On Wednesday, Nykaa announced plans to acquire an 82% stake in Simply Nam for up to Rs 33 crore, bringing ...More

On Wednesday, Nykaa announced plans to acquire an 82% stake in Simply Nam for up to Rs 33 crore, bringing the brand into its House of Nykaa portfolio as it looks to tap into consumer segments beyond its core marketplace business. ...Less

Nykaa is expanding its quick-commerce service, Nykaa Now, to more than 25 cities by FY27-end, from 15 in ...More

Nykaa is expanding its quick-commerce service, Nykaa Now, to more than 25 cities by FY27-end, from 15 in Q2FY27. The company is banking on a deeper beauty catalogue, higher average order values and greater purchase frequency to differentiate its offering, though it has not disclosed the service's standalone financial performance. ...Less

Nykaa reported a 207% year-on-year surge in Q2 FY27 net profit to Rs 101 crore, driven by 28% revenue gro ...More

Nykaa reported a 207% year-on-year surge in Q2 FY27 net profit to Rs 101 crore, driven by 28% revenue growth and improved margins. Strong performance prompted Nomura and Jefferies to raise target prices while retaining Buy ratings. Motilal Oswal maintained Neutral, citing expensive valuations despite robust growth prospects. ...Less

Nykaa reported a 207% year-on-year profit surge to Rs 101 crore in Q2FY27, with revenue rising 28% to Rs ...More

Nykaa reported a 207% year-on-year profit surge to Rs 101 crore in Q2FY27, with revenue rising 28% to Rs 3,006 crore. Beauty and fashion businesses accelerated growth, while quick commerce, owned brands and strategic acquisitions strengthened expansion. ...Less

Nykaa said it is acquiring 82% stake in Simply Nam for a cash consideration of Rs 33 crore. The 2022-foun ...More

Nykaa said it is acquiring 82% stake in Simply Nam for a cash consideration of Rs 33 crore. The 2022-founded brand clocked Rs 17 crore in turnover for fiscal 2026, up from Rs 9.6 crore in FY25. The transaction adds to a series of acquisitions Nykaa has made across its beauty and fashion verticals. ...Less

The platform’s gross merchandise value (GMV) grew 30% YoY to Rs 6,151 crore in the September quarter. The ...More

The platform’s gross merchandise value (GMV) grew 30% YoY to Rs 6,151 crore in the September quarter. The beauty and personal care business reported a 25% expansion to Rs 4,454 crore and the fashion segment recorded a 42% increase to Rs 1,674 crore. ...Less

Happy Friday! Festive inventory demand has lifted invoice financing on TReDS platforms. This and more in ...More

Happy Friday! Festive inventory demand has lifted invoice financing on TReDS platforms. This and more in today’s ETtech Morning Dispatch. ...Less

New-age companies Nykaa, Lenskart, and PhysicsWallah reported strong numbers for the September quarter. T ...More

New-age companies Nykaa, Lenskart, and PhysicsWallah reported strong numbers for the September quarter. This and more in today’s ETtech Top 5. ...Less

Happy Thursday! Govt has lowered entry barriers for GPU bidders, but pricing concerns remain. This and mo ...More

Happy Thursday! Govt has lowered entry barriers for GPU bidders, but pricing concerns remain. This and more in today’s ETtech Morning Dispatch. ...Less

Indian equity markets have enjoyed a remarkable stretch, registering gains for five consecutive sessions. ...More

Indian equity markets have enjoyed a remarkable stretch, registering gains for five consecutive sessions. The Nifty 50 index showed impressive growth, sparking optimism for a breakout beyond 24,000. Companies like Lenskart, Aurobindo Pharma, and BSE are in the spotlight as they report positive earnings. Experts advise keeping an eye on the support levels as the bullish trend persists. ...Less

India Inc witnessed a strong earnings recovery in Q2 FY27, with 181 companies more than doubling their ne ...More

India Inc witnessed a strong earnings recovery in Q2 FY27, with 181 companies more than doubling their net profits year-on-year, according to Ace Equity data. Gains spanned banking, metals, energy, pharmaceuticals and consumer sectors. From Indian Oil and JSW Steel to Paytm and Lenskart, here are the biggest profit gainers and what drove their growth. ...Less

The direct-to-consumer (D2C) will use the funds for research and development (R&D), new product launches, ...More

The direct-to-consumer (D2C) will use the funds for research and development (R&D), new product launches, brand building and hiring, as it looks to expand its portfolio, founder Kanupriya Ahluwalia told ET. ...Less

Founded in 2021 by Romita Mazumdar, Foxtale is a beauty and skincare brand that sells moisturisers, sunsc ...More

Founded in 2021 by Romita Mazumdar, Foxtale is a beauty and skincare brand that sells moisturisers, sunscreens, serums, cleansers and more based on different skin types. It competes with L'Oréal-backed Deconstruct, Nykaa-owned Dot & Key, HUL-owned Minimalist and others. ...Less

Crude oil price : Crude oil prices have dropped significantly following the Democratic victory in the rec ...More

Crude oil price : Crude oil prices have dropped significantly following the Democratic victory in the recent US midterm elections. This political shift has raised hopes for a possible negotiated settlement of the conflict in Iran. Goldman Sachs predicts potential price increases for oil if production issues persist in the Gulf region. Analysts face uncertainty in forecasting the future of the ongoing war and its impact on oil prices. ...Less

Benchmark indexes rose in Japan and Australia, pushing the MSCI Asia Pacific Index up by 0.3%. That was a ...More

Benchmark indexes rose in Japan and Australia, pushing the MSCI Asia Pacific Index up by 0.3%. That was after the S&P 500 Index jumped 1.6%, its biggest gain in three months, and the tech-heavy Nasdaq 100 climbed 0.9%. South Korea was the outlier, with the Kospi Index dropping 2.7%, reflecting investor concerns over the future of data-center development and losses in US chip stocks. ...Less

New-age beauty and personal care brands in India demonstrated impressive revenue growth in fiscal year 20 ...More

New-age beauty and personal care brands in India demonstrated impressive revenue growth in fiscal year 2026. Companies like Foxtale and Innovist achieved significant increases, doubling and tripling their sales figures. In contrast, older brands such as Sugar Cosmetics experienced revenue declines due to intensified competition and a lack of product innovation. Many newer brands focus on niche market segments and specific consumer problems to attract customers. ...Less

At GFF 2026, PRISM founder Ritesh Agarwal and Adyen’s Chief Commercial Officer Roelant Prins discussed wh ...More

At GFF 2026, PRISM founder Ritesh Agarwal and Adyen’s Chief Commercial Officer Roelant Prins discussed why, for merchants such as small hotel owners, how quickly money arrives now matters as much as whether a payment is accepted, and why AI is changing back offices faster than it is changing how people buy. ...Less

Gold surged 5% to cross $4,100 per ounce, marking its biggest single-day gain since mid-August. Silver al ...More

Gold surged 5% to cross $4,100 per ounce, marking its biggest single-day gain since mid-August. Silver also climbed past the $50 per ounce mark, rising 6%. Both precious metals staged a strong recovery from October’s steep losses, with silver leading the gains. Lower borrowing costs and a weaker dollar provided further support to bullion prices. ...Less

Indian stock markets surged nearly 2% on November 2, with Sensex gaining 1,233 points and Nifty rising 38 ...More

Indian stock markets surged nearly 2% on November 2, with Sensex gaining 1,233 points and Nifty rising 388 points. Falling crude oil prices, strong corporate earnings, positive global cues and foreign investor buying boosted sentiment. ...Less

Russian exporters are increasingly tapping into the Indian market, utilizing platforms like the permanent ...More

Russian exporters are increasingly tapping into the Indian market, utilizing platforms like the permanent pavilion in Navi Mumbai. Additionally, e-commerce giants such as Amazon India and niche platforms are playing a vital role in this process. An upcoming international export forum in Moscow aims to strengthen these ties through collaboration and technological discussions. ...Less

The Indian stock market continues its upward momentum, with the Nifty 50 showing a robust rally and hitti ...More

The Indian stock market continues its upward momentum, with the Nifty 50 showing a robust rally and hitting significant resistance levels. Major players like NSE and SBI have posted remarkable quarterly results, illustrating their strong profitability and revenue growth. Firms such as Happiest Minds Technologies and the Multi Commodity Exchange of India contributed positively to the market's performance. ...Less

Indian equities rallied over 1% on Thursday as the Federal Reserve held interest rates steady, crude pric ...More

Indian equities rallied over 1% on Thursday as the Federal Reserve held interest rates steady, crude prices eased and institutional buying strengthened sentiment. Sensex gained 905 points, while Nifty rose 238 points, adding nearly ₹5 lakh crore in market value. ...Less

India's 2026 festive ecommerce season has initiated with strong performance from online retail platforms. ...More

India's 2026 festive ecommerce season has initiated with strong performance from online retail platforms. Flipkart saw a significant increase in daily active users during its Big Billion Days sale. Non-metro shoppers contributed greatly to this demand, accounting for about 60 percent of total activity. Myntra retained its position as the largest fashion platform, experiencing notable increases in user engagement. ...Less

L'Oreal is seeing substantial growth in its Indian market, supported by enhanced team capabilities and lo ...More

L'Oreal is seeing substantial growth in its Indian market, supported by enhanced team capabilities and localization strategies. The company's consumer products division reported double-digit growth, particularly in haircare and skincare. L'Oreal is expanding its skincare brands CeraVe and La Roche-Posay into new cities to meet rising consumer demand. Additionally, L'Oreal has acquired a majority stake in Innovist to boost its digital-first marketing approach in India. ...Less

At GFF 2026, PRISM founder Ritesh Agarwal and Adyen’s Chief Commercial Officer Roelant Prins discussed wh ...More

At GFF 2026, PRISM founder Ritesh Agarwal and Adyen’s Chief Commercial Officer Roelant Prins discussed why, for merchants such as small hotel owners, how quickly money arrives now matters as much as whether a payment is accepted, and why AI is changing back offices faster than it is changing how people buy. ...Less

As of October 23, five NSE F&O stocks recorded more than 7% growth in futures open interest, signalling i ...More

As of October 23, five NSE F&O stocks recorded more than 7% growth in futures open interest, signalling increased trader participation and fresh position-building. FSN E-Commerce Ventures and Godfrey Phillips India led the list with 10.88% increases each, followed by CG Power, Ujjivan Small Finance Bank and Siemens Energy India. ...Less

Over the past few weeks, much has been written about former employees of the online commerce company writ ...More

Over the past few weeks, much has been written about former employees of the online commerce company writing to Walmart's board, asking for liquidity on the stock options they were granted 10 to 15 years ago. On October 1, at least eight former senior executives, among them former Myntra CEO Mukesh Bansal and former chief business officer Ankit Nagori, wrote to Walmart chairman Gregory Penner, other board members and Flipkart Group CEO Kalyan Krishnamurthy, seeking a complete exit for all former employees holding vested options. ...Less

L’Oreal announced in June that it would acquire a majority stake in Innovist, the parent of brands such a ...More

L’Oreal announced in June that it would acquire a majority stake in Innovist, the parent of brands such as Bare Anatomy, Chemist at Play and SunScoop, at a valuation of around Rs 4,100 crore. The transaction closed in October, with people familiar with the matter saying Innovist’s revenue grew another 50% between June and October. ...Less

Nifty gained 3% last week, forming a higher-top and higher-bottom structure, indicating bullish sentiment ...More

Nifty gained 3% last week, forming a higher-top and higher-bottom structure, indicating bullish sentiment. Analysts suggest it must breach key resistance levels for more substantial gains ahead. Meanwhile, Bank Nifty is approaching significant resistance, which may hinder further upside potential shortly. Key stocks like Coforge, Kotak Bank, and Indian Hotels present buying opportunities based on technical analysis. ...Less

There is a set of companies that sees the shape of the economy before economists do. They know when a hou ...More

There is a set of companies that sees the shape of the economy before economists do. They know when a household decides to spend or hold back; to buy better things or cheaper ones. This festive season, what these companies sell, and what they say about it afterwards, will tell you more about where consumption is headed than any official number. Watch them closely. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members. ...Less

SBI Securities’ Sudeep Shah sees scope for Nifty’s recovery if it holds 22,750, with IT, private banks an ...More

SBI Securities’ Sudeep Shah sees scope for Nifty’s recovery if it holds 22,750, with IT, private banks and media leading. He flags key resistance levels, banking earnings, improving FII flows and continued large-cap outperformance, while warning that a durable reversal remains unconfirmed. ...Less

Honasa Consumer, the parent company of Mamaearth, expects consolidated NSV growth in the early thirties y ...More

Honasa Consumer, the parent company of Mamaearth, expects consolidated NSV growth in the early thirties year-on-year (YoY) during the quarter, building on the momentum established in the first quarter of FY27, according to a filing with the stock exchanges. NSV refers to the net sales value after accounting for returns, taxes, discounts, and cancellations. ...Less

Nykaa parent FSN E-Commerce Ventures shares rose after the company indicated strong Q2 FY27 growth moment ...More

Nykaa parent FSN E-Commerce Ventures shares rose after the company indicated strong Q2 FY27 growth momentum across Beauty and Fashion. Consolidated GMV is expected to grow in the high 20s, while NSV and net revenue growth are projected in the early and high 20s, respectively. ...Less

Nykaa said fashion was a faster-growing vertical, with NSV expected to grow in the late forties and net r ...More

Nykaa said fashion was a faster-growing vertical, with NSV expected to grow in the late forties and net revenue in the early forties. Nykaa said more than 250 brands were added during the quarter and that its partnership with Nike continued to see "encouraging early traction," supported by exclusive drops. ...Less

Nifty snapped its eight-week losing streak as bullish technical signals emerged near key support levels. ...More

Nifty snapped its eight-week losing streak as bullish technical signals emerged near key support levels. Analysts see Nifty Private Bank outperforming in the short term, while Radico Khaitan, Karur Vysya Bank, ICICI General Insurance and Nykaa remain on traders' radar. ...Less

Consumer demand gained momentum for companies like Marico and Godrej Consumer Products in the second quar ...More

Consumer demand gained momentum for companies like Marico and Godrej Consumer Products in the second quarter. Retailers including D-Mart and V-Mart Retail showed strong sales growth, although D-Mart's shares declined significantly. Marico reported a double-digit volume growth, while Godrej tracked revenue growth in the teens despite inflationary risks. Nykaa experienced robust growth in its beauty and fashion segments during the quarter. ...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

Happy Wednesday! ElevenLabs CEO Mati Staniszewski weighs in on the AI slowdown debate. This and more in t ...More

Happy Wednesday! ElevenLabs CEO Mati Staniszewski weighs in on the AI slowdown debate. This and more in today’s ETtech Morning Dispatch. ...Less

Consumer brands are turning to tier-2 and smaller cities for festive-season growth as urban consumption w ...More

Consumer brands are turning to tier-2 and smaller cities for festive-season growth as urban consumption weakens. Titan, Nykaa, Biba, Fabindia and Forest Essentials are expanding their reach through sharper marketing, distribution and delivery, while Amazon has widened instant delivery to more cities, seeking to tap rising demand beyond metros. ...Less

Chandra has been selected for the Midas Touch honour for best investor at The ET Startup Awards 2026, wit ...More

Chandra has been selected for the Midas Touch honour for best investor at The ET Startup Awards 2026, with the jury recognising his track record of backing companies early and delivering significant exits. ...Less

An ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age ...More

An ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age companies shows sales by investors including Japan’s SoftBank group and venture capital firms Peak XV Partners, Elevation Capital and Accel. ...Less

Nykaa and L’Oréal’s corporate venture fund BOLD will jointly invest in Indian beauty and personal care br ...More

Nykaa and L’Oréal’s corporate venture fund BOLD will jointly invest in Indian beauty and personal care brands, according to an exchange filing by the Mumbai-based company. ...Less

After Nifty’s longest weekly losing streak in 25 years, analysts advise caution as the index trades below ...More

After Nifty’s longest weekly losing streak in 25 years, analysts advise caution as the index trades below its 200-week moving average. The 22,600 level remains crucial, with further downside possible if Nifty fails to reclaim it decisively. ...Less

For decades, there was a familiar way to understand the Indian consumer. Economists waited for GDP, indus ...More

For decades, there was a familiar way to understand the Indian consumer. Economists waited for GDP, industrial production, inflation, credit growth and other official numbers, and then used them to work out whether households were spending more or pulling back. Those indicators still matter. But the Indian consumer has changed faster than the dashboard used to track consumption and spending patterns. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members. ...Less

Happy Friday! IRDAI's overhaul plan could significantly impact the new-age insurance distribution industr ...More

Happy Friday! IRDAI's overhaul plan could significantly impact the new-age insurance distribution industry. This and more in today’s ETtech Morning Dispatch. ...Less

Spending on ecommerce advertising is expected to rise 27% YoY to Rs 30,091 crore in 2026, as brands incre ...More

Spending on ecommerce advertising is expected to rise 27% YoY to Rs 30,091 crore in 2026, as brands increasingly seek ad formats that directly link an impression to a transaction. ...Less

YouTube is enhancing its shopping experience by implementing new AI tools for product inquiries. The plat ...More

YouTube is enhancing its shopping experience by implementing new AI tools for product inquiries. The platform has expanded its affiliate program in India, partnering with several well-known retailers. Creators can now engage with audiences more effectively through improved AI capabilities. Additionally, YouTube reports that shopping-related content watch time in India has significantly increased. ...Less

The figure was calculated by dividing each company’s value equally among its founders and adding only the ...More

The figure was calculated by dividing each company’s value equally among its founders and adding only the share of those who grew up in India. If one of four founders of a $10-billion company met that definition, $2.5 billion was counted. It does not represent actual shareholdings or personal wealth. The 205 companies had a total valuation of $1.09 trillion. ...Less

India’s new-age internet companies may be sitting on a profit engine that investors are still not fully p ...More

India’s new-age internet companies may be sitting on a profit engine that investors are still not fully pricing in: advertising. ...Less

The transaction involves a 4,537.29 sq ft apartment on the first floor of Kamal Mahal, Anand Kamal Co-ope ...More

The transaction involves a 4,537.29 sq ft apartment on the first floor of Kamal Mahal, Anand Kamal Co-operative Housing Society Ltd, located on M L Dahanukar Marg, also known as Carmichael Road. The deal works out to around Rs 1.98 lakh per sq ft based on the carpet area. ...Less

The company confirmed it has raised its stake in Earth Rhythm by about 25%. The new shares have now been ...More

The company confirmed it has raised its stake in Earth Rhythm by about 25%. The new shares have now been officially transferred to the company. ...Less

Nike’s decline is raising questions about how the sportswear giant lost its competitive edge. Falling rev ...More

Nike’s decline is raising questions about how the sportswear giant lost its competitive edge. Falling revenue, a collapsing market value, weaker China sales, inventory pressure and growing competition from Hoka, On, Adidas, Anta and Li Ning have challenged its dominance. CEO Elliott Hill is rebuilding wholesale, product innovation and regional strategies as Nike fights to restore growth and brand appeal. ...Less

Amazon and Flipkart are expanding into quick commerce, microdramas, OTT videos and food delivery as they ...More

Amazon and Flipkart are expanding into quick commerce, microdramas, OTT videos and food delivery as they lose active users to 10-minute delivery platforms. Their combined monthly active user share fell from 67% in 2022 to 53% in August 2026, while quick commerce apps’ share rose to 16%. ...Less

Morgan Stanley retained its Overweight rating on Varun Beverages with a Rs 557 target, while Nuvama maint ...More

Morgan Stanley retained its Overweight rating on Varun Beverages with a Rs 557 target, while Nuvama maintained a Hold on Cyient and raised its target to Rs 1,050. Elara Securities retained its Buy rating on Nykaa and increased its target to Rs 475, citing premiumisation, stronger customer quality and growth in online beauty and personal care. ...Less

Sugar Cosmetics is raising fresh capital from existing investor A91 Partners at a valuation more than 80% ...More

Sugar Cosmetics is raising fresh capital from existing investor A91 Partners at a valuation more than 80% below its peak. The funding comes as the D2C beauty brand battles mounting losses, falling revenues and the challenges of aggressive offline expansion. ...Less

Overseas investors continued buying Indian equities for five straight fortnights. They invested over thir ...More

Overseas investors continued buying Indian equities for five straight fortnights. They invested over thirteen thousand crore rupees in the latter half of August. Consumer services, financials, and healthcare sectors received significant foreign portfolio inflows. Capital goods also saw renewed investor interest after previous outflows. Oil, gas, and consumable fuels experienced the largest foreign investment outflows. ...Less

Ten stocks across autos, consumer technology, healthcare and financial services could benefit from strong ...More

Ten stocks across autos, consumer technology, healthcare and financial services could benefit from stronger festive-season discretionary spending, supported by improving demand, product launches, operating leverage, credit growth and rising consumer activity. ...Less

In the June quarter, the company outlined plans to strengthen its premium beauty portfolio through acquis ...More

In the June quarter, the company outlined plans to strengthen its premium beauty portfolio through acquisitions like Aminul, a D2C (direct-to-consumer) brand, and launch its quick commerce service Nykaa Now in more cities. While premiumisation is expected to support margins, growth in fashion and rapid delivery will require continued investment, say analysts. ...Less

Nykaa operator FSN E-Commerce Ventures saw its shares fall despite a strong Q1 FY27 performance. Consolid ...More

Nykaa operator FSN E-Commerce Ventures saw its shares fall despite a strong Q1 FY27 performance. Consolidated net profit more than tripled to Rs 80 crore, while revenue rose 29% YoY to Rs 2,782 crore. ...Less

Nykaa said that the brand, which sells products such as serums and sleep oils, operates "in a sizeable hi ...More

Nykaa said that the brand, which sells products such as serums and sleep oils, operates "in a sizeable high growth segment". "It is among the top premium skincare brands on Nykaa.com in the Rs 1,000-1,900 price range," the company said. ...Less

Zee Entertainment has launched a lawsuit against Nykaa, accusing it of utilizing copyrighted music in its ...More

Zee Entertainment has launched a lawsuit against Nykaa, accusing it of utilizing copyrighted music in its promotional Instagram reels. In response, Nykaa asserts that Meta, which owns Instagram, licenses music for all users. The fashion brand maintains that their use of in-app music tools is in accordance with existing agreements. ...Less

Nykaa's operating revenue rose 29% year-on-year (YoY) to Rs 2,782 crore in Q1FY27, up from Rs 2,155 crore ...More

Nykaa's operating revenue rose 29% year-on-year (YoY) to Rs 2,782 crore in Q1FY27, up from Rs 2,155 crore a year prior. Including other income of Rs 9.3 crore this quarter, its total income stood at Rs 2,791.3 crore. ...Less

India’s festive season is expected to drive a strong consumption boost, with analysts identifying sectors ...More

India’s festive season is expected to drive a strong consumption boost, with analysts identifying sectors and stocks that could benefit. The period from Ganesh Chaturthi through Navratri, Dussehra, Dhanteras, Diwali and the wedding season typically brings higher footfalls, orders, ticket sizes and margins. ...Less

Nykaa's quarterly profit saw a significant increase, more than tripling year-on-year. Strong growth in th ...More

Nykaa's quarterly profit saw a significant increase, more than tripling year-on-year. Strong growth in the beauty business and fashion sales acceleration drove this profit rise. The company's revenue from operations also increased by over twenty-nine percent. Analysts expect continued strength across both beauty and fashion segments. Improved conversion and customer acquisition fueled the fashion business's sharp acceleration. ...Less

Ankit Jain has taken the helm of Nykaa Now, the company’s quick delivery service, in a bold strategic mov ...More

Ankit Jain has taken the helm of Nykaa Now, the company’s quick delivery service, in a bold strategic move. Nykaa intends to broaden its 30-minute beauty delivery service to cater to all high-demand locations by the end of FY30. Currently active in thirteen cities, Nykaa Now is also upgrading its next-day and hyperlocal delivery capabilities. This initiative underscores the rising emphasis on vertical quick commerce across various sectors. ...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

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

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

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

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

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

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

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

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 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

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

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, 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

"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

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

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

Investors can apply for Nykaa IPO till Monday, November 1. ...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 share price gained 3% following a robust quarterly business update. The company anticipates nearly ...More

Nykaa share price gained 3% following a robust quarterly business update. The company anticipates nearly 30% year-on-year growth in consolidated net revenue for the June quarter. This surge is largely attributed to a significant turnaround in its fashion segment, projecting around 55% net sales value growth, alongside continued strength in its core beauty business. ...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

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

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

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

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

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

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

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