This is a good time for Nykaa.
They are riding on free publicity.
Any talk, good or bad without actual fundamental shift is publicity.
Bonus, End of lock in period, followed by wide media coverage has made Nykaa well known in investing circles. Every investor I meet has 2 Cents on Nykaa. Good, I say.
This will all lead to something. All in good time.
As for ground reality, last quarter sales grew 39% YoY and 7% sequentially. These are very good numbers, and all this without burning cash.
This is a little muted, next quarter numbers will be more interesting because, Shaadi season and Diwali sales will reflect
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