@jamit05
For Nykaa, all the birds are in the bush and everyone has to keep guessing about their quantity and timing. For the near term (3~5 Yrs), PE is and will remain ill-suited for for Nykaa’s valuation. Being a growth business, the focus shall be on topline’s growth, which generates enough cash to support all the initiatives. With time, embedded levers shall expand OPM towards 16~20%.
@richdreamz
Any thoughts on the customer stickiness (repeat purchase behavior) aspect for the ‘Fashion’ vertical?
Factors such as Family/friend feedback at the store, impulse buying, touch, and feel play a major role while buying fashion products. Virtual tryouts cannot overcome these factors. The online marketplace will always remain on the back foot on these aspects.
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