Nykaa shares: Shares of FSN E-commerce, the parent company of Nykaa, saw a significant surge of up to 5 percent during early trading on April 8. This rise came shortly after the company expressed optimism regarding a robust growth outlook for the fourth quarter.
By 10:40 am, Nykaa shares were trading at Rs 173.55 on the NSE. The trading volume for the stock remained robust, with 81 lakh shares exchanging hands on the exchanges so far. This figure significantly surpassed the one-month daily traded average of 50 lakh shares, indicating considerable investor interest in the stock.
In its most recent business update, the company announced its expectation of achieving a “high twenties” year-on-year growth in revenue for the January-March quarter. Additionally, Nykaa reported an “early thirties” growth in Gross Merchandise Value (GMV), which reflects the total value of goods sold through its e-commerce platforms before any deductions.
The company forecasted a net sales value growth of over 25 percent year-on-year, reflecting its strong revenue growth.
The firm also highlighted that robust customer demand led to healthy volume growth, particularly driven by strong sales in key categories such as makeup and skincare.
In the beauty and personal care segment, Nykaa expects a year-on-year GMV growth of around 30 percent, coupled with a ‘mid-twenties’ increase in net sales value. This anticipated growth is poised to outpace industry trends within this segment.
While industry growth in the fashion segment appears subdued, as per Nykaa’s assessment, the company anticipates a GMV increase in the “high twenties” for this vertical, accompanied by NSV growth in the “mid-twenties.”
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