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Broker reiterates Buy on Nykaa, raises target price 19% to ₹475
Broker reiterates Buy on Nykaa and raises its target price to ₹475, citing premiumisation, resilient online beauty and personal care leadership, high-AOV unit economics, Nykaa Now scaling potential, margin levers and projected 25% BPC GMV CAGR through FY30E.
Newer report , , CNBC-TV18 : Nykaa and L’Oréal BOLD to back high-growth Indian beauty founders
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Reported figures
From the report. Source details below
| Current market price: | ₹332.80 |
|---|---|
| Online BPC market share: | 27% in FY27 |
| FCF/EBITDA conversion: | 59% in FY26 |
| Target price raised from ₹400 to | ₹475 |
Also in the report
- Revenue/PAT estimates above consensus for FY29E
- ROE projected at 37% by FY30E
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