Brokerages stack bullish calls on Nykaa, Jubilant, Varun Beverages and Bajaj Finance
Nomura sees Nykaa revenue 2.5-3x by FY30 with mid-teens EBITDA margins (TP Rs 317). Citi backs Jubilant Foodworks on Domino's 5-7% LFL and 200bps margin expansion through FY28 (TP Rs 650). CLSA likes Varun Beverages' Asahi CALPIS RTD dairy push (TP Rs 654). Bajaj Finance eyed for 26% EPS CAGR FY26-FY28 (TP Rs 1080).
Brokerages issue bullish calls: Nomura buys Nykaa (FY30 revenue 2.5-3x, mid-teens EBITDA), Citi buys Jubilant Foodworks on Domino's 5-7% LFL, CLSA backs Varun Beverages' Asahi CALPIS RTD dairy partnership.