India's Nykaa gains on quarterly profit jump

Fsn E-Commerce Ventures

13/08/2025 04:55

** Nykaa's FSNE.NS shares rise 4% to 212.49 rupees

** Beauty products retailer's parent posted Q1 profit that more than doubled Y/Y, rev up 24% Y/Y

** Co says growth driven by reaching more customers across online and offline stores and offering higher-end products

** Jefferies ("buy", PT: 250 rupees) says Nykaa's own brands saw growth in annualised gross merchandise value run-rate, with Nykaa Cosmetics and Kay Beauty "scaling up well"

** Ambit Insights ("buy", PT: 243 rupees) says strong execution in BPC segment and margin improvement on lower losses in Fashion/eB2B should fuel FY25-28E revenue/EBITDA CAGR of 24%/45%

** 22 analysts covering the stock have a "hold" rating on average; median PT is 223.49 rupees - data compiled by LSEG

** Stock extends YTD gains to ~30%

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))