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India’s Nykaa shares rise 5% on strong Q3 forecast
Shares of Nykaa, a beauty and fashion ecommerce company, increased by 5.21% to 176.50 rupees (US$2.06) during intraday trading on Monday, following the company’s Q3 FY2025 forecast.
The company projected consolidated net revenue growth exceeding the mid-20% range, with a 30% growth in gross merchandise value (GMV) for its beauty segment and 20% growth in fashion.
Net sales value (NSV) growth for Q3 FY2025 is expected to be in the low to mid-teens.
Despite subdued demand in online fashion, Nykaa remains confident in the sector’s long-term growth.
The company has also strengthened its beauty offerings with the acquisition of a majority stake in D2C brand Earth Rhythm in November.
Recent Nykaa developments
| Timeline |
|---|
06-Dec-2024 🚀 India’s Nykaa Fashion CEO resigns for personal reasons
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24-Jan-2023 💄 Nykaa names ex-Godrej exec as CFO
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09-Feb-2022 📉 Nykaa posts 58% dip in Q3 profit
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09-Feb-2022 📈 Nykaa’s financial health in 5 charts
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| 29-Oct-2021 📈 Nykaa used this deck for its $700m IPO pitch |
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