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Why Nykaa shares missed a potential re-rating; stock price target & more

Nykaa reported a 106 per cent year-on-year (YoY) surge in net profit at Rs 17.50 crore on 22 per cent YoY rise in sales at Rs 1,788.80 crore for the December quarter.

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Nykaa Q3 results: Profit jumps 106% YoY to Rs 17.50 crore; GMV up 29%

Nykaa said it rolled out the ESOP grants for critical and top talent across the organisation levels in the December quarter, which is now reflecting in employee expenses. ....

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