Nykaa may grow at 20% CAGR till FY27: Jefferies

Beauty and fashion retail brand Nykaa is projected to grow at a compound annual growth rate (CAGR) of about 20% between FY24 and FY27, as forecasted by brokerage firm Jefferies. In FY24, Nykaa’s BPC segment was up 25% in GMV terms to Rs 8,340 crore, while the fashion segment grew 27% to Rs 3,269 crore.
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