Katrina Kaif’s Kay Beauty hits ₹350 cr valuation, completing one year in UK's retail market with luxury chain Space NK
FSN E-commerce set out an expansion.
· LiveMint Companies
Katrina Kaif’s Kay Beauty has crossed ₹350 crore in gross merchandise value as it expands internationally through British luxury beauty retailer Space NK. The brand, launched with Nykaa in 2019, is growing its presence beyond India.
The analysis
FSN E-commerce reported ₹350 cr and ₹350 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.8% on the day at ₹319.30, and has returned -1.4% over three months. It sits 9% below its 52-week high. The consumer & retail sector has moved -8.9% over the same period, so FSN E-commerce is running 7.5 points ahead of its peers.
For FSN E-commerce, the question is how much of this is already reflected in the price and how much re-rates the consumer & retail peer set alongside it.
Market context
- The company directly in focus is NYKAA.
- Sector exposure: Consumer & Retail.
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