The brokerage continues to view Nykaa as one of the better-positioned consumer internet platforms in India, supported by leadership in premium Beauty, improving Fashion economics, and the growing contribution of owned brands.
Motilal Oswal has maintained a 'Neutral' rating on Nykaa, citing ongoing concerns about its valuations. Despite this, the brokerage acknowledges Nykaa's strong position as a leading consumer internet platform in India, bolstered by its dominance in premium beauty, improved…
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