Nykaa Shares Reach 52-Week High Following Q4 Earnings Release

Nykaa Share Price Soars to 52-Week High After Q4 Results

Nykaa's share price jumped over 4% to a 52-week high in early trade on Friday, following the company's strong Q4 results. FSN E-Commerce Ventures, the parent company of beauty retail platform Nykaa, reported a consolidated net profit of ₹78 crore in the fiscal fourth quarter ended March 2026, marking a sharp growth of 286% from ₹20 crore in the year-ago period.

This significant increase in net profit was driven by strong performance in the beauty segment, which posted a 27.2% revenue growth at ₹2,409.94 crore. Additionally, the company's revenue in Q4FY26 increased 28.4% to ₹2,648.17 crore from ₹2,061.76 crore, year-on-year (YoY). The consolidated GMV (gross merchandise value) grew 28% to ₹5,241 crore during the quarter under review.

Nykaa's fashion vertical also saw a significant jump in sales, with a 40% growth to ₹225 crore. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) during the quarter grew 67% YoY to ₹223 crore, while the margin jumped to the highest ever at 8.4% from 6.5% YoY.

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Analysts praised Nykaa's Q4 results, citing a sustained execution story with robust growth momentum across both BPC and Fashion segments. JM Financial raised its EBITDA estimates for Nykaa by 3-4% over FY27-28E, leading to a 30-40 bps increase in EBITDA margin estimates. The brokerage firm also expects consolidated EBITDA CAGR of ~50% over FY26-29, driven by BPC margin expanding to over 13% and fashion margins reaching 7%.

JM Financial reiterated its 'Buy' call and raised Nykaa share price target to ₹335 for March 2027 from ₹325 earlier, implying ~53x FY28E EBITDA multiple. Nuvama Institutional Equities also maintained its 'Buy' rating on Nykaa shares and raised the target price to ₹321 from ₹310 earlier.

Nykaa's management indicated that growth momentum remains healthy in early FY27, although they remain cautious due to macro concerns such as inflation, currency depreciation, and global factors affecting consumption. At 9:40 AM, Nykaa share price was trading 0.09% higher at ₹274.65 apiece on the BSE.

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