FSN E-Commerce Ventures Ltd (NYKAA)

Nykaa and Purplle to Pilot Micro-Warehouses for Faster Order Fulfillment - 19 Jul, 2024

Nykaa and Purplle are testing dense networks of micro-warehouses, or dark stores, to fulfill orders within hours and improve margins. The move is likely to benefit their own brands as well.

Nykaa Parent Company Stake Sold by CPPIB - 11 Jul, 2024

Canada Pension Plan Investment Board (CPPIB) sold a partial stake in Nykaa's parent company, FSN E-Commerce Ventures, worth Rs 256 crore through block deals. Meanwhile, Nykaa reported a slowdown in its Q1 revenue growth due to the impact of elections and heatwaves on its physical retail business.

CPPIB Sells Stake in Nykaa Parent Company - 10 Jul, 2024

Canada Pension Plan Investment Board (CPPIB) has sold its partial stake in FSN E-Commerce Ventures Ltd., also known as Nykaa, through block deals, taking home about Rs 256 crore. The company reported an increase in consolidated net profit and revenues for Q4 FY24. Nykaa expects to post a revenue growth of around 22-23% YoY during Q1 FY25.

Nykaa Expects Strong Growth in Q1 FY25 - 08 Jul, 2024

FSN E-Commerce Ventures (Nykaa) anticipates a strong performance in Q1 FY25, with expected YoY revenue growth of 22-23% and mid-twenties gross merchandise value growth. The beauty vertical is projected to grow at 22-23%, while the fashion vertical is expected to deliver around 20% revenue growth.

FSN E-Commerce Ventures Expects Strong Revenue Growth - 07 Jul, 2024

FSN E-Commerce Ventures, the parent company of Nykaa, expects a robust revenue growth of approximately 22-23% YoY in Q1 FY2025. The consolidated GMV is projected to grow in the mid-twenties percentage range on a YoY basis.

Nykaa Predicted to Achieve Strong Growth in Personal Beauty Sector - 05 Jul, 2024

Analysts predict a 21% YoY increase in Beauty, Personal Care (BPC), and Fashion Gross Merchandise Value (GMV) for Nykaa. Overall revenue is expected to grow by 21.6% YoY to Rs 1,730 crore despite slight margin dip.

Nykaa Shares See Marginal Decline - 02 Jul, 2024

Nykaa, owned by FSN E-Commerce Ventures Ltd, saw a slight decrease in its stock price today. On the NSE, Nykaa's stock is currently priced at 175.60 INR, down by 0.35 INR (0.20%).

Nykaa Acquires Skincare Brand Dot & Key - 28 Jun, 2024

FSN E-Commerce Ventures' Nykaa has acquired homegrown skincare brand Dot & Key, making it the first D2C beauty brand acquired by the soon-to-be listed company. The Indian beauty and personal market is expected to hit ₹2 trillion by end of calendar year 2025.

Equirus Securities Initiates Coverage of Nykaa with Long Rating - 27 Jun, 2024

Equirus Securities has initiated coverage of FSN E-Commerce Ventures Ltd, which operates beauty and personal care retailer Nykaa, with a long rating and set a target price of Rs 240 apiece. The brokerage expects sales to grow at a CAGR of 26% over FY24-29, backed by Nykaa's strong positioning in the market and profitability. With about 38% of the online BPC market and an even larger proportion in the beauty sector alone, Nykaa is one of India's biggest online beauty retailers. Equirus sees a $31 billion opportunity for Nykaa by 2027.

Jefferies Reiterates Buy Call on Nykaa with Target Price of ₹220 - 20 Jun, 2024

Jefferies has reiterated its buy call on FSN E-Commerce Ventures (Nykaa) with a target price of ₹220, projecting a potential 28% upside. Despite increased competition, executives predict continued growth in the low-penetration coloured cosmetics market.