BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
FSN E-Commerce Ventures Ltd. is the parent company of Nykaa, an Indian e-commerce player in the business of beauty, wellness and fashion products.
Nykaa presents a combination of:
largest beauty and personal care business in a growth market (India),
good profitability metrics (double-digit Ebitda margin in BPC business) and prudent capital allocation, and
omni-channel in the ‘true sense’ (going online to offline).
To add to this, a strong promoter and professional management provide good visibility on growth momentum while extensions such as fashion (initial signs look promising) highlight the brand strength.
Its strength of content-driven and inventory-driven models in BPC will continue to be key differentiators – the former is a long-drawn journey and cannot be built by a new entrant just on the strength of capital.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR