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FSN E-Commerce Ventures (Nykaa) shares dipped more than 2% in Thursday (April 06, 2023) trading after the new age firm said in its March quarter business update that consumer retreat in discretionary spending has had some influence on the fashion industry, resulting in slower growth in net sales value (NSV) this quarter.
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HOME CAMPAIGNS DIGITAL MEDIA FUND RAISING MARKETING STARTUPS MARKETS ECONOMIC Top Stories Noise New Campaign Tells Virat Kohli to Workout Extra After a Cheat Meal Nykaa Shares: Reason for Fall in New-age Shares Post Q4 Update Home - Markets - Nykaa Shares: Reason for Fall in New-age Shares Post Q4 Update Search here ... Latest Update RECENT POPULA R COMMO N April 6, 2023 Pilgrim’s Hair Care Secrets Unveiled with Yami Gautam April 6, 2023 MIB collaborates with Amazon India to grow India’s creative economy Markets April 6, 2023 By Gurpreet Kaur 1 hour ago 0 7 2 minutes read April 6, 2023 Facebook Twitter RBI has Reduced its In?ation Forecast for FY24 to 5.2% FSN E-Commerce Ventures (Nykaa) shares dipped more than 2% in Thursday (April 06, 2023) trading after the new age ?rm said in its March quarter business update that consumer retreat in discretionary spending has had some in?uence on the fashion industry, resulting in slower growth in net sales value (NSV) this quarter. April 6, 2023 Exotel Announces ExoMind: a No- Code Solution for Fast Building Advanced Chatbots Furthermore, the company anticipates that sales growth in the Fashion division would be in the late teens. This compares to a 33% high for the ?rst nine months of the ?scal year. Following the news, the stock dropped 2.34 per cent to a low of Rs 133.35 on the BSE. As a result, the scrip has been down 14% so far in 2023. Nykaa’s NSV increased by 26.5 per cent year on year in its beauty cosmetic and personal care (BPC) category in the third quarter and by 34% year on year in the 9MFY23. Most Viewed Nomura Statement February 15, 2023 Given the strong traction, they expect 4QFY23F NSV to be up 28% YoY, resulting in 32% YoY growth for FY23F. This is slightly higher than our FY23F prediction of 31% YoY. However, they expect growth momentum to normalise to a CAGR of 27% during FY23-25F, which appears to be on track, stated Nomura India. Adani Group equities are the Subject of This Week In the case of fashion, this brokerage anticipates NSV growth to slow to 17% YoY in the March quarter, down from 32% YoY in 9MFY23. HOME CAMPAIGNS January 31, 2023 MARKETS DIGITAL MEDIA FUND RAISING MARKETING STARTUPS IHC investment leads Adani Enterprises shares to boost by 5% This implies 28% YoY growth in FY23, which is slightly lower than our 29% YoY growth expectation for FY23F. Furthermore, they had assumed a 26% CAGR for FY23-25F, which may be substantially slower. However, by focusing on unit economics and pro?tability, Nomura believes that margin reversal can be speedier. ECONOMIC
March 3, 2023 The brokerage anticipates total sales growth of 35% year on year for the March quarter, with Ebitda margins of 5.5% (up 20 bps QoQ), with room for upside. This indicates a 2% risk to FY23 revenue forecasts and a 9% risk to FY23 Ebitda estimates, according to Nomura, which set a target of Rs 214 on the stock. VCs’ ?xation with start-ups’ topline, says CEO of Infosys In their DCF model, they factor in a 19%/17% NSV CAGR for BPC/Fashion over the long term (FY25-40F), resulting in an 85%/12% NSV mix in FY40F (80%/15% in 3Q). The weaker growth trajectory for fashion may put their revenue predictions in jeopardy. February 20, 2023 Adani Enterprises Shares Must Increase by up to 410% to Reach their 52- week Highs However, the signi?cant rise in BPC in the face of a slowing economy and a greater emphasis on pro?tability may be seen favourably by the Street, it added. You can share this post! February 27, 2023 M-cap of the Adani Group falls below the Rs 7 lakh crore threshold Previous article Noise New Campaign Tells Virat Kohli to Workout Extra After a Cheat Meal Next article Prozeal Infra Engineering Raises Millions for Renewable Energy Projects in India January 17, 2023 Related Articles Shark Tank India 2 – Catching Big Fishes for National Start- Up Day MARKETS MARKETS MARKETS Most Reviews RECENT POPULA R COMMO N Adani Ports’ Stock Rises as March Cargo Volumes… Jefferies Expects JFS to List by Sept, with… MotoCor Response April 6, 2023 April 5, 2023 April 4, 2023 April 3, Pilgrim’s Hair Care Secrets Unveiled with Yami Gautam Leave a Reply April 6, 2023 Your email address will not be published. Required ?elds are marked * MIB collaborates with Amazon India to grow India’s creative economy Comment * April 6, 2023 RBI has Reduced its In?ation Forecast for FY24 to 5.2% Name * Email * POST COMMENT HOME CAMPAIGNS DIGITAL MEDIA FUND RAISING MARKETING STARTUPS MARKETS Newsletter ECONOMIC
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