Nykaa did amazing capex last quarter. It includes:-
- Retail expansion (+43% YoY in-store area)
- Warehouses (+79% YoY in warehouse capacity)
- Office space (+68 YoY in office space)
However, 1st & 2nd are likely to be paused for the next 12-18 months.
They are also really keen on optimizing their margins. Either by decreasing marketing and advertising spending or scaling up their eB2B business.
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