Nykaa Q2 Profit Surges 200%, But Stock Falls Amid Valuation Concerns

Business Standard Markets · stocks

Nykaa's consolidated net profit soared over 200% to approximately ₹101 crore in the second quarter, up from ₹33 crore a year ago. Revenue from operations also grew by about 28% to ₹3,006 crore. Despite the strong profit jump and improved EBITDA margins, the company's stock fell by over 2% to ₹347.60. Brokerages like Motilal Oswal maintained a 'Neutral' rating due to valuation concerns, while Jefferies raised its target price, citing strong growth expectations.