Nykaa positioned for festive cheer; 31% upside likely, says this broker

September 9, 2022

Nykaa Fashion is only gaining market share slowly, it said, adding that Nykaa BPC will continue dominating the competitive landscape and display operating leverage. The brokerage has factored in a slightly lower than expected growth/margins in Fashion while it feels that Superstore business will also require investments over the near to medium term.

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