Nykaa CMP /Sales is 17
Whereas, Dmart is 7
Again, apples to oranges comparison cuz Dmart is growing at 25% and Nyka at 70%
Nonetheless, In 2020 it was valued at 10K Cr on funding rounds.
In two years at 67K Cr, seems too much of a rise.
Due to growth in revenues, looks like the stock won’t correct much in price, but will correct in time.
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