From a year-on-year rise of 19%, should you buy, hold or sell this new era mid-cap stock?
Nykaa’s shares fell in trading on Monday (June 2, 2025) at the company’s quarterly exhibition. In the last count around 13:33 pm, the company’s shares cut by more than 4% on BSE at Rs 194.6.
The stock at the low of the day was dragged to Rs 193.55, losing nearly 5% from its previous closing price.
NYKAA Q4FY25 results
The new era company released most of its results in the March quarter, with profits slightly below estimates. Profits rose 2.9 times to Rs 20 crore during the period, compared with Rs 7 crore in the same period last year.
The company’s revenue also climbed 23.6% to Rs 206.2 crore, while Rs 166.6 crore. Zee Business Research estimates the topline for the quarter will reach Rs 20.76 crore.
In addition, the company reported a 43% increase in EBITDA, with a growth rate of Rs 933 crore in the same quarter in the same year to March quarter at Rs 1332 crore.
The company’s total commodity value (GMV) grew by 27%, while beauty and fashion GMV grew by 31% and 18%, respectively.
Both BPC and fashion GMV growth exceeded industry expectations of 25%/12%, respectively.
NYKAA Post’s fourth quarter earnings brokerage
HSBC double downgrades Nykaa
Global broker HSBC (HSBC) has “hold” the stock from an earlier “buy” call. The target price of the stock has been reduced from Rs 250 to Rs 200.
It added that the continued growth trend of beauty is in Q4FY25 (+31% year-on-year GMV), while the growth trend of fashion (+18% GMV growth rate + 8% in Q3). Again, the results did not clearly indicate the promise of an early breakup, even in the fashion business.
Jefferies reiterates buying on Nykaa
The brokerage firm aims to be Rs 240 per share.
Nomura has always maintained a “neutral” view
The brokerage firm maintained a “neutral” view of the stock, with the goal increasing from an early 190 rupees to Rs 216. Online 4Q BPC continues to offer broad growth based on broad growth, while fashion continues to be weaker with revenue growth of 11%, although EBITDA loss in A&P spending increases -10% nsvect and verned and verneved and 140bps y It&pers nsved and and and and 140bps y It&pers nsved and and and and 140bps y It&pers nsved and and and and 140bps and and 140bps and and 140bps and 140bps and and 140bps and 140bps and 140bps and 140bps and 140bps and 140bps and 140bps and 140bps and 140bps and 140bps.
Macquarie on Nykaa
The brokerage firm of the stock has underperformed with a target of Rs 145.
Citi on Nykaa
The U.S.-based brokerage firm made a “sell” call with its target at a price of Rs 160 per share. The broker pointed out that the company has filed for online 4Q. BPC continues to provide broad growth, while fashion remains weak, with revenue growth of 11% despite A&P spending re-raises revenue.
