Beautiful Financial News

FSN E-Commerce Ventures, the operator of omnichannel beauty and fashion retailer Nykaa, will today announce its financial results for the quarter ended September 2023. Nykaa is expected to report strong earnings growth in the second quarter of FY24 with net profit more than doubling on an year-on-year basis, while revenue seeing a decent rise driven by uptick in the beauty and personal care (BPC) segment. However, with the festive season completely in the third quarter this year compared to partly in Q2 last year, the growth in Nykaa’s BPC segment would be limited, analysts said.

The stock, which has advanced 13% in the last six months, is still trading around 34% below its 52-week high level of Rs 224.65. In Q2, the new-age company is expected to report a double-digit year-on-year (YoY) growth in revenue for the September quarter, driven primarily by the beauty and personal care and fashion segments, which are seen growing 21-31%. Nuvama Institutional Equities expects overall gross merchandise value growth of 25% YoY for the Nykaa brand owner. The industry estimates indicated slightly subdued discretionary consumption, primarily on account of a delayed festive season, but Nykaa on the contrary, has witnessed a strong quarter across all verticals, analysts said. Kotak Institutional Equities expects an improvement in the operating margin to 5.9% (up 90/70 bps yoy/qoq), driven by positive operating leverage. After having faced investor wrath in 2022, most new-age companies are seeing a turnaround in 2023 with the likes of Zomato and Paytm leading the way. Zomato, whose shares have already crossed past the listing price of Rs 115, surprised Street by reporting food delivery GOV growth at 20/9% YoY/QoQ. «Unit economics to steadily improve with scale as Zomato unlocks cost efficiencies and as customer willingness to pay for convenience increases. We value Zomato's delivery business at an exit multiple of 52x Sep'25E Ebitda and quick commerce at 9x Sep'25E Sales, to arrive at a price target of Rs165,» Jefferies said. (You can now subscribe to our ETMarkets WhatsApp channel) (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Bholaa’ actress Amala Paul has finally walked down the aisle with her longtime beau Jagan Desai. The couple had a dreamy, lavender-themed wedding in Kochi. The wedding took place as per Christian rituals. Taking to Instagram, both the couple treated followers to some glimpses of their fairy tale wedding. Sharing the photos, the ‘Run Baby Run’ star wrote, “Celebrating the love & grace that brought us together. #Married to my divine masculine. Seeking your love and blessings (tiara emoji) (red heart with sparkle emojis) #sacredunion.” In the pictures, the ‘Amma Kanakku’ actress looked ethereal in a lavender-coloured lace bustier and flowing skirt. She completed the princess look with a matching statement neckpiece. Desai twinned with his bride in an ivory coloured kurta-pajama and a lavender- coloured dupatta. In another post, Desai also shared some breathtakingly beautiful pictures from their wedding and wrote, “Two souls, one destiny, walking hand-in-hand with my divine feminine, for the rest of this lifetime.” The couple were wed at the Grand Hyatt Hotel at Bolgatty, Kochi. According to an ETimes report, Desai is a sales head at luxury homestay Scilla Villas in Goa. Earlier Paul was married to Tamil director AL Vijay, with whom she had collaborated in films such as ‘Deiva Thirumaga’ and ‘Thalaivaa’. However, the two parted ways in 2016. In 2020, she was rumoured to have tied the knot with singer Bhavninder Singh, but she dismissed all speculations.

Chris Harrison, the former host of popular reality TV shows like The Bachelor and its spinoffs, including The Bachelorette and Bachelor in Paradise, recently tied the knot with producer Lauren Zima. Their joyous union was celebrated through two separate ceremonies in beautiful locations. The first ceremony occurred on October 14 in Napa Valley, California, while the second took place on November 4 in Austin, Texas, where the couple currently resides. Both Chris and Lauren shared the news on Instagram, with Lauren expressing her excitement by writing, «We're married ❤️ Let the journey begin….» Their special day was made even more memorable by the musical talents of William Beckman, who performed at the ceremony. In a touching tribute to Lauren's late father, Gary Zima, who passed away in 2010, Beckman serenaded the couple with their favorite song, «Summer Wind» by Frank Sinatra, during their first dance. The choice of California's wine country for their nuptials held sentimental significance for the couple, as it was the very place where Chris proposed to Lauren in October 2021.

Shirui village in Tangkhul-Naga dominated Ukhrul district have put a ban on killing and hunting of animal and birds there for three years. This came at a time when forest officials and villagers of Tamenglong district have stepped up to protect Amur falcons, their winged guests. About 93 km from Imphal, Shirui, one of the key tourist spots of the state, is famous for its beautiful and rare Shirui lily, which is grown only in Shirui mountain peaks. Britisher Frank Kingdon Ward had in 1948 discovered Shirui Lily (Lilium mackliniae). The beautiful flower blooms in the month of May and June, and in 1989 the state government had declared Shirui Lily as the state flower. Shirui village authorities besides prohibiting killing of animals and birds within the village’s jurisdiction, have also put a total ban on using air guns and fire arms to promote conservation and bio-diversity of the area for three years with effect from October, said a letter submitted to divisional forest officer (Ukhrul) recently. For proper and effective implementation of bio-diversity conservation, the village heads also requested the forest officer to issue a drone to them, said the letter. Chief minister N Biren Singh, who chaired a cabinet meeting in Ukhurl last month, lauded the initiatives taken up by the Shirui village to conserve biodiversity and protection of wildlife there. On Sunday, Biren took to Facebook and said “For the first time in Manipur, the people of Shirui village have decided to completely ban the hunting and killing of animals and birds within their jurisdiction.

HONG KONG—Leading Western brands in China are feeling the pinch from the country’s consumer slump. From luxury cosmetics firm Estée Lauder to apparel maker Canada Goose and iPhone seller Apple, companies are reporting weak results, with some saying customers aren’t reopening their wallets almost a year after Covid-related isolation ended. Estée Lauder shares sank 17% Wednesday, hitting the lowest levels in years, after the firm behind brands such as M.A.C and Clinique, cut its fiscal year outlook—in part because of a slower recovery of sales for high-end beauty products in mainland China.

will now take over Sephora's 26 stores in India from Arvind Fashions. The transaction has been done at enterprise value of ₹216 crore toward the sale of the entire equity stake and repayment of loans. The purchase consideration the toward sale of entire equity stake is ₹99.02 crore.

₹1,701-crore worth Mamaearth IPO opened for public subscription on October 31 and closed on November 2. The company has finalised the basis of IPO allotment on Friday, November 3. The equity shares of the beauty and personal care company Honasa Consumer will be listed on stock exchanges BSE and NSE, with a tentative listing date fixed on November 10.

Priscilla Presley rarely speaks for very long in “Priscilla," the new movie about her life. Instead, her eye makeup delivers a bold statement about the truth of being married to Elvis. In a quick opening sequence, Priscilla, portrayed by Cailee Spaeny, applies black eyeliner to create a perfect batwing.

The holiday season, which starts with Ganesh Chaturthi and ends with Christmas, and the start of the new year are seen as favourable times to make real estate investments in residential properties. The festive season, which is a much-anticipated period of the year when home purchasers choose to make purchases, gives the real estate industry a considerable boost and is defined by introducing new projects along with various advantages to entice buyers.

Reliance Retail will now operate Sephora in India as Arvind Fashions Limited (AFL) has signed definitive agreements with Reliance Beauty & Personal Care Limited (RBPCL) to sell its wholly owned subsidiary Arvind Beauty Brand Retail Limited (ABBRL) which runs Sephora India business, in an all cash transaction. Transaction has been done at enterprise value of Rs 216 crore towards sale of entire equity stake and repayment of loans. On a consolidated basis, the turnover of Arvind Beauty Brands Retail Limited in the previous financial year 22-23 was Rs 336.70 crore which accounted for 7.60% of the consolidated revenue of the company. Net worth of Arvind Beauty Brands Retail Limited in the Financial Year 22-23 was Rs 10.6 crore which accounted for 1% of the consolidated net worth of the company. AFL intends to utilise the proceeds to invest in growth of its brands portfolio and repayment of debt.

Now, imagine having the opportunity to explore a treasure trove of traditional clothing for men and women, all at incredible discounts ranging from 60% to 80%. It's a journey like no other, where you can redefine your style, honour your heritage, and discover clothing that speaks to your soul, all without breaking the bank. This article promises to explore a collection that caters to a variety of tastes, occasions, ensuring that everyone can find something that resonates with their fashion sensibilities. These traditional clothing items also make an excellent gifting option this Diwali, allowing you to share the joy of the festive season with your loved ones through the timeless gift of fashion.

From religious idols and figurines to beautifully designed Mandirs and Chowkis, from prayer accessories to exquisite religious wall art, and from enchanting lanterns to traditional diyas, our top picks are here to make your festive celebrations truly divine. Explore the festive season discounts and ensure your puja preparations are nothing less than perfect.

The first of these exciting store openings is set for next week, with M&S' brand-new Birmingham Bullring store opening its doors to the public on November 7. This store will feature an array of offerings, including clothing, home, and beauty departments, as well as a revamped M&S Foodhall that offers a unique marketplace ambiance. The new stores will also include an expanded M&S Bakery where shoppers can look forward to fresh produce displays.

Shares of Estee Lauder (NYSE:EL) plunged following the company's earnings release on Wednesday, which has prompted analysts at Telsey and RBC Capital to downgrade the stock.

Investing in gold bars is not just a financial decision but also an emotional one. Gold signifies longevity and wealth, making it the perfect gift for those you cherish. But with rising prices, it's crucial to seize opportunities like these discounts to make your gift memorable. Explore the best deals and offers available for gold bars in India in 2023. Discover where to find these exclusive deals, the brands offering them, and how to choose the right gold bar for your occasion. With these discounts, gifting gold becomes more affordable, allowing you to express your love and best wishes in the most precious way.

The arrival of the festive season brings the occasion to transform your home from its gloomy state. In this spirited season, the call to action is clear: revamp your living spaces with fervour, infusing them with the colours of festivities. Your home is not just a place but a canvas for self-expression. Hence, don’t settle for the mundane and monotonous; instead, take inspiration from the latest trends to breathe new life into your interiors.

India vs Sri Lanka, ICC World Cup 2023: Sri Lanka is off to a great start against India as pacer Dilshan Madushanka dismissed Team India skipper Rohit Sharma on the second ball of the match. Rohit Sharma has played attacking cricket in World Cup 2023 so far and he started on a similar note against Sri Lanka with a beautiful four, but Dilshan Madushanka made a comeback on the next ball as he dismissed the Indian skipper on 4 runs. The users on social media were stunned by Rohit Sharma's wicket with some expressing disappointment while some claiming it was a good learning for the upcoming batters.

Can “engagement" mean “addiction", especially where children and teenagers are concerned? There appears to be bipartisan consensus in America that this could be the case, going by a couple of big lawsuits recently filed against Meta. A consortium of 41 US states and the District of Columbia has alleged that the social media giant deliberately used algorithms designed to get youngsters addicted to platforms such as Instagram and Facebook, and also concealed internal research that linked high social media use to higher levels of anxiety, despair, eating disorders and insomnia. The lawsuits also allege that Meta harvested and monetised the data of minors without proper consent, and asks for compensation and restitution for individuals and families that have suffered harm.

Mizoram to vote for her party in the upcoming assembly elections. In a video message, she said that to ensure peace & protect Article 371G of the Constitution, which is the Mizo way of life, people must vote for the Congress. Sonia Gandhi recalled her special bond with Mizoram while making a personal appeal to youth and women to vote for Congress, saying it stands for peace, progress and prosperity in the northeastern state. The Congress leader said her party is the only one that can guarantee the development of Mizoram, empowerment for its people, and protection for the weakest in society while reminding them how the party has fulfilled its promises made in other states, including Karnataka, Chhattisgarh, Rajasthan and Himachal Pradesh. “Mizoram occupies a very special place in my heart. I visited many times over the years.

Wall Street's major indexes closed higher on Wednesday with the Nasdaq's 1.6% advance leading gains, after the U.S. Federal Reserve kept interest rates unchanged and comments from its top official fueled investor optimism rate hikes were done even though the central bank left the door open for more. Fed Chair Jerome Powell said policy makers would proceed carefully although they were not yet confident financial conditions were restrictive enough to get inflation as low as the central bank would like. Trading was choppy at the start of Powell's press conference but the major equity indexes started to regain lost ground after about 20 minutes, then went on to hit session highs. This was because the Fed's top official «wasn't as assertive about higher-for-longer» rates as he has been in past press conferences, according to Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. Charlie Ripley, senior investment strategist for Allianz Investment Management, wrote that while there is still a potential risk for the Fed to raise rates again, Powell's commentary suggests that «the bar has become higher for rate hikes.» Edward Moya, senior market analyst at Oanda wrote that while Powell insisted he was keeping options open for a hike «he didn't seem very convincing.» The Dow Jones Industrial Average rose 221.71 points, or 0.67%, to 33,274.58, the S&P 500 gained 44.06 points, or 1.05%, to 4,237.86 and the Nasdaq Composite added 210.23 points, or 1.64%, to 13,061.47. Among the S&P 500's 11 major sectors only two lost ground with energy falling 0.3% while consumer staples edged down 0.06%.