Nykaa’s market cap briefly exceeds Zomato, Paytm during intraday trading

• ByStartupStory     |    November 29, 2021

Nykaa saw its market capitalisation go past that of online food-delivery platform Zomato and digital payments major Paytm on BSE. The market cap of the cosmetics-to-fashion ecommerce player hit Rs 1.19 lakh crore, while Zomato and Paytm had a market cap of Rs 1.18 lakh crore and 1.12 lakh crore, respectively, during the day. Shares of FSN E-Commerce Ventures was up 5.22% at Rs 2,523.80 at 1 PM on Friday on BSE. Shares of Zomato were down 6.04% at Rs 150.65 in intraday trade after opening at Rs 157.55 apiece.

Ahead of the results, Paytm’s shares dropped as much as 7.7% in early Mumbai trading on Friday. While the stock had jumped about 32% over the last three days, it is still well below its IPO issue price of Rs 2,150 as investors continue to raise questions on its longer-term prospects.

Paytm’s shares closed 0.86% lower at Rs 1,781.15 on Friday.

In the quarterly results announced post the mega listing earlier this month, Nykaa’s gross merchandise value (GMV) for the period ending September 30, 2021 saw a 63% year-on-year (y-o-y) growth and 10% sequential quarter on quarter growth.

For the quarter ending September 30, 2021, its consolidated revenues from operations grew by 47% y-o-y to Rs 885.30 crore as against Rs 603.8 crore for the same period last year. Its sequential growth, i.e. quarter-on-quarter stood at 8% as against Rs 817 crore it earned for the quarter ending June 30, 2021

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