Results▲ Bullish for Nykaa
Nykaa's Q2 business update brings a fresh bout of optimism
The brief
- Nykaa shares gained 5% after its 4 October business update
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- Nykaa's update may influence sentiment toward Indian e-commerce stocks
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Nykaa's Q2 growth outlook
Nykaa projected Beauty net sales value and net revenue growth in the late 30s for Q2, prompting shares to rise as much as 6.1% to ₹342.95. Goldman Sachs raised its price target, and Nomura reaffirmed its Buy rating.
Tuesday, 6 October
- Nykaa's Q2 business update brings a fresh bout of optimism