Q1 updates lift retail: Nykaa, Senco Gold, Radico Khaitan gain on strong growth
Retail stocks rally on Q1 business updates. Nykaa rose 3% on mid-twenties beauty GMV growth and store expansion. Jeweller Senco Gold jumped ~7% on ~60% YoY revenue growth, 38% SSSG and plans for 12-15 new stores by FY27. Radico Khaitan gained on premiumisation-led double-digit volume growth.
Q1 business updates lift retail stocks: Nykaa up 3% on mid-twenties beauty GMV growth and store expansion; jeweller Senco Gold jumps ~7% on 60% revenue growth, 38% SSSG, plans 12-15 stores; Radico Khaitan gains on premiumisation-led double-digit volume growth.