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Nykaa Q1 Review - Beauty Fires Again, Fashion Growth Slows As Profitability In Limelight: ICICI Securities

The brokerage maintains Add on the stock and increase its DCF-based target price to Rs 210 (earlier Rs 195) as it rolls over its valuation.

<div class="paragraphs"><p>Nykaa's range of nail polishes on display in a store. (Photo: Usha Kunji/NDTV Profit)</p></div>
Nykaa's range of nail polishes on display in a store. (Photo: Usha Kunji/NDTV Profit)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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