{"id":111341,"date":"2023-10-06T15:26:12","date_gmt":"2023-10-06T09:56:12","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111341"},"modified":"2023-10-06T15:39:21","modified_gmt":"2023-10-06T10:09:21","slug":"nykaa-stock-jumps-after-company-reports-robust-q2-growth","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nykaa-stock-jumps-after-company-reports-robust-q2-growth\/","title":{"rendered":"Nykaa stock jumps after company reports robust Q2 growth"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2392193299\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This S&amp;P BSE 200 Stock is held 10% by FIis and 12% by DIIs \u2013 aggregating to 22% Institutional holding and has now announced the performance for Q2 FY24. The company has a market cap of Rs. 42,535 crore and is 34% away from its 52 week high, trading at Rs. 149.05 versus Rs. 146.95 at closing on Thursday. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-831284236\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stock is seeing volumes that are over 0.5x the monthly average, trading 1% above its 20 day moving average and 6% above its 200 day moving average. The company was listed fairly recently in Q4 CY2022.&nbsp;<\/p><p>In a filing dated 6th October 2023, FSN E-commerce or Nykaa (\u2018Nykaa\u201d) stated that the company and demand trends witnessed during the quarter ended 30th September, 2023. The industry estimates indicate slightly subdued discretionary consumption, primarily on account of a delayed festive season. In contrast, Nykaa has reportedly witnessed a strong quarter across all verticals.<\/p><p>Company said the consumption in the Beauty and Personal Care (BPC) categories remains healthy. The beauty vertical is continuing to expand through the ecommerce business, physical store expansion and growth of owned brands. The company\u2019s said growth was supported by the success of the company\u2019s flagship event \u2018Hot Pink Sale\u2019 in July.<\/p><div class=\"trade-content_5\" id=\"trade-1889998974\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>According to the company, BPC business NSV for the quarter is expected to grow around 20% on YoY basis. The festive season is a big driver for lifestyle categories and has witnessed a delay this year, moving into October versus commencing in September last year. This shift has a base impact on the Q2 FY24 growth to some extent.<\/p><p>Nykaa added saying that it has witnessed strong momentum in Q2 FY24. This stands in contrast to the overall apparel industry which continued to see sluggish demand this quarter, especially in the small towns. <\/p><p>However, the industry is expected to see improving trends in the festive season. Within the quarter, Nykaa has optimized the core category mix along with improvement in order volumes.<\/p><p>Fashion NSV for the quarter is expected to grow in the early thirties on YoY basis. For Q2 FY24, at a consolidated level, Nykaa expects NSV to grow in the mid-twenties and revenue to grow in the early twenties on YoY basis, both at levels similar to Q1 FY24.&nbsp;<\/p><p>FSN E-Commerce Venture, also known as Nykaa, through its subsidiaries, provides a range of beauty, personal care, and fashion products for women, men, kids, tech, and home in India.<\/p><p><strong>Written by Sandeep R<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1152892085\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2773859349\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This S&amp;P BSE 200 Stock is held 10% by FIis and 12% by DIIs \u2013 aggregating to 22% Institutional holding and has now announced the performance for Q2 FY24. The company has a market cap of Rs. 42,535 crore and is 34% away from its 52 week high, trading at Rs. 149.05 versus Rs. 146.95 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":37246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-111341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nykaa stock jumps after company reports robust Q2 growth - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This S&amp;P BSE 200 Stock is held 10% by FIis and 12% by DIIs \u2013 aggregating to 22% Institutional holding and has now announced the performance for Q2 FY24. 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