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Nykaa Projects 26% Q3 Revenue Surge Amid Competitive Pressures

  • Nykaa forecasts a 26% revenue growth for Q3, potentially reaching Rs 2,253.88 crore, driven by robust beauty sales despite rising competition.
  • Shares of Nykaa rose by 3% post-disclosure, showing market confidence in its growth trajectory and business model.
  • Despite strong beauty segment performance, Nykaa's fashion vertical struggles, facing intense rivalry from Myntra and Ajio.

Source: The Arc

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