Data will be updated when it becomes available.
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The company added that robust offtake from important categories like beauty and skin care, as well as good volume growth, were the results of strong consumer demand.
Recommendation: Buy; Target price: ₹195
Revenue from operations increased 22% YoY to ₹1,789 Crore.
The parent company of Nykaa, FSN E-commerce, said earlier in the month that, despite some impact on discretionary consumption from short-term challenges, it observed sustained growth across its three business verticals in the December quarter.
In a business report given on Sunday, the company stated that it registered good growth across all verticals in the October-December quarter.
Foot Locker collaborates with Nykaa and Metro Brands to transform India's sneaker segment, catering to the evolving needs of next-gen customers
In the 14th edition of IIFL’s “Quirks of the Quarter” series, analysts explore eleven themes ranging from sectoral topics such as pricing actions, return of smaller players, festive mismatch, slowdown in pizza cuisine and company specific issues in ITC, Nestle, HUL, Jyothy Labs, Nykaa, Dabur and Go Fashion.
Compared to the same period last year, when revenue from operations was Rs 1,231 crore, it rose 22% to Rs 1,507 crore in the July-September quarter.
Marketing support revenue grew by 34% — higher than 31% growth clocked by the net sales via inventory model.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.