CosmicTaco
CosmicTaco

Nykaa Projects 26% Q3 Revenue Surge Amid Competitive Pressures

  • Nykaa forecasts a 26% revenue growth for Q3, potentially reaching Rs 2,253.88 crore, driven by robust beauty sales despite rising competition.
  • Shares of Nykaa rose by 3% post-disclosure, showing market confidence in its growth trajectory and business model.
  • Despite strong beauty segment performance, Nykaa's fashion vertical struggles, facing intense rivalry from Myntra and Ajio.

Source: The Arc

Post image
3mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across
Software Engineers
by SqueakyHamsterAtlys

Things aren’t good at Nykaa

I left the product design team of Nykaa a few days back & I foresee things going from bad to nasty. My x colleagues are telling me how a large bunch of folks are put on PIP deliberately. Almost all of them have gotten no or single digit ...

Top comments
user

Time to short Nykaa Shares

user

Om shanti 🙏🏽

user

Man when will things turn around 😓. Everywhere it’s getting difficult to stay