trades at Rs 184.55 per share, according to reports. In the two deals, 1.9% of Nykaa equity is said to have changed hands. ...Less

Astha Jain, Senior Research Analyst, Hem Securities, said the investors should not think of making any fr ...More

Astha Jain, Senior Research Analyst, Hem Securities, said the investors should not think of making any fresh investment in Nykaa at this point of time. ...Less

Brokerages have, however, remained bullish on the stock. Out of the 17 analysts with coverage on Nykaa, 1 ...More

Brokerages have, however, remained bullish on the stock. Out of the 17 analysts with coverage on Nykaa, 10 have strong buy ratings, two have buy, three have hold and two have sell calls, shows Trendlyne data. ...Less

PMS fund manager Deepak Shenoy had earlier warned in a tweet that if Nykaa did the bonus to reduce pressu ...More

PMS fund manager Deepak Shenoy had earlier warned in a tweet that if Nykaa did the bonus to reduce pressure from shareholders selling, this is a very short-sighted move and will backfire big time when shares actually come by. ...Less

Nykaa informed the stock exchanges that Arvind Agarwal will leave the company and step down from his role ...More

Nykaa informed the stock exchanges that Arvind Agarwal will leave the company and step down from his role on November 25, adding that he would "pursue other opportunities in the digital economy and start-up space". ...Less

The consensus recommendation from 16 analysts with a coverage on Nykaa is a buy with only two of them rec ...More

The consensus recommendation from 16 analysts with a coverage on Nykaa is a buy with only two of them recommending a sell, shows Trendlyne data. The highest target price on the stock goes to Rs 2,750 while the average target of Rs 1,705 shows an upside potential of over 33%. ...Less

Falguni Nayar, who owns about half of Nykaa, is now worth about $6.5 billion as shares of the firm surged ...More

Falguni Nayar, who owns about half of Nykaa, is now worth about $6.5 billion as shares of the firm surged as much as 89% when they started trading Wednesday. ...Less

"The fact that Nykaa's stock prices are 1,600 times the company's earnings is concerning. The best thing ...More

"The fact that Nykaa's stock prices are 1,600 times the company's earnings is concerning. The best thing for a value investor would be to go on a long vacation right about now," said Nikhil Kamath, co-founder, True Beacon and Zerodha. ...Less

The broker has a 12-month price target of Rs 2,750 on Nykaa. The counter traded at Rs 2,194, down nearly ...More

The broker has a 12-month price target of Rs 2,750 on Nykaa. The counter traded at Rs 2,194, down nearly 2 per cent on Wednesday morning. The stock has already doubled from its issue price of Rs 1,125. ...Less

Nykaa's parent company, FSN E-Commerce, witnessed a substantial 79% surge in net profit, reaching Rs 24.4 ...More

Nykaa's parent company, FSN E-Commerce, witnessed a substantial 79% surge in net profit, reaching Rs 24.47 crore in the fiscal first quarter, driven by a 23% revenue increase to Rs 2,155 crore. The beauty vertical's GMV grew by 26%, while the fashion vertical accelerated to 25% GMV growth. Nykaa is also set to acquire the remaining stake in Nudge Wellness. ...Less

This is a 5-year CAGR of 52%. Nykaa’s House of Brands combines seven beauty and five fashion brands. FSN ...More

This is a 5-year CAGR of 52%. Nykaa’s House of Brands combines seven beauty and five fashion brands. FSN E-Commerce, the parent entity of Nykaa, has set a GMV target of Rs 6,000 crore for the brands by FY30. ...Less

The company already had a presence abroad in the Gulf Cooperation Council (GCC) through its omnichannel p ...More

The company already had a presence abroad in the Gulf Cooperation Council (GCC) through its omnichannel platform called Nysaa. Launched in 2019, Kay Beauty is a part of the company’s House of Nykaa portfolio, which includes in-house brands such as Nykd, Nykaa Cosmetics, Dot & Key and Earth Rhythm. ...Less

Indian beauty and fashion retailer, Nykaa, expects a 25% increase in net sales value (NSV) and a 20% year ...More

Indian beauty and fashion retailer, Nykaa, expects a 25% increase in net sales value (NSV) and a 20% year-on-year revenue growth in Q2, mirroring its performance in Q1. The company's flagship event, the 'Hot Pink Sale', contributed to this growth. Nykaa's beauty and personal care segment is the biggest revenue driver, with a 20% YoY NSV growth expected. ...Less

Nykaa's parent company FSN E-Commerce Ventures saw its net profit surge 2.5 times to Rs 67.7 crore in the ...More

Nykaa's parent company FSN E-Commerce Ventures saw its net profit surge 2.5 times to Rs 67.7 crore in the December quarter. This growth was fueled by its beauty business, which reported improved margins and significant revenue increases. The fashion segment also posted higher sales. Nykaa's quick commerce offering, Nykaa Now, is expanding its reach and assortment. ...Less

Pipa Bella will continue to offer its services on its own website and also extend this functionality as a ...More

Pipa Bella will continue to offer its services on its own website and also extend this functionality as a consumer brand under the Nykaa Fashion portfolio, a statement said. ...Less

Nykaa Now delivered over 1.3 million orders as of the June quarter end. Nykaa recorded an annualised gros ...More

Nykaa Now delivered over 1.3 million orders as of the June quarter end. Nykaa recorded an annualised gross merchandise value of $2 billion across all platforms in Q1. ...Less

Beauty and fashion retail brand Nykaa is projected to grow at a compound annual growth rate (CAGR) of abo ...More

Beauty and fashion retail brand Nykaa is projected to grow at a compound annual growth rate (CAGR) of about 20% between FY24 and FY27, as forecasted by brokerage firm Jefferies. In FY24, Nykaa’s BPC segment was up 25% in GMV terms to Rs 8,340 crore, while the fashion segment grew 27% to Rs 3,269 crore. ...Less

"During the quarter, we continued to demonstrate strong GMV growth with improvement in gross margin, effi ...More

"During the quarter, we continued to demonstrate strong GMV growth with improvement in gross margin, efficiency in fulfilment and marketing cost lead to improvement in EBITDA margin YoY," Nykaa said in an exchange filing. ...Less

Nykaa currently offers a limited selection of products under men’s grooming on its main portal with the c ...More

Nykaa currently offers a limited selection of products under men’s grooming on its main portal with the category being one of the fastest growing ones for the firm. ...Less

Nykaa's parent company, FSN E-Commerce, announced a significant jump in net profit for the March quarter. ...More

Nykaa's parent company, FSN E-Commerce, announced a significant jump in net profit for the March quarter. Operating revenue also saw a healthy increase, driven by customer growth and brand partnerships. The beauty segment performed strongly, while fashion segment growth was more subdued. ...Less

Shares of FSN E-Commerce Ventures, the profit-making company that owns the Nykaa brand, soared 89.2% to R ...More

Shares of FSN E-Commerce Ventures, the profit-making company that owns the Nykaa brand, soared 89.2% to Rs 2,129 after opening at Rs 2,018 in pre-open trade. ...Less

Nykaa said LBB's content-first approach focussing on fashion, home and beauty categories aligns well its ...More

Nykaa said LBB's content-first approach focussing on fashion, home and beauty categories aligns well its strategy. ...Less

The Nykaa-Pipa Bella deal comes at a time when India’s largest online cosmetics retailer is lining up an ...More

The Nykaa-Pipa Bella deal comes at a time when India’s largest online cosmetics retailer is lining up an IPO some time this year at a valuation of $3.5 billion. ...Less

Investors can apply for Nykaa IPO till Monday, November 1. ...More

Investors can apply for Nykaa IPO till Monday, November 1. ...Less

Nykaa has secured an exclusive distribution pact to manage all of Kiehl's India operations, including its ...More

Nykaa has secured an exclusive distribution pact to manage all of Kiehl's India operations, including its direct-to-consumer website, exclusive brand outlets, and multi-brand retail presence. This partnership grants Kiehl's access to Nykaa's extensive consumer base and distribution network, aiming for faster fulfillment and expanded reach across India. ...Less

Nykaa plans to boost its in-house brand value to Rs 6,000 crore by FY30. The fashion section anticipates ...More

Nykaa plans to boost its in-house brand value to Rs 6,000 crore by FY30. The fashion section anticipates significant growth. Artificial intelligence is being integrated across operations. Nykaa's B2B platform, Superstore, is expanding to reach more retailers. The company is also piloting express delivery services. Nykaa is focusing on AI for personalized shopping and customer service. ...Less

This deal further plays into the consolidation that the industry is seeing with well-funded high growth b ...More

This deal further plays into the consolidation that the industry is seeing with well-funded high growth brands acquiring smaller niche companies to fill product gaps. "Following this investment by Nykaa, Dot & Key will join Nykaa's stable of owned brands," the company said in a release. ...Less

Nykaa Q2 Results: In an exchange filing, Nykaa said its EBITDA improved to Rs 61 crore vs Rs 28.8 crore i ...More

Nykaa Q2 Results: In an exchange filing, Nykaa said its EBITDA improved to Rs 61 crore vs Rs 28.8 crore in the year-ago period. Its consolidated margin also improved to 4.9% against 3.3% on a YoY basis. ...Less

The beauty and fashion retail brand is looking to expand globally and has announced investment plans thro ...More

The beauty and fashion retail brand is looking to expand globally and has announced investment plans through its wholly-owned subsidiary FSN International. The board of directors of Nykaa has approved and authorised the issuance of up to 12,500 NCDs with a face value of Rs 1,00,000 each to raise Rs 125 crore on a private placement basis, the filing showed. ...Less

Nihir Parikh, CEO of Nykaa’s fashion vertical, has resigned effective December 5, 2024, citing personal c ...More

Nihir Parikh, CEO of Nykaa’s fashion vertical, has resigned effective December 5, 2024, citing personal commitments. A Nykaa veteran since 2015, Parikh contributed significantly to the company’s growth. His departure comes amid slower-than-expected performance in the fashion segment and Nykaa’s focus on quick commerce initiatives, including piloting a 10-minute delivery service in Mumbai. ...Less

Harindarpal Singh Banga, founder of The Caravel Group, plans to sell a 2–2.5% stake in Nykaa. The deal is ...More

Harindarpal Singh Banga, founder of The Caravel Group, plans to sell a 2–2.5% stake in Nykaa. The deal is estimated at $150 million. Banga currently holds nearly 5% of Nykaa. The shares will be offered at a discount to Wednesday's closing price. Foreign institutional investors are expected to be the buyers. ...Less

Deciem, the company that owns The Ordinary brand of skincare cosmetics, will sell in the region through N ...More

Deciem, the company that owns The Ordinary brand of skincare cosmetics, will sell in the region through Nykaa’s omni-channel model of brick-and-mortar stores and online presence, Nicola Kilner, co-founder and chief executive of Deciem told ET in an exclusive interview. ...Less

Nykaa Fashion is only gaining market share slowly, it said, adding that Nykaa BPC will continue dominatin ...More

Nykaa Fashion is only gaining market share slowly, it said, adding that Nykaa BPC will continue dominating the competitive landscape and display operating leverage. The brokerage has factored in a slightly lower than expected growth/margins in Fashion while it feels that Superstore business will also require investments over the near to medium term. ...Less

Nykaa Q3 Results: Nykaa reported a 61% YoY growth in its consolidated net profit to Rs 26.12 crore, falli ...More

Nykaa Q3 Results: Nykaa reported a 61% YoY growth in its consolidated net profit to Rs 26.12 crore, falling short of the Street estimate. Revenue rose by 27% YoY to Rs 2,267 crore, aligning with expectations. The company's EBITDA for the October-December 2024 quarter stood at Rs 141 crore, with margins at 6.2%. ...Less

Given the recent volatility in the stock, we again bake in a higher cost of capital assumption, which yie ...More

Given the recent volatility in the stock, we again bake in a higher cost of capital assumption, which yields a target price of Rs 195 (Rs 251 earlier); maintain ‘BUY’. At CMP, Nykaa is trading at FY25E EV/sales of 5x. The confluence of both growth and profitability would be critical for valuations to improve. Besides, the gross margin miss, an aberration as per management, must reverse else as any structural impact could negate benefits in marketing and fulfilment. ...Less

The investment comes nine months after Nykaa raised Rs 166 crore in a primary transaction from Steadview ...More

The investment comes nine months after Nykaa raised Rs 166 crore in a primary transaction from Steadview Capital at a valuation of $1.2 billion. ...Less

Nykaa's shares surged by 5.7% after the company announced a 66% jump in Q2 profits, reaching Rs 13 crore. ...More

Nykaa's shares surged by 5.7% after the company announced a 66% jump in Q2 profits, reaching Rs 13 crore. This growth was fueled by a 24% rise in revenue, reaching Rs 1875 crore, driven by strong performance in its beauty and fashion segments and expanding retail network. ...Less

Arvind Agarwal, the chief financial officer of omnichannel fashion and beauty retailer Nykaa has resigned ...More

Arvind Agarwal, the chief financial officer of omnichannel fashion and beauty retailer Nykaa has resigned to pursue other options in the technology space. Nykaa said on Tuesday that it was in the process of appointing a new CFO. ...Less

Former CFO Arvind Agarwal quit Nykaa in November last year to join PayU, the fintech and payments arm of ...More

Former CFO Arvind Agarwal quit Nykaa in November last year to join PayU, the fintech and payments arm of Dutch investment giant Prosus. ...Less

Nykaa reported a strong July-September quarter with a 25% year-on-year revenue growth to Rs 2,346 crore a ...More

Nykaa reported a strong July-September quarter with a 25% year-on-year revenue growth to Rs 2,346 crore and a 154% surge in net profit to Rs 33 crore. This performance was largely driven by a revival in its fashion business, which saw a 37% increase in gross merchandise value, alongside continued momentum in its core beauty segment. ...Less

Shares of FSN E-commerce Ventures, Nykaa's parent company, rose 3% on BSE to Rs 176.60 after an investor ...More

Shares of FSN E-commerce Ventures, Nykaa's parent company, rose 3% on BSE to Rs 176.60 after an investor meeting where management expressed confidence in business growth. They anticipate healthy GMV growth in BPC, targeting mid-to-high 20s over FY2024-28E. Fashion business is expected to break even by FY2026. GCC expansion may require $3-5 million in capex medium-term. ...Less

Nykaa’s Q3FY22 gross margin improved 360 basis points QoQ to 46.3 per cent and Ebitda margin by 280 basis ...More

Nykaa’s Q3FY22 gross margin improved 360 basis points QoQ to 46.3 per cent and Ebitda margin by 280 basis points QoQ to 6.3 per cent driven by higher mix of fashion, higher mix of higher-end products in BPC and increasing share of owned brands. This was in fact Nykaa's highest gross margin ever. ...Less

Nykaa Q3 Results: Revenue from operations, meanwhile, surged 33% year-on-year (YoY) to Rs 1,462 crore for ...More

Nykaa Q3 Results: Revenue from operations, meanwhile, surged 33% year-on-year (YoY) to Rs 1,462 crore for the quarter under review. ...Less