# Nykaa Shares Get Buy Rating

> Anand Rathi assigns buy rating to Nykaa with ₹400 target.
- Title: Nykaa Shares Get Buy Rating · mint | Shortify
- Summary: Anand Rathi assigns buy rating to Nykaa with ₹400 target. Anand Rathi initiates coverage on Nykaa with buy rating and ₹400 target price.
- Keywords: nykaa, anand rathi, buy rating, target price, e-commerce, stock market, news, india, Shares, Get, Buy, Rating
- Source: mint — https://livemint.com/market/stock-market-news/nykaa-shares-anand-rathi-initiates-coverage-on-e-commerce-stock-with-buy-rating-check-target-price-rating-11792473585712.html
- Author: Vaamanaa Sethi
- Published: 2026-10-20T06:00:30+00:00
- Read time: 1 min
- Topics: nykaa, anand rathi, buy rating, target price, e-commerce, stock market, news, india
## Anand Rathi Initiates Coverage
Anand Rathi has initiated coverage on Nykaa with a buy rating and target price of ₹400.

> We initiate coverage on Nykaa with BUY rating and a TP of Rs400, valuing the stock at 50xFY29e EBITDA
## Nykaa Revenue Turnaround
Nykaa achieved record $1 billion revenue in FY26 after two years of post-listing volatility.
## Turnaround Strategy
Nykaa's dual-engine approach improves profitability through premiumisation in beauty and personal care while strengthening fashion economics.
## Stock Performance
Nykaa shares have surged 26.68% year-to-date with 133.87% growth over three years.
## Market Position
Nykaa is well-positioned to benefit from India's shift to online retail and organised market channels.
## Key takeaway

Anand Rathi initiates coverage on Nykaa with buy rating and ₹400 target price.