Nykaa vs Mamaearth: Which e-commerce stock should you pick for long term?

E-commerce stocks, many of which had a shaky start in the stock market, have shown signs of recovery over the past year, with improvements in both stock performance and earnings. Amid this rebound, the question arises: between FSN E-Commerce Ventures (Nykaa) and Honasa Consumer (Mamaearth), which offers better long-term investment opportunities?

Stock Price Trend

Nykaa has outperformed Honasa so far this year, rising over 30 percent year-to-date in 2024, while the latter has added over 7 percent during the same period.