External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

FSN E-Commerce Ventures (Nykaa) / Equity Bottom-Up

FSN E-Commerce Ventures (Nykaa) (NYKAA IN)

<ul><li>FY25 marked a step-up in customer acquisition in BPC</li><li>This note, alongside key highlights from the FY25 analyst meet, assesses the feasibility of Nykaa’s stated ambitions across segments</li><li>In BPC, mid-to-late 20s growth target for FY25-30 seems aggressive but plausible (21% CAGR built in)</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

FY25 marked a step-up in customer acquisition in BPCThis note, alongside key highlights from the FY25 analyst meet, assesses the feasibility of Nykaa’s stated ambitions across segmentsIn BPC, mid-to-late 20s growth target for FY25-30 seems aggressive but plausible (21% CAGR built in)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Fsn E-Commerce Ventures: BPC Ambition Plausible, but Fashion’s Seems Lofty. Maintain REDUCE