BUZZ-India's Nykaa rises as quarterly profit more than doubles

Reuters
Feb 06
BUZZ-India's Nykaa rises as quarterly profit more than doubles

**Shares of Indian fashion-to-beauty retailer Nykaa NYKA.NS up 4% to 268.52 rupees

**Co, formally known as FSN E-Commerce Ventures posted a more than two-fold rise is Q3 consol profit to 633.1 million rupees

**Jefferies ("Buy"; PT: 315 rupees) says co reported an exceptional result at a time when several firms across consumption categories have blamed tough macro, GST rollout and shift in festive season for a weak Q3 performance

**Goldman Sachs ("Neutral"; PT: 240 rupees) says encouraged by co's ability to fend off competition, partly due to its own timely pivot to quick deliveries; forecasts revenue growth at CAGR of 24% from FY26E to FY28E

**Stock rated as "Hold" on average by 23 analysts; median PT at 260 rupees as per data compiled by LSEG

**More than 14.2 million shares change hands vs 30 day avg of 5.6 million shares

**Stock rose 61.9% in 2025 and YTD up 8.1%

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))

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