India's Nykaa jumps as quarterly profit triples; tie-ups lift analysts' outlook

Fsn E-Commerce Ventures

10/11/2025 04:52

** Beauty retailer Nykaa's FSNE.NS stock rises 5% to 258 rupees

** Q2 profit more than triples YoY on steady makeup, skincare demand and new global brand tie-ups

** Beauty business revenue rose 25% y/y

** ICICI Securities ("Add", PT: 280 rupees) says Nykaa unlocked better product-market fit for fashion, deepening presence in men’s and children’s sub-categories

** Ambit Capital ("buy", hikes PT to 271 rupees from 264 rupees) likes Nykaa for potential to gain market share in BPC, its growth runway in fashion despite small base, and room for margin expansion

   ** 22 analysts have "hold" rating on average; median PT 234.50 rupees - data compiled by LSEG

   ** YTD, including day's move, stock up nearly 50%

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))