Nykaa sees late-twenties revenue growth in Q2
In short
Nykaa said its Q2 fashion business is growing faster, with NSV expected to rise in the late forties and net revenue in the early forties. It also added more than 250 brands and said its Nike partnership is seeing early traction.
The company’s shares ended at ₹324.50 on October 1, up 1.41%. The reporting does not give the full quarterly results or say how much profit changed.
What the reporting says
Nykaa said in its Q2 update that net revenue growth is expected in the early forties and fashion NSV in the late forties, according to publisher summaries. The company also said it added more than 250 brands during the quarter and that its Nike partnership is seeing encouraging early traction through exclusive drops. The reporting also notes Nykaa shares ended at ₹324.50, up 1.41%, on October 1.
Why it matters
Nykaa said its Q2 fashion vertical is growing faster, with NSV expected in the late forties and net revenue in the early forties. It also added more than 250 brands and pointed to early traction in its Nike partnership through exclusive drops. Shares of FSN E-Commerce Ventures Nykaa Ltd ended higher on October 1, but the reporting does not give the full quarterly earnings or explain the market reaction.