FSN E-Commerce Ventures (Nykaa) hosted its annual investor day recently. The responses were positive from analysts. Although some analysts pared FY25 and FY26 estimates, the bulk continued to issue ‘buy’ calls after the stock rose 2.5 per cent. The management expects the Beauty and Personal Care (BPC) business to grow at a 25 per cent compound annual growth rate (CAGR) during FY24-28.
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