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Nykaa Slumps 11% In Early Trading On Q1 Earnings Miss; Brokerages Divided On The Stock

Kotak Institutional Equities downgraded Nykaa shares to ‘add’ rating, while Bernstein cut its price target on the shares to INR 140

India
Gopal-asthana
Vikas-gupta
Falguni-nayar
Sumant-kasliwal
Shalini-raghavan
Tata-cli
While-nykaa
Institutional-equities
Elara-capital
Nykaa-fashion

Key Highlights: After Top-Level Exits & Cutting Costs, How Did Nykaa Perform In Q1?

Here are the key takeaways from listed beauty ecommerce giant Nykaa’s financial results for the first quarter of the financial year 2023-24.

Falguni-nayar
Gopal-asthana
Shalini-raghavan
Vikas-gupta
Superstore
Falguni-nayar-led
Trimming-costs
Personal-care-vertical-drives-growth
Arm-sees-mixed-growth
Nykaa-fashion
Growth-verticals
Nykaa-superstore

Nykaas net profit down 27% to Rs 3.3cr, revenue up 24% in Q1

Nykaas net profit down 27% to Rs 3.3cr, revenue up 24% in Q1
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New-delhi
Delhi
India
Falguni-nayar
Shalini-raghavan
Commerce-ventures
Executive-chairperson

Nykaa's net profit down 27% to Rs 3.3cr, revenue up 24% in Q1

Online beauty and fashion e-commerce major Nykaa on Friday reported a 27 per cent year-on-year decline in consolidated net profit at Rs 3.3 crore in the first quarter of FY24.FSN E-Commerce Ventures, the parent company of Nykaa, had posted a .

New-delhi
Delhi
India
Shalini-raghavan
Falguni-nayar
Commerce-ventures
Executive-chairperson

Nykaa loses sheen: Q1 net profit falls 27% YoY to Rs 3.3 crore hurt by dip in demand

Nykaa s results come at a time when it has been hit by a slew of top-level exits. Since April, six senior executives, including company s chief marketing officer, Shalini Raghavan, among others, have quit the company

Mumbai
Maharashtra
India
Manoj-gandhi
Shalini-raghavan
Vikas-gupta
Gopal-asthana
Falguni-nayar
Tata-cliq
Commerce-ventures
Nykaa-fashion

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