Will slow and steady win the fashion for Nykaa?
Nykaa Q2 Earnings
Nykaa has reported a good performance for Q2 2022. However, the performance is dependent on BPC rather than fashion.
Nykaa competes with RIL’s AJIO, Myntra, Tata Cliq, Aditya Birla Fashion etc. among others in the fashion space. Nykaa is a curated marketplace catering to higher end of the market.
The fashion space is controlled by deep pocket players and…