CLSA
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Nykaa Hits 52-Week High as Q4 Profit Quadruples, FY26 Earnings Jump 182%
FSN E-Commerce Ventures touched ₹285.65 intraday, lifting market cap to ₹78,260 Cr after Q4 net profit surged 4X to ₹78.8 Cr on 28% revenue growth. FY26 profit climbed 182% to ₹203.9 Cr on ₹10,022 Cr revenue. Physical footprint expanded to 313 stores with 76 additions across 20 new cities. Morgan Stanley, HSBC, Citi, CLSA and Jefferies stay largely constructive.
Inc42 · 5/22/2026, 8:15:39 AM
ITC slips 1.15% as cigarette tax overhang clouds FMCG beat; analysts split on FY27 outlook
ITC stock fell to ₹304.50 after GST on cigarettes jumped from 28% to 40% of retail price. FMCG arm impressed with 15% revenue growth and 200bps EBIT margin expansion to 8.3%, while cigarette EBIT beat consensus by 15%. But brokerages model FY27 cigarette volumes down 8% and EBIT down 17%, with target prices spanning ₹290-394.
The Hindu BusinessLine · 5/22/2026, 6:41:08 AM