Nomura maintains a bullish stance on Nykaa (FSN E-Commerce), anticipating robust revenue growth in FY26 and high-teen BPC expansion. The company's projected late-30s fashion growth, 7.6% EBITDA margin, and high EV/Sales valuation make it an attractive investment opportunity.
Experts have suggested six stocks with potential for short-term gains: Axis Bank, Nykaa, Coal India, Wipro, Trent, and CCL Products. The predicted price ranges are: Axis Bank ($17.83-$18.29), Nykaa ($36.05-$37.04), Coal India ($6.57), Wipro ($21.62), Trent ($5,336.47), and CCL Products ($11.63-$12.08).
Macquarie maintains a 'Underperform' rating for FSN E-Commerce with a target price of ₹210, due to steady growth in beauty and fashion sectors. The company anticipates revenue and GMV growth in the late twenties, stable beauty earnings margins, and a decrease in fashion losses on a sequential basis.
Nykaa experienced a technical hitch during the release of their Q4 FY2026 revenue report, causing an HTTP error. This issue might delay the dissemination of their financial data on the BSE platform.
Nykaa, the e-commerce venture, is seeking expansion possibilities, with potential collaborations in the skincare sector under consideration. The firm clarifies that there are no ongoing legal or regulatory hurdles, promising to share further details when necessary.
Nykaa Fashion, a division of FSN E-Commerce, continues robust growth as GMV and NSV figures increase steadily. The forecast for Q4 FY2026 indicates an acceleration, with projected GMV in the high 20s and NSV reaching early 40s.
Nykaa shares surged 4%, buoyed by a projected double-digit revenue growth for Q4 and an expansion of its store network to 313 outlets by March 2026, with the addition of 26 new locations.
Nykaa shares saw a 4% increase after the Q4 update and potential acquisition of Deepika Padukone's skincare brand 82E, suggesting strong momentum according to analysts. The stock is above its 200-day moving average (DMA) and is predicted to reach between ₹280-₹300 in the medium term. However, analysts advise taking advantage of dips for accumulation.
In Q4 of the fiscal year 2026, Nykaa's parent company, FSN E-Commerce Ventures, experienced a significant surge in gross merchandise volume (GMV), growing by more than 20% compared to the previous year. The strong growth also led to an impressive net revenue increase in the same range, marking the highest growth rate in over a decade and signaling expanded retail expansion for the company.