Brokerages Split on Nykaa: Citi Sees Sell at Rs 240, Morgan Stanley Overweight at Rs 321
Nykaa posts ~30% revenue and ~60% EBITDA growth YoY with fashion nearing 50%, splitting brokerage views. GCPL and Dabur report revenue beats aided by overseas markets, while B&K initiates Buy on luxury hoteliers Leela (TP Rs 600) and Ventive (TP Rs 780) citing a structural upcycle.
Brokerages update views on consumer/retail names: Nykaa sees strong beauty and near-50% fashion growth, GCPL and Dabur report revenue beats aided by overseas, and B&K initiates Buy on luxury hoteliers Leela and Ventive citing structural upcycle.