Nykaa Q1 FY27 profit jumps 243%; Jefferies raises target while Macquarie stays bearish
Nykaa reported Q1 FY27 revenue growth of 29% to Rs 2,782 crore and EBITDA growth of 67.8% to Rs 236 crore, lifting margin 200 bps to 8.5%. Fashion grew over 50% and reached EBITDA break-even. Jefferies lifted its target to Rs 400, while Macquarie retained an underperform view and Rs 220 target.
Nykaa reported strong Q1 FY27 growth, with profit nearly tripling, revenue up 29% and EBITDA margin expanding to 8.5%. Jefferies raised its target to Rs 400, while Macquarie retained an underperform rating amid concerns over beauty-brand disclosure and Dot & Key scaling.
Why this matters
The results extend Nykaa's recent Q1 FY27 pattern: prior signals flagged profit more than tripling, 29% revenue growth to Rs 2,782 crore and beauty-led growth. This update adds margin expansion, fashion break-even and divergent broker targets.
Retail-company signals are accelerating, up 205757% QoQ.