For Start-up Founders, Age Is Just A Number
A growing number of women entrepreneurs are starting up late. Here’s how they are navigating the choppy waters of business.
A growing number of women entrepreneurs are starting up late. Here’s how they are navigating the choppy waters of business.
Nykaa says its retail business now contributes to over 9% of overall beauty and personal care GMV
The share price of Nykaa’s parent, FSN E-Commerce Ventures, gained 4.9% intraday to hit a high of ₹154.65 on the BSE, driven by strong Q2 numbers.
Falguni Nayar says that the company was able to disrupt and democratise both demand and supply for the industry.
The consolidated net profit attributable to equity shareholders of parent fell 27% to ₹3.3 crore as compared to ₹4.55 crore in the same period a year ago.
For FY23, the fashion e-retailer expects its percentage revenue growth rates to be in line with the ones seen in 9M FY23, early-thirties.
During the session on Tuesday, the company’s market capitalisation stood at ₹40,503 crore with 7,76,867 shares exchanging hands on the BSE against the two-week average of 7.62 lakh shares.
In the beauty and personal care segment, Nykaa saw GMV growing 26% YoY to ₹1,901.4 crore. Orders in this category grew 26%.
On a sequential basis, Nykaa’s profit grew by 3.6%, while revenue rose 7%; stock jumped 25% in two sessions on earnings optimism
The poster boy of the startup space is no longer the Bansals, but Byju Raveendran of ed-tech major Byju's