Dot And Key Is Driving Nykaa's Beauty Growth — Here's Why Macquarie Thinks That's A Risk

Despite the earnings' upgrades, Macquarie reiterated its Underperform rating on Nykaa but hiked the target price of Rs 210, implying potential downside from current levels.

Mar 6, 2026 - 10:30
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Dot And Key Is Driving Nykaa's Beauty Growth — Here's Why Macquarie Thinks That's A Risk
Despite the earnings' upgrades, Macquarie reiterated its Underperform rating on Nykaa but hiked the target price of Rs 210, implying potential downside from current levels.

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