Business
E.l.f. Beauty stock plunges 29% on weak guidance, tariff impact
Hailey Bieber’s cosmetics line Rhode is expected to increase E.l.f. Beauty‘s annual sales by $200 million this fiscal year, but its new parent company’s full-year guidance still fell below expectations, leading its stock to plunge 29% Wednesday.
E.l.f., which declined to release full-year guidance last quarter, is expecting full-year revenue to be between $1.55 billion and $1.57 billion, implying 18% to 20% sales growth. That’s far below the $1.65 billion analysts were expecting, according to LSEG.
In an interview with CNBC, CEO Tarang Amin said Rhode, which the company acquired earlier this year in a blockbuster $1 billion deal, is expected to increase its annual sales by $200 million this fiscal year and by $300 million on an annual run rate basis.
Rhode’s expected contribution to sales represents about 13% of its revenue forecast, highlighting just how important the deal is to E.l.f’s future as its outsized growth continues to moderate. It shows that E.l.f. needs Rhode to help it grow in the quarters ahead and without the acquisition, its potential for higher revenue could have been far slimmer.
On the profitability side, E.l.f. expects full-year adjusted earnings per share to be between $2.80 and $2.85, far below expectations of $3.58, according to LSEG.
In addition to guidance, E.l.f. missed revenue estimates but beat on earnings in its fiscal second quarter results.
Here’s how the beauty company did compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:
- Earnings per share: 68 cents adjusted vs. 57 cents expected
- Revenue: $344 million vs. $366 million expected
The company’s reported net income for the three-month period that ended Sept. 30 was $3 million, or 5 cents per share, compared with $19 million, or 33 cents per share, a year earlier. Excluding one-time items related to stock-based compensation and other non-recurring charges, E.l.f. saw earnings of 68 cents per share.
Sales rose to $344 million, up about 14% from $301 million a year earlier.
Amin blamed the misses on revenue and guidance on the fact the company didn’t release guidance last quarter, which he said can impact consensus estimates.
“We actually believe both the sales that we delivered, as well as the guidance on net sales, are quite strong,” he said.
E.l.f., which primarily sources its makeup from China, has seen its profitability crushed by President Donald Trump‘s new tariffs. During the quarter, its net income fell by a staggering 84% while the company said its gross margin fell by 1.65 percentage points, primarily driven by higher tariff costs.
Amin said the second quarter is expected to see the greatest hit from tariffs and the impact is expected to moderate sequentially from there.
“In response to tariffs, we took our prices up $1, that was effective Aug. 1 so you’re seeing tariff impact without pricing in this quarter,” Amin said. “In the second half of the year, gross margin will actually improve sequentially.
In the absence of major product launches from its namesake brand, which Amin said are currently in the works, Rhode is E.l.f.’s primary growth driver and for now, the business is growing by about 40% year over year, he said.
It launched in Sephora stores nationwide in September and was the biggest brand launch the retailer has seen in North America in its history, Amin said.
“It was two and a half times bigger than the number two, [Sephora’s] second biggest launch ever, so it’s performed extremely well,” Amin said. “We continue to see incredible potential for growth, not only in North America where we just launched and in the UK where we’re about to launch, but also internationally. … We definitely see global potential for that brand and see it being much bigger than it is today.”
Business
US deal to play pivotal role in India achieving USD 100 billion textiles exports in 2030
New Delhi: The India-US trade agreement is expected to play a pivotal role in India achieving its intended target of $100 billion textiles exports in 2030, the government said on Saturday.
The deal is expected to provide the requisite momentum, with the US to contribute to more than one-fifth of this target, according to Ministry of Textiles.
The ministry welcomed the landmark agreement between India and the US as a major catalyst enhancing the textile trade relations between the nations.
The textile industry expressed the hope that this is a major economic game changer for the sector.
For textiles exports, the deal opens up a USD 118 billion US global imports market of textiles, apparels and made ups. With the US being India’s largest export destination of around USD 10.5 billion exports, comprising around 70 per cent apparel and 15 per cent made ups, this is a major opportunity.
The 18 per cent reciprocal tariffs on all the textiles products including apparel and made-ups will not only remove the disadvantage that Indian exporters had, but would place them in a better position than most competitors like Bangladesh (20 per cent), China (30 per cent), Pakistan (19 per cent) and Vietnam (20 per cent) who have higher reciprocal tariffs.
“This would alter the market dynamics as large buyers would surely relook at their sourcing in the light of this agreement,” said the ministry.
The agreement would also enable the industry to be cost competitive and diversify their risks by sourcing intermediates for the textiles sector from the US.
This would facilitate manufacturing of value-added textiles in the country and diversify our production and exports. The deal would generate additional employment and encourage investments by US entities, said the ministry.
The US trade agreement framework represents a historic milestone for India’s textiles and apparel sector.
Business
‘Child’s future can’t be monthly burden’: Noida doctor flags impact of soaring school fees on families
New Delhi: For many urban families in India, a child’s education has always been seen as the key to a brighter future. But today, that dream is coming with a growing price tag. The steady and often steep rise in school fees is no longer just a budgeting issue but it’s also becoming a major source of anxiety for parents. From cutting back on expenses to postponing savings goals, households are increasingly adjusting their lifestyles and financial plans just to keep up with the cost of schooling.
School fees don’t just test a parent’s income.
They test their silence.Every year, the number rises.
And parents quietly adjust life around it.
Fewer vacations. Delayed dreams. Extra shifts.
No complaints. Just quiet sacrifice.We are told it’s for “quality education.”
But…
— Dr SHRADDHEY KATIYAR (@Wegiveyouhealt1) February 3, 2026
When School Fees Begin to Weigh on Families
For many parents, rising school fees are not just figures on a receipt but they carry an emotional cost too. Dr Shraddhey Katiyar, a Noida-based doctor, recently shared a heartfelt post on X, drawing attention to the silent stress families experience as education expenses continue to climb. His words struck a chord with many parents who see their own struggles reflected in the issue.
“School fees don’t just test a parent’s income. They test their patience, their silence, and their endurance,” Katiyar wrote. He noted that many families adjust their lives silently by skipping holidays, postponing personal goals, or taking on extra work, simply to ensure their children’s education continues smoothly.
According to him, most parents do not openly complain about rising school fees. Instead, they quietly make adjustments in their daily lives. Family holidays are put on hold, personal ambitions take a back seat, and longer working hours become the norm, all to manage the growing expenses.
“Every year, the number rises. And parents quietly adjust life around it. Fewer vacations. Delayed dreams. Extra shifts. No complaints. Just quiet sacrifice,” he added.
Katiyar also questioned the reasons often given by schools for repeated fee hikes. He pointed out that even though parents are told the higher fees will improve the quality of education, classrooms continue to remain crowded and teachers’ salaries do not always reflect those increases. “Education should not feel like a monthly threat,” he wrote, stressing that learning must remain a basic right and not turn into a financial strain.
He further warned that when education starts feeling like a luxury instead of a necessity, many deserving children risk being left behind, and families are left emotionally drained. “Education should lift families up, not leave them exhausted. Children often realise later that their parents bore the cost quietly,” Katiyar noted.
Parents Share Their Concerns
Many parents say the financial pressure begins much earlier than expected, sometimes as early as playschool. Ishani Bhatt, a mother of a 2.5 year old living in Greater Noida West, says education costs start piling up right from toddlerhood.
“My child goes to a reputed playschool, but the expenses are steep. For 3-4 hours, you will shell out Rs 6-7k per month, not to take into account the one-time admission fee, which was nearly Rs40,000. Initially, we were told that this would cover all extra curriculum activity expenses, but every other day, there’s some expense or the other, albeit small ones,” she says.
Bhatt explains that apart from direct fees, there are several indirect expenses too. “Even if they are not direct expenses, there are several indirect expenses. For instance, schools will have different ‘days’ – say tomorrow is ‘purple colour day’. Schools ask parents to send wards in clothes of that shade. Now if they don’t have that colour, parents often end up buying new clothes. While our school doesn’t make it mandatory, yet as a parent, you might feel your child should not be the one feeling left out. These create indirect pressure. Then again recently, school charged around Rs 500 for a photobook of class picture. There are several such instances. So we are left wondering what were the extracurricular fees that we paid at the beginning of the season for?”
She adds that education should remain a right and not feel like a privilege that only some families can afford, and that this principle should apply right from playgroup and nursery.
Business
Ola, Uber, Rapido Strike Today: Will You Get A Cab Or Auto On February 7? What Commuters Should Know
Last Updated:
Drivers gather at Jantar Mantar where multiple unions flagged concerns over fare policies, alleged regulatory gaps and the use of private vehicles for commercial taxi services.

Ola, Uber, Rapido Strike Today.
Ola, Uber, Rapido Strike Today: Passengers booking taxis or autorickshaws through app-based platforms may have noticed disruptions and uncertainty on Saturday as drivers across several states held protests and strikes, demanding tighter regulation of the sector and a crackdown on bike taxi services.
Drivers gathered at Jantar Mantar, New Delhi, where multiple unions flagged concerns over fare policies, alleged regulatory gaps and the use of private vehicles for commercial taxi services. The protests brought together both app-based and conventional cab drivers, highlighting growing discontent over pricing policies, the use of private vehicles for commercial transport, and what unions describe as uneven enforcement of rules.
What Are Drivers Demanding?
Driver unions are seeking structural changes rather than temporary relief. Their key demands include the creation of a Rashtriya Chalak Ayog, a national drivers’ welfare body, an all-India ban on private bike taxis, and stricter action against the use of unlicensed private vehicles as taxis.
A major concern is surge pricing on ride-hailing platforms. Drivers allege that while fares rise sharply during peak hours, the additional amount largely goes to aggregators, leaving drivers with little benefit even as commuters assume they are earning more.
Why Bike Taxis Are At The Centre Of The Dispute
Licensed taxi and autorickshaw drivers say bike taxis, often operated using private two-wheelers, are cutting into their earnings while operating in a regulatory grey zone. According to unions, enforcement against such services varies widely across states, creating uneven competition.
Drivers have also raised safety and insurance concerns, alleging that accident victims involving illegal bike taxis often struggle to get insurance compensation due to unclear liability and lack of permits.
Panic Buttons
One of the lesser-known issues affecting drivers is the mandatory installation of panic buttons in commercial vehicles. While the Centre has approved around 140 device providers, unions claim state governments have declared a large number of these companies unauthorised.
As a result, drivers say they are being forced to remove existing devices and spend up to Rs 12,000 again on new installations, turning a safety requirement into a repeated financial burden.
Will Cabs And Autos Be Available?
Despite union claims that vehicles were kept off the roads, cabs and autorickshaws continued to be available on platforms such as Uber, Ola and Rapido in many cities, though availability and waiting times varied by location.
For commuters, this means service disruptions are likely to be uneven rather than total, depending on city-wise participation and enforcement.
Why This Issue Keeps Returning
Drivers say that without a uniform national framework covering fares, commissions, licensing and welfare, disputes will continue to surface.
Unions also point to the rapid increase in autorickshaw permits under open permit policies, saying the growing supply of vehicles has reduced per-driver income without a corresponding rise in demand.
February 07, 2026, 14:23 IST
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