Nykaa shares in focus ahead of Q2 results today. Here’s what to expect
Shares of beauty and fashion e-commerce retailer Nykaa will be in focus today as the company will announce its quarterly numbers for the July-September 2024 period.
The company is expected to report strong growth in its profitability during the quarter ended September 2024.
Net profit for the second quarter may triple YoY, according to an average estimate of four brokerages. Meanwhile, revenues are expected to increase 26% YoY to Rs 1900 crore driven by BPC business while fashion would remain subdued.
Analysts expect a slight improvement in EBITDA margin to 6.1% in Q2FY25.
“We model overall GMV/revenue growth of 25/26% YoY, primarily driven by BPC GMV/revenue growth of 27/16% YoY and fashion business GMV/revenue growth of 18/26% YoY,” said…
