Analyst Lancelot De Cunha said Nykaa stock is expensive at current valuations and advised waiting for a price correction before buying

Mon 5 Oct 2026

Current margin

8 percent

Current earnings multiple

400 times

Trading range low

320 rupees

Trading range high

350 rupees

Heard on business television between 14:41:37 - 14:44:37 IST.

• He said margins have remained around 8% across several quarters despite sales growth, and current valuation of nearly 400x earnings is not justified even with 100% profit growth.
• He suggested a 20-25% drop in price, or stock holding near 320 rupees, would make it an attractive entry point from both fundamental and technical standpoint.
• He said the stock has traded in a range of about 320 to 350 rupees for the last two and a half months and is now near the upper band, making risk-reward unfavorable.
• He remains positive long-term on beauty and fashion sector growth and Nykaa's omni-channel positioning to gain market share from traditional players.

The call above is Lancelot De Cunha's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.