Jm Financial

JM Financial foresees a 55% surge in Nykaa shares, citing its robust position in India’s BPC sector.

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Nykaa’s stock price is influenced by its extensive range of 3,400+ brand partnerships, as highlighted in JM Financial’s recent report. Among 203 surveyed participants, 142 utilize Nykaa, with 30% of them fulfilling over half of their beauty and personal care (BPC) requirements through the platform.

Within the surveyed population, the 33-37 age group comprises 27%, yet they represent 39% of consumers who spend over Rs 10,000 annually on beauty and personal care (BPC) products, with more than 90% of them shopping online. JM Financial’s report, dated September 4, attributes this heightened BPC expenditure in this age bracket to increased disposable income and early signs of aging.

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