Thanks for sharing.
A nice read, particularly the sections dealing with SKU analysis/channel checks and What Nykaa got right.
However, I think that the below points are either missed or underestimated:
- Potential of the latest partnership with the Apparel Group.
- AoV (average order value) to remain at its current levels.
- BPC TAM calculation considers only the women population.
In nutshell, the analysts expect revenue growth of 35% CAGR till FY25, sales to reach 9256 Cr. and
ROE to reach 21% by FY25.
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