Nykaa shares in focus after Q2 profit skyrockets 243% YoY; Nuvama ups target price

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Nykaa's parent company, FSN E-Commerce Ventures, saw a remarkable 243% surge in net profit for Q2FY26, reaching Rs 34 crore. Revenue climbed 25% to Rs 2,346 crore, with gross margins hitting a 12-quarter high. EBITDA also saw a significant 53% jump, marking a post-IPO record. Analysts remain optimistic, maintaining 'Buy' ratings.