Nykaa Q1 Review - Sharper, Deeper, Wider: Dolat Capital

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..Dolat Capital Report.FSN E-Commerce Ventures Ltd.’s Q1 FY23 performance was healthy despite global concerns and inflationary pressure. Revenue/gross profit/Ebitda/profit after tax grew by a healthy 41/54/70/54% YoY. Most of the operating metrics were healthy. Management commentary of further, segment-wise disclosures on quarterly basis in light of different operating models and accounting is welcome for better understanding the evolution cycle and profitability trajectory. Nykaa is currently trading at 12.9/9.3 times FY23/24E enterprise value/sales. Led by its strong business position, superior execution, profitability focus, persistent expansion in addressable market size through new brands, distribution expansion and with its evolution as House of Brands; we expect Nykaa to trade at premium. Nevertheless, profitability would continue to be a challenge for Nykaa.Click on the attachment to read the full report:.DISCLAIMERThis 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.

Nykaa Q1 Review - Sharper, Deeper, Wider: Dolat Capital

Nykaa Q1 Review - Sharper, Deeper, Wider: Dolat Capital

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