Nykaa hits 52-week high at open, then retreats as profit-taking kicks in
The reversal comes despite what was broadly a strong set of Q2FY27 numbers. Nykaa reported revenue of ₹3,006 crore, up 28 per cent year-on-year
The beauty and fashion retailer Nykaa hit a 52-week high of ₹363.40 at the opening bell on Thursday, driven by strong quarterly results released the previous evening. However, profit-taking soon set in, causing the stock to retreat to ₹347 by mid-morning on the National Stock Exchange, a 2.39% decline or ₹8.50. By 11:33 AM, 59% of the traded shares were sold, totaling 1.66 crore shares worth ₹581.52 crore, indicating active profit-booking.
Despite the downward correction, the results were broadly positive with revenue up 28% YoY to ₹3,006 crore and EBITDA increasing 65% to ₹263 crore with margins expanding 196 basis points to 8.7%. Nykaa's Beauty segment reached a 10% EBITDA margin for the first time, while Fashion became EBITDA-positive for the third consecutive quarter.
Analysts largely viewed the stock positively, but opinions on valuation differed, with targets ranging from ₹365 to ₹475. The stock's P/E ratio stands at 311 on a trailing basis, significantly higher than sector peers, and its 52-week low of ₹232 was reached on January 27, 2026.
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