Nykaa IPO - Unique E-Commerce Player With Untapped Growth Potential: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct's IPO Report.Nykaa is the largest specialty beauty and personal care platform in India in terms of value of products sold in FY21 and one of the fastest growing fashion platforms in India based on growth in gross merchandise value.The company has the highest average order value among leading online beauty and personal care platforms in India. Nykaa carries a large number of leading luxury and prestige beauty and personal care brands making it the customer’s retail destination of choice in India.It is a capital efficient business with strong growth and profitability. Its capital turnover ratio improved from 3.1 times in FY19 to 4.2 times in FY21.Nykaa values its brand relationships and has a team of brand managers who work closely with brands to strategise and execute growth and brand building strategies..Click on the attachment to read the full IPO report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Nykaa IPO - Unique E-Commerce Player With Untapped Growth Potential: ICICI Direct

Nykaa IPO - Unique E-Commerce Player With Untapped Growth Potential: ICICI Direct

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