Pending — not yet graded
“Maintained 'Buy' call on Nykaa, increasing its target price to ₹414 from ₹351, implying 21% upside. Nuvama noted Nykaa's strong performance, with steady BPC business and a standout Fashion business driven by customer growth. Profitability improved in BPC, and the fashion business achieved breakeven, leading to raised FY27 and FY28 revenue and EBITDA estimates.”
Nuvama Analysis’s track record (trackable calls only): 6 graded calls · 95% CI 30–90%
NykaaBullishCalled 05 Aug 2026
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