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Nykaa shares inch up as retailer reports strong Q2 sales, positive full-year outlook

Economic Times

Economic Times · 1y ago

Nykaa shares inch up as retailer reports strong Q2 sales, positive full-year outlook

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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Gainers & Losers: 10 stocks that moved the most on October 17

Money Control

Money Control · 10m ago

Gainers & Losers: 10 stocks that moved the most on October 17

The Sensex and Nifty continued to decline, driven by foreign investor selling, weak earnings reports, and geopolitical tensions. Bajaj Auto's reduced sales growth guidance led to a significant drop in the Nifty Auto index. CRISIL's shares slipped despite reporting a YoY increase in net profit. Kolte-Patil Developers' strong Q2 results resulted in a surge in shares. Nalco's shares rose due to positive global trends. Mphasis reported a jump in net profit but a drop in revenue. Nestle India's shares dropped after a marginal decline in quarterly profit. Hero MotoCorp shares declined due to weak demand. Hind Rectifiers and Titagarh Rail saw positive gains in their share prices.

Nykaa expects Q1 consolidated revenue to grow in mid-twenties

Economic Times

Economic Times · 2y ago

Nykaa expects Q1 consolidated revenue to grow in mid-twenties

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.

New-Age Tech Stocks Rally On Bull Run In Broader Market; Mamaearth Biggest Loser This Week

Inc42 · 1y ago

New-Age Tech Stocks Rally On Bull Run In Broader Market; Mamaearth Biggest Loser This Week

Indian new-age tech stocks experienced a surge this week, driven by positive market sentiment. Investors are optimistic about the easing cycle as the country anticipates a normal monsoon. Industrial production data from India, China, and Eurozone inflation will be closely watched to gain insights into the economic outlook. In the run-up to the Budget, market volatility may increase. Paytm shares gained, but there is no clear trend currently. Nykaa shares have been range-bound, with an immediate support level at INR 167. Top gainers among new-age tech stocks include TAC Infosec and Yudiz.

Nykaa Ropes In Former Cars24 Executive As Business Head For Fashion

Inc42 · 9m ago

Nykaa Ropes In Former Cars24 Executive As Business Head For Fashion

Nykaa has appointed Abhijeet Dabas as the EVP and business head for its fashion segment, with the aim of enhancing online growth and expanding globally. The cosmetics retailer recently reported a 66.3% increase in consolidated net profit for Q2 of FY25.

Nvidia just keeps hitting it out of the park

Business Insider

Business Insider · 1y ago

Nvidia just keeps hitting it out of the park

Nvidia reported record quarterly revenues of $26 billion, surpassing analyst estimates, driven by strong demand for its chips used in AI technology. The company also shared a positive outlook, with a forecast of $28 billion in second-quarter revenue. Nvidia's shares soared above $1,000 for the first time, and the stock has seen a 200% increase over the past year. Despite awaiting the release of its next GPU chip, Blackwell, Nvidia continues to experience strong sales of its H100 chip. The company expects high demand to outpace supply well into next year.

Nykaa to focus on faster deliveries with warehouse expansion and regionalisation | Mint

Livemint

Livemint · 1y ago

Nykaa to focus on faster deliveries with warehouse expansion and regionalisation | Mint

Indian beauty and fashion retailer, Nykaa, aims to speed up its order-to-delivery time by delivering 70-80% of all orders on the same or next day to major cities. In Q2 2022, half of all orders in these cities were fulfilled within this timeframe, thanks to an expanded network of warehouses. Nykaa has also focused on bringing warehouses closer together, resulting in a 45% reduction in order-to-delivery timings within the last three years. The company plans to fulfill 50% of orders in the next 110-112 cities at a similar speed by September.

India poised to remain fastest growing major economy in FY26: RBI

YourStory

YourStory · 3m ago

India poised to remain fastest growing major economy in FY26: RBI

The Reserve Bank of India (RBI) reports that India is set to maintain its status as the fastest-growing major economy in FY26, driven by strong macroeconomic fundamentals and a robust financial sector. While the economy faces global market volatility, geopolitical tensions, and trade challenges, India's inflation outlook is positive due to factors like easing supply-chain pressures and strong agricultural production. The RBI foresees a manageable current account deficit, bolstered by services exports and remittances.

Micron revenue forecasts strong recovery, shares jump

Economic Times

Economic Times · 1y ago

Micron revenue forecasts strong recovery, shares jump

Shares of Micron jumped as the company forecasted a strong recovery in revenue. The tech company cited increased demand for memory chips as a key driver for the positive outlook. This news comes as a relief for investors, as the memory chip industry had been facing challenges due to the pandemic and trade tensions.

Ola Electric shares surge over 15% on strong FY26 outlook, despite widening YoY loss

YourStory

YourStory · 1m ago

Ola Electric shares surge over 15% on strong FY26 outlook, despite widening YoY loss

Ola Electric's shares surged over 15% as the company projected strong revenue and vehicle sales for FY26, despite a 23% year-on-year increase in consolidated losses for Q1. The electric vehicle maker anticipates FY26 revenue between Rs 4,200 crore and Rs 4,700 crore and plans to sell up to 3,75,000 vehicles. Ola reported improved EBITDA for its auto business, with benefits from Production Linked Incentive schemes and cost optimization efforts contributing to a promising outlook.

Option strategy of the day | Horizontal trendline breakout in Exide Industries; consider bull spread for upside

Money Control

Money Control · 1y ago

Option strategy of the day | Horizontal trendline breakout in Exide Industries; consider bull spread for upside

Exide Industries stock has broken out from a horizontal trendline on the daily scale and reached a new all-time high. It is trading above its short and long-term moving averages, indicating a bullish trend. The momentum indicators and oscillators also support the positive chart structure. To leverage the bullish sentiment, a bull call spread option strategy is recommended. The derivative data aligns with the bullish outlook, with a build-up of long positions and accumulation of call positions. The technical view shows strong bullish indicators, with the stock trading above key moving averages and momentum indicators supporting the positive outlook.

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