Nykaa Rises Following Favorable Q3 Business Update
Nykaa noted the positive trajectory of long-term macro indicators such as robust GDP growth, stable interest rates and increasing GST collections, reflecting India’s strong consumer-driven economic growth. However, the short-term pressures have impacted discretionary consumption, affecting Nykaa’s beauty and personal care (BPC) vertical. The company anticipates mid-twenties growth in gross merchandise value (GMV) and around […]