From mint · Vaamanaa Sethi · · 50s
Nykaa Shares Get Buy Rating
Anand Rathi assigns buy rating to Nykaa with ₹400 target.
In brief
Anand Rathi assigns buy rating to Nykaa with ₹400 target. Anand Rathi initiates coverage on Nykaa with buy rating and ₹400 target price. Originally reported by mint.
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.
The one thing
Anand Rathi initiates coverage on Nykaa with buy rating and ₹400 target price.
