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Business Standard

Revved up! Nykaa scales its same, next-day deliveries to 110 cities

Nykaa has expanded its supply chain network to 44 warehouses across India by FY24, up from 18 in FY21

The Economic Times

Why Fed rate cuts could boost India's growth stocks? Sunil Subramaniam explains

These businesses take time to build core potential. When they launched, there was a lot of hype, but the reality lagged behind. Now, the world is changing, and companies like Zomato and Nykaa are gaining traction at the ground level.

Mint

New-Age Tech Stocks | Paytm, Zomato outperform Nifty 50 this week, CarTrade biggest gainer; Nykaa reduced to ‘sell’

New-Age Tech Stocks | CarTrade Tech emerged as the biggest weekly gainer among new-age stocks, rising over 11 per cent in the last five days, followed by Brainbees Solutions (First Cry) and C.E. Info Systems.

The Economic Times

Hot Stocks: Brokerages on Nykaa, Zomato, Adani Ports and Cholamandalam Investment

Kotak Securities has downgraded Nykaa to "Sell" from "Add" and lowered the target price to Rs 190 from Rs 195. While Nykaa's portal excels in product discovery, Q-commerce portals are expanding their BPC product range. Nykaa needs to invest in faster delivery. Kotak Securities also reduced FY25-27 EBITDA estimates by 3-7% due to lower margins, leading to the downgrade amid a sharp stock price increase.

Business Standard

Nykaa appoints Sukhleen Aneja as business head to drive Kay Beauty

Nykaa on Friday announced the appointment of Sukhleen Aneja as Senior Vice President and Business Head for Kay Beauty. Kay Beauty is Nykaa's celebrity beauty brand launched in partnership with Katrina Kaif. Announcing Aneja's appointment, Nykaa, in a release, said her role will focus on propelling growth for Kay Beauty in international markets on the back of a successful launch in India. "Sukhleen will also hold responsibility for Nyveda, a brand based on the science of Ayurveda with a universal appeal in India and abroad, as well as provide strategic directions for a few of the young brands in wellness and personal care," the release added. With over two decades of sales and marketing expertise across Fortune 500 organisations like Unilever, L'Oreal and Reckitt Benckiser, Aneja was most recently the CEO of brands at Good Glamm. Launched in 2019, Kay Beauty is a celebrity makeup brand co-created by Nykaa and Katrina Kaif. "Reaching record sales of over Rs 150 crore annually, Kay

Business Line

Nykaa ropes in Sukhleen Aneja to lead Kay Beauty and Nyveda

Aneja will serve as Senior Vice President and Business Head for Kay Beauty

CNBC TV18

CNBC-TV18 Morning Call: Ola hints at 3-wheeler launch, Nykaa suit against ex-CBO, RIL bonus issue gets nod

CNBC-TV18 Morning Call: GST on gateway fees likely for small card transactions, Nykaa legal battle against former CBO, Reliance Industries’ board's nod for issue of bonus shares and more

CNBC TV18

Nykaa Fashion sues Tata Cliq CEO for alleged breach of confidentiality and data misuse

The e-commerce giant claims that Gopal Asthana, Nykaa Fashion's former Chief Business Officer, used confidential information to benefit his current employer, Tata Cliq, where he now holds the position of Chief Executive Officer.

Mint

Nykaa sues former chief business officer Gopal Asthana over alleged data misuse and breach of confidentiality

Nykaa has filed a lawsuit against former chief business officer Gopal Asthana for breaching confidentiality and misusing company data. The Bombay High Court has issued an interim order preventing Asthana from hiring employees from Nykaa to Tata Cliq.

Hindustan Times

Nykaa sues ex-executive Gopal Asthana who now heads Tata Cliq: Report

Nykaa sued former CBO Gopal Asthana for breaching confidentiality and misappropriating data. The company claims he recruited former staff for Tata Cliq.

The Economic Times

India beauty and personal care market to touch $34 billion by 2028: report

The online channel, as the fastest-growing segment, is expected to expand at a compound annual growth rate (CAGR) of approximately 25%, while the organised offline channel is anticipated to grow at 14%, according to a report by Nykaa and consulting firm Redseer.

Mint

Awfis, Nykaa uptrend to Unicommerce eSolutions Q1 results—How top new-age internet stocks performed this week

New-age internet stocks: Shares of Awfis and Nykaa are among the top new-age tech stocks, which have witnessed the highest surge in their share prices this week.

Hindustan Times

Meet Zoho's Radha Vembu: India's richest self-made woman worth ₹47,500 crore

Radha Vembu leads Hurun India Rich list 2024 for self-made women with ₹47,500 crore, followed by Nykaa's Falguni Nayar and Arista Networks' Jayshree Ullal.

Mint

Zomato, Nykaa, Paytm, CarTrade and more: Should you buy or sell new-age internet stocks? Experts weigh in with top picks

Experts highlight the cautious optimism for new-age internet stocks, emphasizing profitability, strategic growth, and market penetration, with top picks like Zomato and PolicyBazaar recommended for long-term investors.

The Economic Times

What to do with SBI, RIL, Nykaa and 4 other stocks? Aamar Deo of Angel One decodes

Further, the US Fed is of the view that it is an appropriate time to adjust its policy, as over the longer-term, the US inflation rate could further ease towards the 2% mark.

Business Standard

Trent, BEL to be added to Nifty 50 from Sep 30; Banga sells 1.43% in Nykaa

Index provider NSE Indices on Friday announced fashion retailer Trent and state-owned Bharat Electronics (BEL) will replace Divi's Laboratories and LTI Mindtree in the flagship Nifty 50 index

The Economic Times

Harindarpal Singh Banga to sell 1.4% stake in Nykaa for Rs 809 crore

As outlined in the bankers' term sheet, the Bangas intend to sell 4.09 crore shares at a floor price of Rs 198 per share, representing a 5.9% discount to Thursday’s closing price of Rs 210.

Business Line

Broker’s call: Nykaa (Accumulate)

Elara Securities

The Economic Times

FirstCry, Unicommerce soar on market debut; Nykaa Q1 profit up

Supam Maheshwari’s FirstCry and software firm Unicommerce listed at a significant premium on the bourses. This and more in today’s ETtech Top 5.

Business Line

Nykaa to buy 39% more stake in Dot & Key for ₹265 crore

Nykaa increases stake in Dot & Key and Earth Rhythm, accelerating growth in clean beauty brands

The Economic Times

Nykaa’s Q1 net profit more than doubles to Rs 13.6 crore, operating revenue expands 23%

For FSN E-Commerce Ventures, which operates the beauty and fashion retail brand Nykaa, the fashion segment saw slower-than-expected growth despite the over 20% growth in revenue. The “anchor category” of Indian and ethnic wear fared poorly on a lack of events and festivals, and its western wear brands also had a “tough quarter”.

Business Standard

CPPIB sells stakes in Delhivery, Nykaa; Capital Group in Mankind

Canada Pension Plan Investment Board pared its holdings on Wednesday, in FSN E-Commerce Ventures (Nykaa) and Delhivery