Nykaa is reporting healthy increase in its fashion AOV (up 18% YoY) but its NSV to GMV ratio is also falling consistently.
It was originally reported in December that Prataap Snacks promoters were in talks to sell a majority stake.
Analysts of IIFL Capital Services prefer MBFSL, VBL, United Spirits, Bikaji, GCPL and Sula.
The company's board of directors resolved to call a meeting on February 27 to discuss a proposal for a second interim dividend
According to Nestle, the company's success has been driven by consumer trends and a growing inclination towards brand acceptance in both large and small villages.
The net profit was mostly in line, although revenue fell short of street estimates.
It temporarily outpaced Hindustan Unilever's Rs 6.09 trillion valuation before settling lower at Rs 5.9 trillion.
Moreover, the company’s net profit fell 10% on a sequential basis.
On Thursday, the non-retail portion was subscribed 200%.
On July 13, the company launched OFS at a floor price of Rs 1,000 per share.
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