Nykaa sees strong H2 driven by festive and wedding season

Quick Summary:

Falguni Nayyar-led Nykaa’s forecasts stronger H2 of the current financial year mainly driven by festive consumption and the wedding season.

Shares of the company opened 1% higher on the exchange and pared gains to trade 0.64% lower at Rs 192.8 apiece at around 11:30 AM on NSE.

This was driven by strong performance across omnichannel retail businesses, owned brands as well as eB2B distribution businesses ahead of the festive season.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Policy Driven Wedding Clocked Privacy Festive Season Growth Nykaa’s Nykaa Revenue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 06:38:28 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 213 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 22949068

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