Nayka share price Growth: On the last day Nykaa’s stock started at ₹151.75 and ended at ₹150.3. Throughout the day, it hit the highest point of ₹151.95 and the lowest point of ₹144.65.
Nykaa’s total value in the market, known as market capitalization, is ₹41,559.35 crore. In the past year, the stock’s highest price was ₹195.4, and the lowest was ₹114.3. Impressively, Nykaa saw a trading volume of 658,958 shares on the Bombay Stock Exchange (BSE).
In its recent earnings review note on FSN E-Commerce Ventures Ltd (Nykaa), pointed out potential challenges that have affected its recent market re-rating compared to other platform peers.
These challenges include rising competition, increased debt, and uncertainties regarding margin improvement.
Nykaa’s Q3 Performance:
Nykaa reported a robust Q3 performance, witnessing a notable 106% YoY surge in net profit, reaching Rs 17.50 crore, and a 22% YoY rise in sales, totaling Rs 1,788.80 crore.
The EBITDA for the quarter jumped by 26% YoY to Rs 98.80 crore, with an EBITDA margin (excluding ESOP and new business expenses) coming in at 6.1%, up from 5.3% YoY.
Nayka share price Growth today
As of February 14, 2024, Nykaa’s share price is 151.45 INR, experiencing a positive change of +3.50 (2.37%) for the day
Nykaa share price Growth compares to its stock peers
The latest stock performance for FSN E-Commerce Ventures, MSTC, Spencer’s Retail, Intrasoft Technologies, and Istreet Network:
FSN E-Commerce Ventures saw its latest price at ₹148.0, with a positive change of +2.45 (1.68%) and a market cap of ₹42,216.21 crore. The stock’s 52-week high was ₹195.4, while the low was ₹114.3.
MSTC recorded the latest price of ₹895.25, showing a change of +8.6 (0.97%) and a market cap of ₹6,302.56 crore. Its 52-week high and low were ₹1165.0 and ₹239.65, respectively.
Spencer’s Retail exhibited the latest price of ₹110.0, changing -4.1 (-3.59%) with a market cap of ₹991.45 crore. The 52-week high and low for the stock stood at ₹139.4 and ₹51.52.
Intrasoft Technologies displayed the latest price of ₹163.05, reflecting a change of +3.6 (2.26%) and a market cap of ₹240.2 crore. The stock’s 52-week high and low were ₹190.0 and ₹95.0.
Istreet Network’s latest price was ₹2.8, experiencing a change of -0.05 (-1.75%) with a market cap of ₹5.96 crore. The 52-week high and low for this stock were ₹3.22 and ₹1.41, respectively. This comprehensive summary provides a quick snapshot of the key financial indicators for each company.
READ HERE: Reliance Industries Share Price 2024 Growth and Projection.
Nayka share price Growth Target 2024
- Q1 2024: The minimum target is ₹210.
- Q2 2024: Aim is set at ₹225.
- Q3 2024: Nykaa plans to reach ₹240.15.
- Q4 2024: The highest target for the year is ₹248.
These targets indicate the company’s optimistic outlook, with expectations ranging from ₹210 to ₹248 throughout the year. Investors will be keen to see if Nykaa can meet and exceed these goals in the coming quarters.
Nayka Share Price Growth Prediction 2025
- Q1 2025: Setting the bar at ₹257.
- Q2 2025: Aiming higher with ₹268.70.
- Q3 2025: Pushing boundaries to reach ₹278.85.
- Q4 2025: The pinnacle target for the year is ₹287.20.
According to their technical analysis, Nykaa envisions a journey from ₹257 to ₹287.20 in 2025. Investors will be watching eagerly to see if the company can meet and surpass these ambitious targets in each quarter.
Nayka Share Price Growth Segment-Wise Performance:
- Beauty and Personal Care (BPC): Nykaa reported stable growth, with a 20% NSV growth in BPC. Notable achievements include a 25% increase in GMV, a 16% YoY rise in Annual Unique Transacting Customers (AUTC) to 11.1 million, and a 40% YoY growth in owned brands’ GMV.
- Fashion: The fashion segment delivered a robust 40% GMV growth, with a 30% NSV growth. Contribution from own brands improved by 30% YoY, reaching a 12% share in GMV. The fashion business also saw a significant improvement in contribution margin to 11% from 1% in Q3FY23.
Conclusion:
In summary, Nykaa’s recent stock performance reflects resilience and potential, with a notable Q3 surge in net profit and sales. Challenges outlined by Nuvama Institutional Equities indicate areas for improvement.
Nykaa’s stock peers show varying performances. The 2024 price targets suggest an optimistic outlook. Looking ahead to 2025, Nykaa aims for substantial growth, aspiring to reach impressive share prices. Investors await the company’s ability to navigate challenges and achieve its ambitious targets.
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