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27.07 - 12:24
Nykaa’s Q1 may be muted. Fashion biz needs a revamp
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Nykaa recently outlined a breakeven plan for the fashion segment, which posted an Ebitda loss of ₹101.6 crore in FY24. The company has guided to break even at the Ebitda level by FY26 and clock a mid-single-digit margin in FY27, helped mainly by growth in brand assortment and advertisement revenue.
While Q1 may not be a blockbuster quarter, Nykaa's BPC segment performance and long-term vision appear promising. As things stand, the company’s shares are about 10% below their 52-week highs seen in January.
Two factors are worth watching. One is sustained momentum in the BPC segment despite competition from quick commerce.
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