Nykaa share price jumps over 5% after strong Q2 results. Should you buy, sell or hold the stock?
Nykaa share price jumped over 5% in early trade on Wednesday, November 13, after the company reported strong results for the second quarter of the financial year 2024-25 (Q2FY25). Nykaa shares rallied as much as 5.74% to ₹187.85 apiece on the BSE.
FSN E-Commerce Ventures, the operator of fashion and beauty retailer Nykaa, reported a net profit growth of 72% year-on-year (YoY) to ₹10.04 crore for the quarter ended September 2024.
The company’s revenue from operations in Q2FY25 rose 24% to ₹1,874.74 crore from ₹1,507.02 crore in the year-ago period. The beauty segment revenues jumped 24% YoY to ₹1,703 crore, while fashion segment revenue was up 22% YoY to ₹166 crore.
The gross merchandise value (GMV) during the quarter…
