16 November 2021, Mumbai:
Nykaa’s valuations are at a premium to the leading retail players but the valuations are likely to sustain, given the better growth opportunity and scope for earnings improvement.
FSN E-Commerce Ventures (Nykaa; CMP: Rs 2,359; Market Capitalisation: Rs 1,11,559 crore) saw a stellar run-up, post the IPO. The stock was listed last week (10th November), and has more than doubled from its IPO price (gain of 110 percent).
The Q2 results were mixed, with the company continuing to deliver strong growth, while margins declined YoY, on account of the high margin base of last year. Money Control
(The article has not been edited by DFU Publications staff)
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