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Nykaa Expects Fashion Biz To Turn EBITDA Positive By FY26
Inc42
·
1y ago
Medial
Nykaa plans to achieve a positive EBITDA for its fashion business by the end of FY26 and increase it to 10% by FY27. The company also expects its beauty, personal care business to grow at a compound annual growth rate (CAGR) of mid-to-late 20% until FY28.
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Nykaa shares inch up as retailer reports strong Q2 sales, positive full-year outlook
Economic Times
·
1y ago
Medial
Beauty and fashion retailer Nykaa expects a 25% rise in net sales value (NSV) and 20% revenue growth in Q2, similar to its performance in Q1 of FY24. The company's flagship event, 'Hot Pink Sale', contributed to this growth. The beauty and personal care segment is the primary revenue contributor, with NSV expected to grow around 20% YoY. Nykaa Fashion also anticipates a 30% YoY increase in net sales value for the second quarter. Despite a lower share price since its listing, Nykaa remains positive about its performance, citing historical consumer demand in the second half of the year.
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Nykaa expects Q1 consolidated revenue to grow in mid-twenties
Economic Times
·
2y ago
Medial
Nykaa, the Indian beauty and cosmetics platform, anticipates its consolidated revenue for the first quarter to experience mid-twenties growth. The company expects this growth despite the challenges posed by the COVID-19 pandemic and the temporary closure of offline stores. Nykaa's positive revenue outlook reflects its resilience and ability to adapt to changing market conditions while maintaining a strong online presence. Nykaa said its fashion business has witnessed relative resilience through gradual improvement in order volume with sustained average order value AOV.
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'Quick commerce ops not hurting beauty biz, its aiding personal care'
Economic Times
·
2m ago
Medial
Nykaa is cautiously approaching quick commerce, recognizing its beauty category isn't suited for rapid delivery, though personal care is gaining traction. Nykaa Now is curated separately for quick commerce. Despite the rapid expansion of rivals into beauty, Nykaa's beauty business has maintained strong growth. Nykaa's parent company reported rising profits and revenues, driven by beauty and personal care. The fashion segment is growing slower, but still outpacing industry growth, with a distinct positioning from fast-fashion competitors.
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Blinkit Best Placed To Make The Most Of Quick Commerce Boom, Raise Zomato PT To INR 353: CLSA
Inc42
·
11m ago
Medial
CLSA predicts that Blinkit, Zepto, and Swiggy Instamart will achieve a combined gross order value of $10 billion by FY26. They believe Zomato, as a listed company, will benefit the most in the quick commerce sector. Additionally, CLSA expects Blinkit's EBITDA and net profit to become positive by FY25. The brokerage firm has an outperform rating on Zomato and has raised its price target for the company to INR 353 from INR 350, taking into account its recent acquisition of Paytm ticketing.
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Nykaa to pump in INR 150 Cr in its fashion vertical amid rising competition
Inc42
·
1y ago
Medial
Beauty and fashion e-commerce major Nykaa is planning to invest an additional INR 150 Cr in its fashion vertical, Nykaa Fashion Ltd. This strategic investment aims to provide long-term funds to Nykaa Fashion. Along with this, Nykaa will also acquire the lingerie and athleisure business from Nykaa Fashion for INR 229 Cr. The company reported a more than doubled net profit of INR 17.4 Cr in Q3 FY24, while its fashion vertical saw a 40% year-on-year growth in gross merchandise value. Nykaa faces competition from Myntra, Ajio, and Tata CliQ in the fashion e-commerce market.
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Nykaa expects consolidated revenue to rise 22-23% in April-June quarter
Economic Times
·
1y ago
Medial
Nykaa's parent company, FSN E-Commerce Ventures, expects a consolidated revenue growth of around 22-23% in the first quarter of FY25, with the beauty vertical showing strong momentum. However, the fashion industry is experiencing a soft demand environment, impacting growth. Nykaa's beauty vertical revenue is expected to grow by 22-23%, while the fashion vertical is projected to see a 20% YoY revenue growth. Despite challenges in the fashion industry, Nykaa remains optimistic about its performance.
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UltraTech lines up Rs 10,000 cr capex for FY26 to bolster capacity
Economic Times
·
11d ago
Medial
UltraTech Cement plans to invest Rs 10,000 crore in FY26 to expand capacity and improve efficiency. The company achieved a significant capacity milestone of 188.8 MTPA and aims for 200 MTPA soon, driven by acquisitions like India Cements and Kesoram Industries. UltraTech expects cement demand growth of 6-7% in FY26, bolstered by government infrastructure investments. Despite recent market challenges, they foresee higher volume growth, improved margins, and a reduced net debt to EBITDA ratio.
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Nykaa sues former executive Asthana who now heads Tata Cliq
Economic Times
·
11m ago
Medial
Nykaa, a beauty and fashion product retailer, has filed a lawsuit against its former chief business officer, Gopal Asthana, who now heads Tata Digital's fashion business, Tata Cliq. Nykaa accuses Asthana of breaching confidentiality, misappropriating proprietary data, and attempting to harm its business by recruiting Nykaa employees to join Tata Cliq. Nykaa is seeking a refund of employee stock option benefits and damages amounting to Rs 24 crore. The Bombay High Court has ordered Asthana to refrain from hiring Nykaa executives for Tata Cliq. Both Nykaa and Tata Cliq have not commented on the matter.
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Can Nykaa’s house-of-brands strategy be its next growth driver?
Livemint
·
1y ago
Medial
Nykaa, the online beauty and fashion marketplace, is focused on becoming a "house of brands" rather than just a multi-brand retailer. The company has seen growth in the beauty segment, with brands such as Dot & Key, Nykaa Cosmetics, and Nykd by Nykaa gaining traction. However, progress has been slower in the fashion segment. Building a successful house of brands is challenging, and Nykaa will need to find ways to scale all of its brands to make the most of its investment and effort. The company is also facing competition from other marketplaces in the fashion category.
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Ola expects auto business to be free cash positive by FY26-end: Bhavish Aggarwal - The Economic Times
Economic Times
·
25d ago
Medial
Ola Electric's automotive division aims to become cash positive by fiscal year 2026, despite a 50% decline in year-on-year operating revenue in the June quarter due to competitive pressures. The business reported positive EBITDA in June and plans to consume only an additional ₹400-500 crore in cash. Ola Electric is focusing on expanding its distribution network and product offerings while anticipating sales of 325,000-375,000 units in FY26, amid challenges from market competitors.
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