- Nykaa reported a net income of 233.2 million rupees for the first quarter.
- The net income showed a significant increase from the previous year’s 96.4 million rupees but fell short of the estimated 328.4 million rupees.
- Revenue for the quarter was reported at 21.5 billion rupees, marking a 23% year-over-year increase and slightly below the estimated 21.7 billion rupees.
- Total costs for the quarter were also 21.2 billion rupees, representing a 23% increase compared to the previous year.
- Other income rose by 27% year-over-year, amounting to 93.3 million rupees.
- Nykaa announced the approval to purchase the remaining 40% stake in Nudge Wellness, a subsidiary unit.
- Among market analysts, Nykaa has 13 “buy” ratings, 4 “hold” ratings, and 9 “sell” ratings.
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FSN E-Commerce Ventures (Nykaa) on Smartkarma
Analyst Akshat Shah from Smartkarma recently covered FSN E-Commerce Ventures (Nykaa) in a research report titled “Nykaa Block – US$140m Selldown by Banga Family.” The report delves into the intentions of Harindarpal Singh Banga, one of Nykaa’s early investors, to sell around a 2.1% stake at a floor price of approximately INR 200/share. This move, aimed at raising US$140m, represents a 5.5% discount to the last close price. Banga has been gradually decreasing his holding in Nykaa, currently owning about 4.97% of the company after reducing his stake from 8.7% prior to the company’s IPO in November 2021. The report provides insights into the deal dynamics and evaluates its impact within the ECM framework.
A look at FSN E-Commerce Ventures (Nykaa) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
FSN E-Commerce Ventures (Nykaa) is positioned for long-term success, according to the Smartkarma Smart Scores. With a strong growth score of 4 and momentum score of 4, the company appears to be on a positive trajectory. This suggests that Nykaa is well-positioned to capitalize on future opportunities and expand its market presence within the beauty and personal care industry.
While the value and dividend scores are lower at 2 and 1 respectively, indicating that Nykaa may not be considered a value or dividend stock, the overall outlook remains promising due to its high growth and momentum scores. With a diverse range of products catering to global customers, FSN E-Commerce Ventures continues to solidify its position as a leading e-retailer in the beauty and personal care sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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