Nykaa a compelling buy at sub Rs 1,000; don’t see big fall in beauty business market share: Karan Taurani

“Nykaa is a compelling buy at these kinds of valuations because they are now inching closer to the traditional companies with a good potential for strong revenue growth and also a potential margin improvement because the online BPC business also has a lot of margin levers. The EBITDA margins for this business could breach mid-teens in the next two to three years.”