Brokerages split on Nykaa: Jefferies Buy at Rs 350, Macquarie Underperform at Rs 210
Mixed Street views across India consumer names. Jefferies sees Nykaa compounding 4-5x Ebitda FY26-30E with Rs 350 TP; Macquarie counters with Underperform at Rs 210. Buys flagged on Havells (Rs 1,500), Jubilant Food (Rs 650, Domino's LFL 5-7%), Varun Beverages (Rs 600, Asahi tie-up), LG India (Rs 1,800). Radico gains from state liquor reforms.
Brokerages issue mixed views on Indian consumer/retail names: Buy on Havells, Jubilant Food, Varun Beverages (Asahi tie-up), Nykaa (Jefferies) and LG India; Macquarie underperform on Nykaa; Radico Khaitan benefits from state liquor reforms; AC price hikes flagged.