Nykaa: Why JM Financial calls it one of the ‘cleanest consumption-led plays in India,’ maintains ‘Buy’
JM Financial maintains a ‘Buy’ rating on FSN E-Commerce Ventures, describing it as one of the “cleanest consumption-led plays in India” and expects the stock to continue outperforming. The stock price was trading 2% up intraday today.
Nykaa: Consolidated growth highest in three years
Nykaa is expected to report consolidated net revenue growth in the late twenties, marking its strongest performance in the last 12 quarters. Overall, Gross Merchandise Value (GMV) growth is also projected to be in the late twenties.
