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Nykaa: Focus on growth to limit margin improvement; valuations expensive

Bharat Gianani   •

While margins are likely to improve with higher scale, the management has indicated it would reinvest the same to attract new customers and sustain growth. Margins in the next fiscal are likely to remain near the COVID levels

Nykaa is scaling up the fashion business, with new partnerships and broadening of product offerings

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More