After a 56% decline in 2022, Nykaa's parent company, FSN E-Commerce Ventures, has seen a modest 18% rebound in 2023. Monthly gains, particularly a substantial rise of 26.16% in November, indicate a potential recovery.
The stock, however, lost 3.6% in December. Analyst opinions are mixed, with some optimistic about Nykaa's future, citing factors like earlier-than-expected profitability and robust festive season support.
Others express caution due to rising competition and increasing debt. Investors face a nuanced landscape, with varied projections influencing Nykaa's trajectory in 2024.