ET NEWS

FSN E-Commerce, which owns Beauty & Personal Care (BPC) brand Nykaa, is expected to report a strong set of numbers in the December ended quarter, led by robust festive demand, sustained momentum in its BPC segment. Brokerage estimates show the company could deliver up to 192% surge in its Q3FY26 net profit falling in the range of Rs 60 crore to Rs 78 crore. The revenue growth is pegged at 26%-28%, estimates revealed, forecasting the topline in the range of Rs 2,859 crore to Rs 2,902 crore.The estimates from ElaraCapital, Nuvama Institutional Equities and JM Financial have been taken into account. The margins could take a hit in the October-December quarter.The company will announce its earnings on Thursday, February 5.Here's what estimates say about these four key parameters:1) PAT-- Elara Capital: Rs 60 crore, up 128% YoY and 88% QoQ-- Nuvama: Rs Rs 64 crore, up 139% YoY and 89% QoQ-- JM Financial: Rs 78 crore, up 192% YoY and 117% QoQ2) Revenues-- Elara Capital: Rs 2,869 crore, up 27% YoY and 22% QoQ-- Nuvama Institutional Equities: Rs 2,902 crore, up 28% YoY and 24% QoQ-- JM Financial: Rs 2,859 crore, up 26% YoY and 22% QoQ3) EBITDA-- Elara Capital: Rs 202 crore, up 43% YoY and 27% QoQ-- Nuvama Institutional Equities: Rs 209 crore, up 48% YoY and 31% QoQ-- JM Financial: Rs 215 crore, up 52% YoY and 35% QoQ4) EBITDA marginNuvama has pegged the Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) at 7.2% in Q3FY26, down 100 bps YoY and down 40 bps QoQ. Meanwhile, JM Financial sees margin expansion of 130 bps YoY, indicating sustained operating leverage.Read more: Tata Motors PV Q3 Preview: JLR hit to weigh on profits; revenue may slip up to 9% despite festive, GST tailwinds(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

The next 20-25 years will be the era of India, which over the next decade or more is going to grow at 8-10 per cent, BlackRock CEO Larry Fink said on Wednesday.Speaking at a fireside chat with billionaire Mukesh Ambani on 'Investing For a New Era', the CEO of the US multinational investment management company said India is the country he would want to invest."In the era for India, our focus is to explain people what it means to be the 'Era of India'. When you think about the growth of India... It's not a quarter, it's not a day or week, it's not a year, it's a long horizon. And you can say maybe this is the era for India and over the next 20-25 years," he said.Also Read| India can become largely energy self-sufficient with tech breakthroughs: Mukesh AmbaniIndia, he said, has less need for the importation of capital."I do believe the combination of importation of capital from foreign investors who believe in the era of India, but the fundamental foundation of any country is having the domestic economy being built on the back of retirement savings," he said.He went on to say that India over the next 10-plus years is going to grow from 8-10 per cent. "That is where I want to invest and encourage Indians to invest in."Praising the Modi government, he said digitised rupee has transformed commerce in the country. "Across the board, I am very worried about other countries, even the United States is falling behind," he added.He said there is a need to get more people to invest in the capital markets, to grow as the country grows."We need to be compelling people to think about the horizon of investing over a long period of time, to grow with great companies of India, to be a part of that and to participate in that," he said.Fink further said he does not believe in the "AI bubble". "The greatest risk is that if we don't invest in AI, China will win."AI is among the most topical conversations because it is the most disruptive, he added.