Latest news with #BPC
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
Brokerages bullish on Nykaa's BPC growth, cautious on fashion outlook
Nykaa in focus: Nykaa's 2025 Annual Investor Day presentation received a broadly positive response from brokerages, who highlighted continued strength in the Beauty and Personal Care (BPC) vertical while adopting a more cautious tone on the company's ambitious fashion targets. Nomura described Nykaa's growth plans in the BPC segment as being 'in line with our view,' and highlighted the company's strong positioning in the premium beauty space. It expects Nykaa to deliver '27 per cent/25 per cent revenue growth in FY26/27F' in BPC, with margins expanding steadily despite management not offering any specific guidance. However, the brokerage remained measured about the fashion segment, calling the company's outlook 'ambitious.' Nomura said, 'It may be tough in our view to deliver stronger growth with sharp improvement in margins' considering the 'high level of competition.' On profitability, it sees fashion margins improving but remaining negative at -7 per cent by FY27F. Nomura concluded that while there's potential for upside, execution remains key. It values the stock at a discounted cash flow (DCF)-based target price of ₹216, calling the current ~5x FY26F EV/sales multiple 'in the fair value zone.' The brokerage has kept the ratings unchanged at 'Neutral'. Meanwhile, JM Financial stressed upon Nykaa's 'aggressive growth aspirations across BPC and fashion,' and pointed to positive traction in its eB2B Superstore vertical. The brokerage highlighted that the company has now guided for fashion earnings before interest, tax, depreciation and amortisation (Ebitda) breakeven in FY26, which is earlier than its own FY27 expectation. While management refrained from issuing specific Ebitda guidance for BPC, JM Financial stated, 'We expect contribution margins to remain stable, with Ebitda margin expansion likely supported by operating leverage.' It also noted Nykaa's confidence in scaling, saying, 'Mid-20s GMV growth in BPC and a 3-4x increase in Fashion net sales value (NSV) over the next five years reflect management's strong confidence.' The brokerage believes Nykaa has shown robust execution 'in a tepid demand environment,' and sees further margin enhancement as a possibility. It maintains a 'Buy' rating with a target price of ₹250 for March 2026. Nuvama echoed a similarly positive sentiment, with a focus on profitability and long-term sustainability. The brokerage pointed out that Nykaa management expects the 'BPC business to grow at a mid-20 per cent compound annual growth rate (CAGR) during FY25–30E' and that 'Fashion business is to attain Ebitda margin breakeven in FY26.' It also highlighted strong potential in the House of Nykaa, noting its gross merchandise value (GMV) target of ₹6,000 crore by FY30E. On the quick commerce front, Nuvama mentioned that 'NykaaNow is available in seven cities with a target to expand to ten cities.' The brokerage underscored the company's disciplined approach, stating, 'Management focus remains on sustainable growth by adding quality customers to the funnel rather than discounting products.' It expects profitability to improve 'on the back of lower losses in the fashion and eB2B segments,' and retained its 'Buy' rating with a DCF-based target of ₹235. Those at Emkay, too, recommended an 'Add', with a target price of ₹230 as they see steady growth in BPC, improving profitability in Fashion, and long-term value creation through new initiatives like Nykaa Now and House of Nykaa. That said, the brokerages remain bullish on Nykaa's BPC prospects and confident in its broader digital and omnichannel strategy. While Fashion remains an area requiring careful execution, analysts see room for upside if the company delivers on its ambitious growth and profitability milestones.
Yahoo
2 days ago
- Entertainment
- Yahoo
Brandy And Monica Announce ‘The Boy Is Mine' Arena Tour
What started as a rumor is now a dream come true. Brandy and Monica have formally announced their co-headlining tour, kicking off this fall. The women appeared on CBS Mornings on Tuesday (June 24) to unveil the tour visualizer and dates. The Boy Is Mine Tour is a 24-city arena tour, produced by Black Promoters Collective, that begins on October 16 and concludes on Dec. 7. As previously mentioned, they will be joined by Kelly Rowland, Muni Long, and American Idol winner Jamal Roberts. 'This really is a full-circle moment. Monica and I coming together again isn't just about the music— it's about honoring where we came from and how far we've both come,' Brandy said in a statement. ''The Boy Is Mine' was a defining chapter in R&B, and to share the stage all these years later is bigger than a reunion—it's a celebration of growth, sisterhood, and the love our fans have given us from day one.' Monica added, 'The love that 'The Boy Is Mine' continues to receive means everything to me. This tour is a celebration of our history, our impact, and the fans who have grown with us. Brandy and I have been on our own unique journeys, and coming back together in this way is a reminder of the power of respect, strength, and real music. We're giving the people what they've been asking for, and doing it with grace, love, and purpose. God's timing perfectly aligned us.' Shelby Joyner, President of Black Promoters Collective, shared, 'Bringing Brandy and Monica together for this tour is more than just a moment — it's a cultural homecoming. Their impact on R&B is immeasurable, and 'The Boy Is Mine' continues to be one of the most iconic collaborations of all time. At BPC, we're committed to celebrating culture and legacy, and this tour is a powerful example of both.' Tickets go on sale this Friday, June 27, at 10 a.m. local time. Presale tickets will be available on Thursday from 10 a.m. to 11:59 p.m. local time using the code BPC. See full dates for The Boy Is Mine Tour below. Oct. 16 – Cincinnati, OH – Heritage Bank Center Oct. 17 – Milwaukee, WI – Fiserv Forum Oct. 18 – Chicago, IL – United Center Oct. 19 – Indianapolis, IN – Gainbridge Fieldhouse Oct. 30 – Memphis, TN – FedExForum Oct. 31 – Atlanta, GA – State Farm Arena Nov. 1 – Greensboro, NC – First Horizon Coliseum Nov. 2 – Baltimore, MD – CFG Bank Arena Nov. 7 – Las Vegas, NV – T-Mobile Arena Nov. 8 – Oakland, CA – Oakland Arena Nov. 9 – Los Angeles, CA – Kia Forum Nov. 13 – Charlotte, NC – Spectrum Center Nov. 14 – Columbia, SC – Colonial Life Arena Nov. 15 – Birmingham, AL – Legacy Arena at BJCC Nov. 16 – St. Louis, MO – Enterprise Center Nov. 20 – Brooklyn, NY – Barclays Center Nov. 21 – Newark, NJ – Prudential Center Nov. 22 – Atlantic City, NJ – Jim Whelan Boardwalk Hall Nov. 23 – Hampton, VA – Hampton Coliseum* Nov. 29 – Detroit, MI – Little Caesars Arena Nov. 30 – Washington, DC – Capital One Arena Dec. 5 – New Orleans, LA – Smoothie King Center Dec. 6 – Fort Worth, TX – Dickies Arena Dec. 7 – Houston, TX – Toyota Center *Muni Long Not Appearing More from Dream Setlist For Brandy And Monica's Rumored 'Boy Is Mine' Tour Kendrick & SZA's Grand National Tour Cements How They're Two Sides Of The Same Coin B2K Announces 2026 Reunion Tour
Metropolis Japan
3 days ago
- Entertainment
- Metropolis Japan
Escape to Paradise: 'TWO SUNS 2025' Brings Beach & Pool Bliss to Chiba
This summer, forget choosing between the beach or the pool—'TWO SUNS 2025' invites you to indulge in both. Hosted by the stylish BOTANICAL POOL CLUB and the brand-new Motona Beach Club, this special two-day event on July 21 and August 23 transforms Chiba's coastal hideaway into a double-feature of tropical delight. Picture yourself basking in the sun at an infinity pool surrounded by lush greenery, then hopping over to a sun-soaked beach for shisha, bootcamps, and SUP. Fuel up with all-you-can-eat tacos and BBQ, refresh with kombucha and açaí bowls, and vibe to live DJ sets that carry you from noon to sunset. As day turns to dusk, gather by the pool for fire dancer performances and a breathtaking horizon view. Just 70 minutes from Tokyo, TWO SUNS is your golden ticket to escape the city grind and soak in a full day of beach-luxe living. Whether you come for the music, food, wellness, or sheer atmosphere—this is summer at its finest. 【TWO SUNS 2025】 Date and Time ・July 21st ・August 23rd 12:00〜20:00（BPC 13:00〜20:00／Motona Beach Club 12:00〜18:00） Tickets ・ Early Bird 15,000 yen ／ Door20,000yen ・68,970yen~ Visit the official website to learn more about the program and how to buy tickets. Why Southern Chiba Has Become the Perfect Getaway From Tokyo
Yemen Online
3 days ago
- Business
- Yemen Online
Pakistan, UAE agree to strengthen cooperation during Bilateral Political Consultations
Pakistan and the United Arab Emirates (UAE) on Wednesday agreed to strengthen cooperation in multiple sectors as the two sides took part in the second round of Bilateral Political Consultations (BPC) in Abu Dhabi, Pakistan's foreign ministry said. Pakistan and the UAE held their inaugural BPC session in 2020. The BPC is another forum for strengthening cooperation between the two countries that enjoy cordial ties rooted in shared faith, culture, economic, trade and investment ties. In the second round of the consultations, Pakistan's delegation was led by Shehryar Akbar Khan, the additional foreign secretary (Middle East), while the UAE was led by Reem Ketait, the deputy assistant minister for political affairs. 'During the consultations, both sides reviewed the entire spectrum of bilateral relations and reaffirmed their resolve to further strengthen cooperation across multiple sectors,' Pakistan's foreign ministry said. 'The two sides discussed regional and global developments of mutual interest and reiterated their commitment to enhanced coordination and dialogue at multilateral forums.' Khan stressed further deepening fraternal ties between Pakistan and the UAE while both sides appreciated the positive trajectory of bilateral ties. Pakistan and the UAE also expressed satisfaction at the progress made under existing institutional mechanisms, including the Joint Ministerial Commission (JMC) and regular leadership-level exchanges, the statement said. 'The Bilateral Political Consultations concluded with both sides agreeing to maintain the momentum of high-level exchanges and institutional engagements, and to convene the next round of consultations in Islamabad on mutually agreed dates,' the foreign ministry said. The UAE is Pakistan's third-largest trading partner after China and the United States. More than 1.5 million Pakistanis live and work in the UAE, sending back over $5 billion in remittances annually. Bilateral trade reached approximately $10.9 billion in fiscal year 2023–24, including $2.08 billion in exports and $6.33 billion in imports, according to official Pakistani data.
Express Tribune
3 days ago
- Business
- Express Tribune
Pakistan, UAE sign MoU on visa exemption
The 12th session of the Pakistan-UAE Joint Ministerial Commission (JMC), reviewing the full scope of bilateral relations, agreed on concrete measures to strengthen bilateral cooperation in trade, banking, investment and other sectors. Held in Abu Dhabi on Tuesday, the meeting was co-chaired by Deputy Prime Minister and Minister of Foreign Affairs Senator Mohammad Ishaq Dar, and Deputy Prime Minister and Minister of Foreign Affairs of the UAE Sheikh Abdullah bin Zayed Al Nahyan. Prior to the formal proceedings, a working group meeting of the JMC was held under the leadership of Special Assistant to the Prime Minister Tariq Bajwa and UAE's Minister of State Ahmed Ali Al Sayegh. The Joint Ministerial Commission agreed on concrete measures to strengthen cooperation in culture, aviation, railways, energy, food security, climate change, defence, healthcare, manpower, higher education and information technology. Both sides emphasized enhancing institutional mechanisms and promoting inter-ministerial coordination. Held in an atmosphere of mutual understanding and brotherhood, the session included exchanges on regional and global developments. Both sides reaffirmed their commitment to peace and stability in the region. A protocol, outlining procedural frameworks for follow-up actions, coordination through sectoral working groups and facilitation for reciprocal visits, was also signed. In addition to the protocol of the session, Memoranda of Understanding on "Mutual Exemption of Entry Visa Requirements" and "Establishment of a Joint Task Force to Promote Investments" as well as an Agreement on "Artificial Intelligence and Digital Economy" were signed. Both parties expressed satisfaction with the outcomes and agreed to hold the 13th Session of the JMC in Pakistan on mutually agreed dates. The successful convening of the JMC session underscores the deep-rooted and multifaceted relationship between Pakistan and the UAE and their shared vision for a dynamic and progressive partnership. BPC The second round of bilateral political consultations (BPC) between Pakistan and the United Arab Emirates (UAE) held in Abu Dhabi on Wednesday reviewed entire spectrum of bilateral relations and reaffirmed their resolve to further strengthen cooperation across multiple sectors. The two sides discussed regional and global developments of mutual interest and reiterated their commitment to enhanced coordination and dialogue at multilateral forums. Pakistan delegation was led by Shehryar Akbar Khan, Additional Foreign Secretary (Middle East), Ministry of Foreign Affairs, while the UAE side was headed by Reem Ketait, Deputy Assistant Minister for Political Affairs, Foreign Office Spokesperson said in a press release. The additional foreign secretary underscored the importance of further deepening the strong fraternal ties between Pakistan and the UAE, built on shared values, mutual respect, and common interests. Both sides appreciated the positive trajectory of bilateral relations and expressed satisfaction on the progress made under existing institutional mechanisms, including the Joint Ministerial Commission (JMC) and regular leadership-level exchanges.
