Nykaa shares gained 3% rise in Trade on Tuesday, 11 February. The shares of all Nykaa products rise after the December quarter (Q3FY25) results. Nykaa share price Rise by 3% and opened at ₹171.85 in intra-day trade. The stock expected to make extended gains and hit a day high of ₹174.60, up 2.94 % over the last close. The retail player, FSN E-Commerce Ventures, operator of the Nykaa brand, report healthy quarter numbers after market hours of 10 Feb.
Q3 Result led Nykaa share price Rise by 3%
On Monday, FSN E-Commerce Ventures reports 61.43 % year-on-year (YoY) jump in net profit for Q3FY25 to ₹26.12 crore against profit of ₹16.18 crore a year ago. The consolidated net profit reach to160.2 % against ₹10.04 crore in Q2FY25
The consolidated revenue of Nykaa from operations saw a rise of 26.74 % to ₹2,267.21 crore for Q3FY25 against ₹1,788.80 crore in Q3FY24. The company revenue will increase to 21%
Is it good to invest in Nykaa Stock after Q3 Result
Some experts analyze the company’s stellar Q3 show and show their interest that it is a good asset to invest for healthy growth. The head of research at Lakshmi Shree Investment and Securities, Anshul Jain, observes the FSN E-Commerce Ventures with a high performance with a 61% YoY surge in profit after tax applicable to 26 crores.
The great demand in fashion and beauty segments contributes to topline growth. “The performance of Nykaa shows the resilience in the evolving e-commerce world, and contribute to future expansion, he said.”
AVP of research at Hensex Securities, Mahesh M Ojha also look at technical chart. According to this, the Nykaa share price Rise by 3% for the near-term target of ₹185 and ₹200. Nykaa shareholders also recommended to maintain a trailing stop loss under ₹158 apiece,” as per experts.
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