Nykaa Shares Today: Shares of FSN E-Commerce Ventures Ltd, the parent of beauty and fashion retailer Nykaa, rose as much as 4 percent in early trade on Wednesday, August 13, after the company reported a strong set of earnings for the quarter ended June 30 (Q1FY26).

Nykaa Q1 Highlights

The company’s consolidated net profit jumped 79 percent year-on-year to Rs 24 crore, compared to Rs 14 crore in the same quarter last year. Revenue from operations also rose by 23 percent to Rs 2,155 crore, up from Rs 1,746 crore in Q1FY25.

Nykaa’s EBITDA margin increased to 6.5 percent.

In the Beauty and Personal Care area, the contribution margin expanded by 70 basis points to 21 percent, while EBITDA margin stood at 8.4 percent, up half a percent.

In the Fashion segment, although contribution margin fell 280 basis points to 14 percent, EBITDA margin improved significantly to -10.5 percent, a 470 basis point gain, indicating narrowing losses.

At 9:20 AM, Nykaa shares were trading 3.7 percent higher at Rs 212 on the NSE.

Brokerage Reactions on Nykaa

The earnings were largely in line with Street expectations, prompting several brokerages to revise their price targets upward:

Jefferies: Buy; raised target to Rs 250 (from Rs 240)

Nomura: Neutral; target raised to Rs 223 (from Rs 216)

Citi: Sell; target increased to Rs 175 (from Rs 160)

CLSA: Accumulate; revised target to Rs 234 (from Rs 229)

Morgan Stanley: Overweight; maintained target at Rs 225

Brokerages noted continued strength in the BPC segment, healthy market share gains, and the company’s focus on premiumisation and operating efficiencies. Management reiterated its FY26 target of achieving break-even EBITDA in the fashion segment.