Nykaa share price: Nykaa shares slipped on Friday after Nihir Parikh, CEO of Nykaa Fashion, resigned on D ...More

Nykaa share price: Nykaa shares slipped on Friday after Nihir Parikh, CEO of Nykaa Fashion, resigned on December 5, 2024, citing personal commitments. Parikh, who joined Nykaa in 2015, holds a degree in chemical engineering from the University of Mumbai and an MBA from INSEAD. ...Less

Ghazal Alagh, aged 36 and the co-founder of Mamaearth brand, has been recognized as the youngest self-mad ...More

Ghazal Alagh, aged 36 and the co-founder of Mamaearth brand, has been recognized as the youngest self-made woman entrepreneur in the recently released IDFC FIRST Private & Hurun India’s Top 200 self-made entrepreneurs of the Millennia 2024 list. ...Less

Hurun India reports Deepinder Goyal as India's second-largest self-made entrepreneur following Zomato's v ...More

Hurun India reports Deepinder Goyal as India's second-largest self-made entrepreneur following Zomato's valuation surge. Radhakishan Damani retains the top spot. The list highlights the impact of self-made entrepreneurs, with their businesses valued at $431 billion. Zepto's Kaivalya Vohra, 21, is the youngest entrepreneur on the list. ...Less

Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount t ...More

Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriated through dubious transactions with related parties. ...Less

Nykaa's shares surged by 5.7% after the company announced a 66% jump in Q2 profits, reaching Rs 13 crore. ...More

Nykaa's shares surged by 5.7% after the company announced a 66% jump in Q2 profits, reaching Rs 13 crore. This growth was fueled by a 24% rise in revenue, reaching Rs 1875 crore, driven by strong performance in its beauty and fashion segments and expanding retail network. ...Less

Nykaa is poised to announce a threefold surge in net profit for the July-September quarter, driven by rob ...More

Nykaa is poised to announce a threefold surge in net profit for the July-September quarter, driven by robust growth in its beauty and personal care segment. Analysts predict a 26% revenue increase to Rs 1900 crore, fueled by strong omnichannel retail and owned brand performance. ...Less

IDFC FIRST Bank and Hurun India released the second edition of their top 200 self-made entrepreneurs list ...More

IDFC FIRST Bank and Hurun India released the second edition of their top 200 self-made entrepreneurs list. Radhakishan Damani secured the top spot. Avenue Supermarts, his company, is valued at over INR 3.4 Lakh Cr. Deepinder Goyal's Zomato ranks second. The list features both unicorn and non-unicorn companies. Mumbai, Bengaluru, and Gurugram are key headquarter locations for these top companies. ...Less

Apart from the above, NMDC, Bank of India, UPL, Hindustan Copper, Devyani International, Blue Dart Expres ...More

Apart from the above, NMDC, Bank of India, UPL, Hindustan Copper, Devyani International, Blue Dart Express, BEML, PG Electroplast ???and a few others will announce their quarterly results. ...Less

Nihir Parikh, CEO of Nykaa’s fashion vertical, has resigned effective December 5, 2024, citing personal c ...More

Nihir Parikh, CEO of Nykaa’s fashion vertical, has resigned effective December 5, 2024, citing personal commitments. A Nykaa veteran since 2015, Parikh contributed significantly to the company’s growth. His departure comes amid slower-than-expected performance in the fashion segment and Nykaa’s focus on quick commerce initiatives, including piloting a 10-minute delivery service in Mumbai. ...Less

Leading exchange BSE reported 193% growth in its consolidated net profit at Rs 346 crore for the second q ...More

Leading exchange BSE reported 193% growth in its consolidated net profit at Rs 346 crore for the second quarter, compared with Rs 118 crore in the last year quarter. ...Less

Nihir Parikh, CEO of Nykaa Fashion, has resigned due to personal commitments, effective December 5, 2024. ...More

Nihir Parikh, CEO of Nykaa Fashion, has resigned due to personal commitments, effective December 5, 2024. Nykaa Fashion, the fashion arm of FSN E-commerce Ventures, contributes less than 10% to the company's revenue and remains unprofitable. The beauty segment continues to drive the majority of the company's revenue, which totaled Rs 1,874 crore in the September 2024 quarter. ...Less

The Board of NMDC has approved a bonus issue of equity shares in the proportion of 2:1, which means for e ...More

The Board of NMDC has approved a bonus issue of equity shares in the proportion of 2:1, which means for every one share investors hold in the company, they will get two additional shares. ...Less

JPMorgan reports that Sun Pharma plans to appeal a judgment and may seek a settlement with Incyte to expe ...More

JPMorgan reports that Sun Pharma plans to appeal a judgment and may seek a settlement with Incyte to expedite its product launch. In a worst-case scenario, the launch could occur post-expiry in December 2026. The firm assigns an NPV of $546 million for Leqselvi, projecting 20% CAGR growth for the specialty business driven by existing products. ...Less

A look at some of the latest stock recommendations by analysts. These stocks are expected to return betwe ...More

A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 29% as per analysts’ price targets. ...Less

India's perfume market is witnessing a boom, with online sales soaring 25-30% and the market estimated at ...More

India's perfume market is witnessing a boom, with online sales soaring 25-30% and the market estimated at ?4,500 crore. The shift towards premium fragrances is driving growth, attracting international brands and prompting local players to expand their offerings. ...Less

The startup landscape shifted dramatically in 2024, emphasizing resilience, monetization, and profitabili ...More

The startup landscape shifted dramatically in 2024, emphasizing resilience, monetization, and profitability. Founders are prioritizing sustainable growth and early revenue generation, while investors focus on strong fundamentals and experienced teams. This recalibration reflects a move towards long-term value creation over speculative hyper-growth. ...Less

Shares of Hyundai, Nykaa, General Insurance, Zydus, BSE will be in focus as the companies will announce t ...More

Shares of Hyundai, Nykaa, General Insurance, Zydus, BSE will be in focus as the companies will announce their second quarter results today. ...Less

French beauty giant L’Oréal’s corporate venture capital fund, Bold, and existing investor Skywalker Famil ...More

French beauty giant L’Oréal’s corporate venture capital fund, Bold, and existing investor Skywalker Family Office also participated in the funding round. The company’s post-money valuation is now Rs 195 crore. According to cofounder Dhruv Madhok, the funds will be used to enhance the firm's R&D efforts in hair and scalp solutions, strengthen its content and marketing efforts, and focus on talent acquisition. ...Less

Happy Friday! Jewellery retailer Bluestone’s board has approved its initial public offering plan. This an ...More

Happy Friday! Jewellery retailer Bluestone’s board has approved its initial public offering plan. This and more in today’s ETtech Morning Dispatch. ...Less

The 2024 edition of India’s Top 200 Self-Made Entrepreneurs highlights the educational institutions that ...More

The 2024 edition of India’s Top 200 Self-Made Entrepreneurs highlights the educational institutions that shaped the nation’s top innovators. IIT Delhi leads with 36 founders, followed by IIT Bombay and IIT Kharagpur. For postgraduate studies, IIM Ahmedabad tops the list with 16 entrepreneurs, followed by the Indian School of Business with 10. Over 50% of the entrepreneurs have engineering backgrounds, showcasing the dominance of technical education in driving entrepreneurial success. ...Less

Hurun India unveiled its 2024 list of top self-made entrepreneurs. Radhakishan Damani secured the top spo ...More

Hurun India unveiled its 2024 list of top self-made entrepreneurs. Radhakishan Damani secured the top spot. Deepinder Goyal's Zomato ranked second. Several non-unicorn companies featured in the top ten. Young entrepreneurs like Zepto's founders and BharatPe's Shashvat Nakrani also made the list. Three leading companies are based in Mumbai, Bengaluru, and Gurugram. ...Less

HUL boss Rohit Jawa needs to think out of the box and make HUL what it was in pre-liberalisation India, i ...More

HUL boss Rohit Jawa needs to think out of the box and make HUL what it was in pre-liberalisation India, independent and free thinking; hauling the company – that was once a CEO factory and a laboratory of strategic thinking -- out of the current funk. Even Unilever CEO Hein Shumacher is busy putting the consumer behemoth into shape, pruning portfolios, people and premiumising, while upping sales projections. ...Less

Nykaa Q2 Results: Revenue from operations in the reporting period rose 24% year-on-year (YoY) to Rs 1,875 ...More

Nykaa Q2 Results: Revenue from operations in the reporting period rose 24% year-on-year (YoY) to Rs 1,875 crore. The company posted an EBITDA growth of 29% YoY to Rs 104 crore in the reporting quarter, while margins improved 18 bps to 5.5%. ...Less

This follows the beauty and fashion retailer buying an 18.51% stake in Earth Rhythm Pvt Ltd (ERPL) in 202 ...More

This follows the beauty and fashion retailer buying an 18.51% stake in Earth Rhythm Pvt Ltd (ERPL) in 2022. With this, ERPL has become a subsidiary of Nykaa. To date, ERPL has raised $9.1 million and was last valued at $28.8 million in 2022. Nykaa, which has been raising its holdings in portfolio brands, acquired an additional 39% stake in skincare brand Dot & Key Wellness for Rs 265 crore. ...Less

The company said that the delivery time will range from 30 minutes to four hours. The price of products u ...More

The company said that the delivery time will range from 30 minutes to four hours. The price of products under this service is higher than that of the next day delivery service with a fee of Rs 99 for Express delivery according to Hyperpure’s app. ...Less

Happy Wednesday! Ecommerce firms are trying to catch up with quick commerce players as they shorten their ...More

Happy Wednesday! Ecommerce firms are trying to catch up with quick commerce players as they shorten their delivery timelines. This and more in today’s ETtech Morning Dispatch. ...Less

Many prominent ecommerce firms like Flipkart, Nykaa, Myntra and FirstCry have increased their offering of ...More

Many prominent ecommerce firms like Flipkart, Nykaa, Myntra and FirstCry have increased their offering of same-day deliveries in metros and teir-1 cities. Even as brands are approaching quick commerce platforms for fast deliveries, they working with third-party logistics firms and trying out their own quick delivery models. ...Less

The ecommerce sector in the country is getting increasingly competitive as firms strive to reduce deliver ...More

The ecommerce sector in the country is getting increasingly competitive as firms strive to reduce delivery time to same-day or even two to four hours and expand their urban reach, driven by the influence of quick commerce players. ...Less

The company is making deliveries quicker without significant investments that could affect profitability ...More

The company is making deliveries quicker without significant investments that could affect profitability or revenue margins, Anchit Nayar, chief executive of Nykaa Beauty, told analysts during a post-earnings call. Nykaa’s high order value will allow this quick-delivery segment to remain profitable without diluting margins or requiring large capital outlays, he said. ...Less

Brokerages have varied ratings on key stocks. Morgan Stanley maintains an overweight call on Nykaa and Tr ...More

Brokerages have varied ratings on key stocks. Morgan Stanley maintains an overweight call on Nykaa and Trent, citing strong beauty growth. CLSA upgraded M&M to outperform, expecting SUV market share gains and tractor segment resilience. UBS retains a sell on Tata Motors due to China market challenges, while BofA holds a neutral view on Godrej Properties, expecting solid Q2 metrics. ...Less

Nykaa witnesses strong performance in Q2 with consolidated net revenue growth in mid-twenties. Beauty ver ...More

Nykaa witnesses strong performance in Q2 with consolidated net revenue growth in mid-twenties. Beauty vertical, omnichannel retail, and eB2B distribution show robust growth. Fashion vertical sees NSV growth in early teens. Nykaa expands Dot & Key ownership to 90%. Festive season expected to boost demand. ...Less

Flipkart, India's leading e-commerce giant, is gearing up for a landmark IPO within the next 12-15 months ...More

Flipkart, India's leading e-commerce giant, is gearing up for a landmark IPO within the next 12-15 months. The Walmart-owned company has initiated the process by shifting its domicile to India, aiming for a public listing by late 2025 or early 2026. ET was the first to report on May 13 about Flipkart’s plans to move its parent company back to India. ...Less

The Flipkart-owned fashion platform, which entered quick commerce last week, has been working on slashing ...More

The Flipkart-owned fashion platform, which entered quick commerce last week, has been working on slashing the cost of returns which has played a key role in reducing losses. For fashion businesses, returns represent a significant expense, where return rates typically range from 30-40%. Myntra has been discouraging returns by offering discounts and other benefits. ...Less

??Good part, I would say, from the perspective of Indian investors who invest in mutual funds or PMSs, et ...More

??Good part, I would say, from the perspective of Indian investors who invest in mutual funds or PMSs, etc, is that the exposure of the group in many of the funds is very-very limited and to that extent there is an indirect impact, but the direct impact is low ...Less

Honasa Consumer, the parent company of Mamaearth, experienced a significant drop in market value. This fo ...More

Honasa Consumer, the parent company of Mamaearth, experienced a significant drop in market value. This followed their first quarterly loss since listing in November 2023. The company's stock fell to a record low. Analysts attribute this decline to weaker demand and increased competition in the beauty and personal care market. ...Less

Myntra launches M-Now, a 30-minute delivery service for fashion and beauty products in Bengaluru. The ser ...More

Myntra launches M-Now, a 30-minute delivery service for fashion and beauty products in Bengaluru. The service offers around 10,000 products initially, expanding to over 100,000 within months. Leveraging dark stores and brand partnerships, Myntra aims to cater to the rising demand for quick commerce in the fashion segment, competing with platforms like Blinkit and Zepto. ...Less

HEG acquired 8.23% stake in GrafTech International for about Rs 248.62 crore. GrafTech International is a ...More

HEG acquired 8.23% stake in GrafTech International for about Rs 248.62 crore. GrafTech International is a leading manufacturer of high quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. ...Less

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stor ...More

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look. ...Less

Falguni Nayar, Nykaa's founder and CEO, revealed the company's potential expansion into the wellness sect ...More

Falguni Nayar, Nykaa's founder and CEO, revealed the company's potential expansion into the wellness sector, considering it a promising and sustainable business avenue. While emphasizing India's significant market opportunity, Nayar highlighted Nykaa's commitment to introducing research-driven products and pursuing industry-leading growth in both domestic and international markets like the GCC. ...Less

Happy Wednesday! Swiggy's employees are all set for big Esop gains as the company lists on the bourses to ...More

Happy Wednesday! Swiggy's employees are all set for big Esop gains as the company lists on the bourses today. This and more in today's ETtech Morning Dispatch. ...Less

Companies in India are leveraging Black Friday to clear Diwali stock by offering up to 50% discounts in s ...More

Companies in India are leveraging Black Friday to clear Diwali stock by offering up to 50% discounts in stores and online. The event coincides with salary payouts, encouraging spending. Black Friday, originating from the US, is growing in India with heavy promotions from brands like Nykaa, Myntra, Amazon, and more, pushing sales of electronics, apparel, and premium foods. ...Less

Sampath Reddy, Founder & CIO of Azurean Investment Managers, shares his insights on the current market tr ...More

Sampath Reddy, Founder & CIO of Azurean Investment Managers, shares his insights on the current market trends. He discusses the impact of DII and FII investments on valuations, particularly in the mid and small-cap segments. Reddy also expresses caution regarding the IT sector's outlook, emphasizing the need to observe order book trends before becoming overly optimistic. ...Less

Nykaa is predicted to experience a threefold increase in net profit for the second quarter, reaching Rs 1 ...More

Nykaa is predicted to experience a threefold increase in net profit for the second quarter, reaching Rs 1900 crore in revenue. This surge is attributed to the success of their beauty and personal care (BPC) sector. The fashion vertical also showed growth, with revenue growth in the early twenties. ...Less

The Canada Pension Plan Investment Board (CPPIB), the largest Canadian investor in India, has been trimmi ...More

The Canada Pension Plan Investment Board (CPPIB), the largest Canadian investor in India, has been trimming its stakes in Indian stocks over the past year, while other funds Caisse de Depot et Placement du Quebec (CDPQ) and British Columbia Investment Management have kept their holdings in the country unchanged. ...Less

?Across the whole pharma sector, there are four or five stocks big one out there which are going to gain ...More

?Across the whole pharma sector, there are four or five stocks big one out there which are going to gain market share. So, CDMO is one space within pharma which should do well as we go along. But pharma as a whole space per se has been doing okay and we continue to believe that incrementally also pharma should continue to do well in the coming year also. ...Less

Quick commerce is biting into demand from neighbourhood stores, Nykaa founder Falguni Nayar told us in an ...More

Quick commerce is biting into demand from neighbourhood stores, Nykaa founder Falguni Nayar told us in an interview. This and more in today's ETtech Top 5. ...Less

L'Oréal's global CEO, Nicolas Hieronimus, observes a generational shift in India's beauty preferences, wi ...More

L'Oréal's global CEO, Nicolas Hieronimus, observes a generational shift in India's beauty preferences, with younger consumers prioritizing blemish-free skin over fairness. While fairness products still hold a significant market share, Gen Z's increasing awareness, fueled by digitalization, is driving demand for sophisticated skincare routines and diverse product offerings. ...Less

Adwaita and Anchit Nayar, leaders at Nykaa, highlight their complementary roles in driving the company's ...More

Adwaita and Anchit Nayar, leaders at Nykaa, highlight their complementary roles in driving the company's success. They share insights on India's consumer tech and quick commerce growth, Nykaa's rapid expansion in warehouse capacity, and plans for same-day or next-day delivery, leveraging their efficient capital use and market competition to build the category. ...Less

So, I think a lot of sectors could see a pickup because of the marriage season because last few months th ...More

So, I think a lot of sectors could see a pickup because of the marriage season because last few months there were very few marriage dates and now there is going to be a huge plethora of those and the total economic impact of that is expected to be more near 8 to 10 lakh crores ...Less

Honasa Consumer, Mamaearth's parent, addressed recent allegations, labelling them as "misinformation." Th ...More

Honasa Consumer, Mamaearth's parent, addressed recent allegations, labelling them as "misinformation." This and more in today’s ETtech Top 5. ...Less

Nilesh Shah of Envision Capital explains that despite individual stocks experiencing significant declines ...More

Nilesh Shah of Envision Capital explains that despite individual stocks experiencing significant declines, the overall stock market remains resilient with periodic corrections. He highlights strong earnings growth, especially among smaller companies, and discusses the potential for significant market growth driven by increased female workforce participation and digitalization, particularly in the beauty and personal care sector. ...Less

Market expert Nischal Maheshwari believes HDFC Bank is poised to outperform after a period of underperfor ...More

Market expert Nischal Maheshwari believes HDFC Bank is poised to outperform after a period of underperformance. He notes the bank's strong recent performance and expects it to surpass ICICI Bank as a leader in the private banking sector. Maheshwari also shares his insights on various stocks and sectors, including Tata Motors, travel and tourism, and BPC companies. ...Less

Nykaa's top executives, Anchit and Adwaita Nayar, discuss their omni-channel expansion strategy in the Mi ...More

Nykaa's top executives, Anchit and Adwaita Nayar, discuss their omni-channel expansion strategy in the Middle East, focusing on a high consumption market with underdeveloped e-commerce infrastructure. They emphasize profitability goals and notable market trends, including a strong online play and growth in men's lifestyle consumption. Despite stock price concerns, long-term value creation remains a priority. ...Less

JM Financial has reiterated its 'Buy' rating on Nykaa, raising the target price to Rs 250, reflecting a 1 ...More

JM Financial has reiterated its 'Buy' rating on Nykaa, raising the target price to Rs 250, reflecting a 15% upside from the previous day's Rs 217 closing price. The upgrade is driven by Nykaa's strong FY24 performance and strategic market positioning. ...Less

Kotak Securities has downgraded Nykaa to "Sell" from "Add" and lowered the target price to Rs 190 from Rs ...More

Kotak Securities has downgraded Nykaa to "Sell" from "Add" and lowered the target price to Rs 190 from Rs 195. While Nykaa's portal excels in product discovery, Q-commerce portals are expanding their BPC product range. Nykaa needs to invest in faster delivery. Kotak Securities also reduced FY25-27 EBITDA estimates by 3-7% due to lower margins, leading to the downgrade amid a sharp stock price increase. ...Less

Shares of FSN E-Commerce Ventures, the parent company of Nykaa, have rallied sharply, surging 20% over th ...More

Shares of FSN E-Commerce Ventures, the parent company of Nykaa, have rallied sharply, surging 20% over the past month, with an 11% increase occurring in the last week alone. Investor enthusiasm grew after the company reported a profit of Rs 13.64 crore for the first quarter ending June 2024, marking a 152% year-on-year increase. ...Less

As outlined in the bankers' term sheet, the Bangas intend to sell 4.09 crore shares at a floor price of R ...More

As outlined in the bankers' term sheet, the Bangas intend to sell 4.09 crore shares at a floor price of Rs 198 per share, representing a 5.9% discount to Thursday’s closing price of Rs 210. ...Less

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stor ...More

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look. ...Less

Shares of FSN E-Commerce Ventures, Nykaa's parent company, rose 4% after Harindarpal Singh Banga and Indr ...More

Shares of FSN E-Commerce Ventures, Nykaa's parent company, rose 4% after Harindarpal Singh Banga and Indra Banga sold a 1.4% stake. The sale price was Rs 198 per share, a discount from Thursday's closing. Nykaa's shares have shown significant gains, rising by 23% this year and 60% over the past 12 months. ...Less

Indian markets plunged on Wednesday, with the Sensex falling 984 points to 77,690 and the Nifty dropping ...More

Indian markets plunged on Wednesday, with the Sensex falling 984 points to 77,690 and the Nifty dropping 324 points to 23,559. Rising inflation, weak earnings, and foreign outflows dampened sentiment, ending hopes for a rate cut. ...Less

Beauty is one of the fastest growing segments on quick commerce, but Nayar said her focus remains on enha ...More

Beauty is one of the fastest growing segments on quick commerce, but Nayar said her focus remains on enhancing speed across the country through her own network. "Quick comm can cater to specific needs, but our focus remains on a more extensive network across the country, not just a few cities,” Nayar said. ...Less

Prior to GoKwik, Gupta held positions at Swiggy, Dineout, and Paytm. His strategic role will focus on enh ...More

Prior to GoKwik, Gupta held positions at Swiggy, Dineout, and Paytm. His strategic role will focus on enhancing and scaling solutions that simplify the checkout and payment journey for shoppers across diverse eCommerce platforms, reinforcing GoKwik’s commitment to providing tech-driven result-oriented solutions, the company said. ...Less

?So, all in all put together you are having a larger prospects of better industrial activity. Also, becau ...More

?So, all in all put together you are having a larger prospects of better industrial activity. Also, because of the fact that with America resuming two programmes, one on the tariff and second on Make in America, I believe that the demand for IT and IT related service of Indian companies will be on the rise. ...Less

Over 2500 companies, including prominent names like ONGC, Hindalco, and Hero MotoCorp, are set to release ...More

Over 2500 companies, including prominent names like ONGC, Hindalco, and Hero MotoCorp, are set to release their second-quarter earnings this week. Early reports suggest muted results, with analysts predicting the slowest growth in over four years due to a marginal 2% rise in Nifty earnings. ...Less

Amidst declining growth, beauty and personal care brands like Plum, Wow Skin Science, and Mamaearth-paren ...More

Amidst declining growth, beauty and personal care brands like Plum, Wow Skin Science, and Mamaearth-parent Honasa Consumer are pivoting to quick commerce and offline channels, moving beyond ecommerce platforms. Industry experts predict the rise of several major beauty brands in India as brands explore new growth avenues. ...Less

The equity indices rose on Wednesday, buoyed by FMCG, consumer durables, and healthcare sectors with stro ...More

The equity indices rose on Wednesday, buoyed by FMCG, consumer durables, and healthcare sectors with strong domestic institutional support. ICICI Securities dropped 7.52%, while Reliance Power climbed 5% and Nykaa soared 9.65%. Analysts suggest focusing on key support and resistance levels for these stocks to harness potential gains. ...Less

Nykaa Ltd, an e-commerce firm, has surged 20% in a month, reaching multi-year highs in August. Experts ad ...More

Nykaa Ltd, an e-commerce firm, has surged 20% in a month, reaching multi-year highs in August. Experts advise medium- to long-term traders to aim for above Rs 300 in the next 10-12 months. The stock recently broke out from a rounding bottom pattern and is trending above major moving averages, indicating sustained momentum. ...Less

The beauty giant, which manufactures makeup, skincare, perfumes, and hair care products, has been in Indi ...More

The beauty giant, which manufactures makeup, skincare, perfumes, and hair care products, has been in India for close to 20 years now. It had first launched MAC in the country, followed by Clinique, Estee Lauder and recently The Ordinary—its premium affordable range aimed at recruiting younger consumers. ...Less

Nykaa Share Price: Nykaa saw its shares rise by 6% after reporting a 152% year-on-year increase in net pr ...More

Nykaa Share Price: Nykaa saw its shares rise by 6% after reporting a 152% year-on-year increase in net profit for June 2024, reaching Rs 13.64 crore. Revenue for the quarter was Rs 1,746.11 crore, up 23%. The board also approved further stakes in Dot & Key Wellness and investment in Earth Rhythm, boosting its business strategy. ...Less

Foot Locker is entering India through a partnership with Metro Brands and Nykaa Fashion. Indians are show ...More

Foot Locker is entering India through a partnership with Metro Brands and Nykaa Fashion. Indians are showing a growing interest in sneakers, similar to trends in the US and China. The company expects significant growth in this market. New brands may be introduced, making India a key focus for Foot Locker’s expansion. ...Less

On the back of a new-age IPO wave and the broader rise in stock markets, domestic mutual funds now hold s ...More

On the back of a new-age IPO wave and the broader rise in stock markets, domestic mutual funds now hold stocks worth over $8 billion, or around Rs 69,000 crore in a dozen new-age companies. The rising exposure by mutual funds in new-age companies assumes significance, given the growing influence of this institutional investor class during the pre-IPO rounds, industry insiders said. ...Less

Swiggy’s initial public offering (IPO) anchor portion opens on Tuesday and the public issue on Wednesday. ...More

Swiggy’s initial public offering (IPO) anchor portion opens on Tuesday and the public issue on Wednesday. This and more in today’s ETtech Top 5. ...Less

Stocks in news: Domestic markets ended slightly higher on Thursday in a lackluster session. Ambuja Cement ...More

Stocks in news: Domestic markets ended slightly higher on Thursday in a lackluster session. Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro, along with other notable companies will be in focus due to significant news, including stake sales, GST orders, acquisitions, partnerships, and bonus issues. ...Less

Consumer demand for top luxury brands was a highlight of this season. “Demand for premium large appliance ...More

Consumer demand for top luxury brands was a highlight of this season. “Demand for premium large appliances grew by 30% over last year, while the fashion and beauty premium portfolio saw an over 400% spike vs business-as-usual (BAU) in categories like watches, fragrance, K-beauty, jewellery, handbags, sportswear, luggage, and kids-wear,” Amazon said in a statement. ...Less

Shares of FSN E-Commerce Ventures, the parent of Nykaa, surged 19% to an all-time high, recovering from a ...More

Shares of FSN E-Commerce Ventures, the parent of Nykaa, surged 19% to an all-time high, recovering from a two-day slump. This rise comes before their AGM on September 18. Nykaa’s quarterly net profit saw a 152% increase. The board approved further acquisitions and investments, reflecting strong investor confidence. ...Less

The reduction in losses follows the Bengaluru-based company’s efforts to curb overall expenses. In 2023-2 ...More

The reduction in losses follows the Bengaluru-based company’s efforts to curb overall expenses. In 2023-24, the company cut its expenses by 22.4% to Rs 377 crore, down from Rs 486 crore in the previous year. ...Less

New age companies showed strong performance in the April-June quarter, with an average 29% YoY revenue gr ...More

New age companies showed strong performance in the April-June quarter, with an average 29% YoY revenue growth, led by Zomato. Paytm was an outlier, with a 36% decline. Newly listed firms including Unicommerce, Ola Electric, and Firstcry attracted considerable investor interest and delivered notable gains, reflecting a changing market sentiment. ...Less

Several widely followed companies, including Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, He ...More

Several widely followed companies, including Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric will be releasing their June quarter report cards this week. Here’s the list: ...Less

Happy Wednesday! Quick commerce is spreading across categories as Nykaa and Licious launch rapid delivery ...More

Happy Wednesday! Quick commerce is spreading across categories as Nykaa and Licious launch rapid delivery pilots. This and more in today’s ETtech Morning Dispatch ...Less

Delivering instant gratification seems to be the need of the hour as beauty retailer Nykaa, direct-to-con ...More

Delivering instant gratification seems to be the need of the hour as beauty retailer Nykaa, direct-to-consumer (D2C) player Licious, and Myntra try out 10-15-minute delivery pilots in select cities. The companies are responding to the growing demand for rapid delivery across multiple product categories. ...Less

BLive EZY has deployed 1,000 premium electric vehicles to meet the festive demand for quick commerce. The ...More

BLive EZY has deployed 1,000 premium electric vehicles to meet the festive demand for quick commerce. The initiative supports rapid delivery, expecting orders to be fulfilled in 10-15 minutes. It aligns with sustainability goals and caters to the growing online shopping trend driven by platforms like Swiggy Instamart and Blinkit. ...Less

Q1 results today: Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluoroche ...More

Q1 results today: Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance Technologies, Ipca Labs, NBCC (India), Godrej Industries among others will also declare their quarterly results ...Less

"The real excitement kicks in if F&O inclusion for both these names happens within the next few months," ...More

"The real excitement kicks in if F&O inclusion for both these names happens within the next few months," said Nuvama Alternative's head Abhilash Pagaria. "This could pave the way for Zomato and Jio to enter the Nifty 50 in the March 2025 review." ...Less

Nykaa founder Falguni Nayar highlights that the beauty platform focuses on improving delivery timelines a ...More

Nykaa founder Falguni Nayar highlights that the beauty platform focuses on improving delivery timelines and extensive networks rather than quick commerce. Nykaa aims to serve its 35 million customers with a broad range of international and local brands through an omnichannel approach, enhancing both its online and physical presence. ...Less

Manish Chokhani of Enam Group emphasizes the importance of energy independence for India to become the th ...More

Manish Chokhani of Enam Group emphasizes the importance of energy independence for India to become the third largest economy. He draws parallels with the US and China, highlighting their strategic moves to secure energy sources. He warns that India's failure to address this issue could hinder its economic growth. ...Less

Last week, the Nifty index exhibited a choppy but positive trend, with potential gains towards 25,100-25, ...More

Last week, the Nifty index exhibited a choppy but positive trend, with potential gains towards 25,100-25,200. Analysts noted important support levels and recommended buying opportunities during minor dips. Stocks such as ICICI Bank, Nykaa, Sun Pharma, and Bajaj Auto showed positive momentum. Investors were advised to cautiously maintain and seek long positions. ...Less

Indian benchmark indices ended flat on Friday amid volatility, with traders cautious ahead of Federal Res ...More

Indian benchmark indices ended flat on Friday amid volatility, with traders cautious ahead of Federal Reserve Chair Jerome Powell's speech. ...Less

The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was down 7 points, or 0.03%, ...More

The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was down 7 points, or 0.03%, trading at 24,803 around 9:19 am. ...Less

Ola Electric Mobility's shares experienced an 82% increase since their August 9 market debut. Initially l ...More

Ola Electric Mobility's shares experienced an 82% increase since their August 9 market debut. Initially listed at ?76, the stock rose to ?157.4, driven by new vehicle introductions and institutional buying. Though analysts were skeptical, the long-term growth prospects have kept the stock buoyant. ...Less

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stor ...More

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look. ...Less

Zomato's decision to raise additional funds via QIP, despite holding $1.5 billion in cash, has sparked in ...More

Zomato's decision to raise additional funds via QIP, despite holding $1.5 billion in cash, has sparked intrigue in the quick commerce sector, with some viewing it as a strategic move to overshadow Swiggy's impending IPO. The slug of capital that will be needed to sustain growth in the high-burn quick commerce sector is resembling the trajectory of ecommerce a decade ago. ...Less

Foot Locker and Estée Lauder are eyeing India's youthful consumer base and increasing demand for premium ...More

Foot Locker and Estée Lauder are eyeing India's youthful consumer base and increasing demand for premium products. Foot Locker is expanding through partnerships with Metro Brands and Nykaa Fashion, while Estée Lauder plans local manufacturing and diverse price points to capture a growing beauty market. ...Less

New-age stocks surged recently, thanks to higher revenue growth and increased profitability through reduc ...More

New-age stocks surged recently, thanks to higher revenue growth and increased profitability through reduced spending. The ET E-commerce Index rose 45% in six months. Shares of Zomato, Paytm, and PB Fintech showed notable gains. Foreign institutional investors significantly increased their stakes, supporting the growth of these companies. ...Less

The stock declined 8.48% to close at Rs 4,184.45 apiece on the BSE, its biggest single-day fall in three ...More

The stock declined 8.48% to close at Rs 4,184.45 apiece on the BSE, its biggest single-day fall in three years. On Tuesday, DMart shares opened marginally higher at Rs 4,239.95 but closed a shade lower at Rs 4,192.20. ...Less

Sensex and Nifty saw significant declines. Stocks KIMS (+3%), Nykaa (+0.11%), M&M (-6.69%). Analyst Viral ...More

Sensex and Nifty saw significant declines. Stocks KIMS (+3%), Nykaa (+0.11%), M&M (-6.69%). Analyst Viral Chheda from SSJ Finance recommends: KIMS bullish, needs close above 2360; Nykaa in rally since April 2023, consolidating 120-200; M&M facing profit booking after uptrend since November 2021. Trading resumes today. Source: Economic Times. ...Less

Through the stake sale, Canada Pension Plan took home about Rs 256 crore. At the end of March quarter, it ...More

Through the stake sale, Canada Pension Plan took home about Rs 256 crore. At the end of March quarter, it held 1.47% equity in the company. In separate deals, Capital group affiliate Hema CIPEF has sold 0.46% stake in Mankind Pharma for Rs 2,082 apiece, taking the total deal value to Rs 385 crore. ...Less

Jindal Stainless on Monday said it will manufacture customised stainless steel and speciality low-alloy s ...More

Jindal Stainless on Monday said it will manufacture customised stainless steel and speciality low-alloy steel sheets for defence projects of BrahMos Aerospace. ...Less

U.S. producer prices increased less than expected in July as the cost of services fell by the most in nea ...More

U.S. producer prices increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing power for businesses, evidence of waning inflation pressures that reinforced hopes of an interest rate cut next month. ...Less

Top brokerage firms shared their latest stock ratings: JP Morgan recommended Hindalco and Apollo Hospital ...More

Top brokerage firms shared their latest stock ratings: JP Morgan recommended Hindalco and Apollo Hospitals, highlighting robust expansions and increased occupancy rates. Goldman Sachs suggested selling Hero Motocorp due to revenue shortfalls. Jefferies and Investec advised buying Max Financial and Nykaa, seeing growth potential. Detailed analysis and future projections backed these recommendations. ...Less