Nykaa Shares Soar 6% to 52-Week High Post Q3 Results, Brokerages Bullish

• Nykaa shares surged 6.2% to a one-year high of Rs 274.45 after strong Q3 performance.
• Nomura upgraded Nykaa to 'buy' with a target price of Rs 305, expecting over 25% EBITDA CAGR.
• JM Financial maintained 'buy' rating with a target of Rs 325, citing margin expansion and industry-leading growth.
• Nykaa reported a 157% YoY increase in net profit to Rs 68 crore and 27% revenue growth to Rs 2,873 crore in Q3FY26.
• Consolidated GMV hit a record Rs 5,795 crore, up 28% YoY, driven by strong beauty segment demand.