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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

07:30 IST · 10 moves · what each means · free

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

The source

Source Read the source at The Hindu BusinessLine

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