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News on Medial
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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Related News
Gainers & Losers: 10 stocks that moved the most on October 17
Money Control
·
9m ago
Medial
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.
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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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New-Age Tech Stocks Rally On Bull Run In Broader Market; Mamaearth Biggest Loser This Week
Inc42
·
1y ago
Medial
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.
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Nykaa Ropes In Former Cars24 Executive As Business Head For Fashion
Inc42
·
8m ago
Medial
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.
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Nvidia just keeps hitting it out of the park
Business Insider
·
1y ago
Medial
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.
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Nykaa to focus on faster deliveries with warehouse expansion and regionalisation | Mint
Livemint
·
12m ago
Medial
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.
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India poised to remain fastest growing major economy in FY26: RBI
YourStory
·
2m ago
Medial
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.
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Micron revenue forecasts strong recovery, shares jump
Economic Times
·
1y ago
Medial
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.
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Ola Electric shares surge over 15% on strong FY26 outlook, despite widening YoY loss
YourStory
·
25d ago
Medial
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.
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Nykaa Q1 BPC sales value up 23%; sees robust growth in premium category by 2027
Economic Times
·
1y ago
Medial
Nykaa reports a 23% increase in sales value for its beauty, personal care (BPC) products in Q1. The company witnesses strong growth in the premium category and aims to further expand its premium offerings. Nykaa's robust performance reflects its ability to tap into consumer preferences and capitalize on the demand for high-quality BPC products, positioning itself for continued growth by 2027. Nykaa on Friday reported a 13.5% year-on-year increase in consolidated net profit to Rs 6.45 crore for the first quarter. Its revenue from operations during the period increased 24% to Rs 1,421.8 crore.
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