Nykaa Share Price: 36.1% CAGR in 3 Years as This Newer Consumer Brand Takes On Trent, Titan and Kalyan Jewellers
- November 4, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Nykaa Share Price: 36.1% CAGR in 3 Years as This Newer Consumer Brand Takes On Trent, Titan and Kalyan Jewellers
Nykaa previous close Rs 353.90. 3-year CAGR 36.1%. Up 2.5x since 3 Nov 2023. ROE 13.87%. Market cap Rs 1,01,410 crore.
Quick Answer
The Nykaa share price closed at Rs 353.90 on 3 November 2026, a compounded annual return of 36.1% over three years. That compares with Trent at 27.5%, Titan at 11.7% and Kalyan Jewellers India at 18.6%. The company has a market cap of Rs 1,01,410 crore and an ROE of 13.87%.
The Nykaa share price has been one of the stronger consumer stories since late 2023. FSN E-Commerce Ventures, the company behind the beauty and fashion platform Nykaa, listed in 2021 and has since grown into one of the largest listed retailers in the country by market value.
We set the Nykaa stock beside three established consumer names, Trent, Titan and Kalyan Jewellers, and compare three-year CAGR, size and return on equity. Prices are adjusted for corporate actions, so the figures are comparable.
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How Much Has the Nykaa Share Price Returned in 3 Years?
The Nykaa stock closed at Rs 140.35 on 3 November 2023 and at Rs 353.90 on 3 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 2.52 lakh, which is a CAGR of 36.1%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Nykaa can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The Nykaa share price has gained as the company moved from a pure online model to an omnichannel one, adding physical stores that sit alongside its app and website. Consumer spending on beauty and personal care has also held up well.
Nykaa vs Trent, Titan and Kalyan Jewellers India: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 3 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 3 November 2026.
| Company | Close on 3 Nov 2023 | Previous close (3 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Nykaa (FSN E-Commerce Ventures) | Rs 140.35 | Rs 353.90 | 2.5x | 36.1% |
| Trent | Rs 1,464.33 | Rs 3,036.50 | 2.1x | 27.5% |
| Kalyan Jewellers India | Rs 304.65 | Rs 508.20 | 1.7x | 18.6% |
| Titan | Rs 3,274.50 | Rs 4,562.00 | 1.4x | 11.7% |
The Nykaa stock leads the group at 36.1%, followed by Trent at 27.5%, Kalyan Jewellers India at 18.6% and Titan at 11.7%. Three of the four companies have compounded above 18% a year, which says a lot about how strongly consumer discretionary names have performed. Differences in the group come from category: jewellery, apparel and beauty each have their own growth cycle.
Look at the Nykaa share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | ROE | Debt to equity |
|---|---|---|---|
| Titan | Rs 4,04,387 crore | 32.31% | 0.93 |
| Trent | Rs 1,61,676 crore | 24.40% | 0.30 |
| Nykaa (FSN E-Commerce Ventures) | Rs 1,01,410 crore | 13.87% | 0.86 |
| Kalyan Jewellers India | Rs 52,464 crore | 21.41% | 0.97 |
By market cap, Titan is the largest of the group at Rs 4,04,387 crore, while the Nykaa stock stands at Rs 1,01,410 crore, about 25% of that size.
Return on equity is 13.87% for the Nykaa stock, which ranks fourth among the four, and debt to equity stands at 0.86. Trailing EPS is Rs 0.90. Valuation multiples for fast-growing consumer platforms can look stretched on trailing earnings because profits are only starting to scale, so market cap, ROE and debt give a cleaner comparison here than a trailing P/E.
What Is Driving the Nykaa Stock?
FSN E-Commerce Ventures runs Nykaa, India’s leading beauty destination, along with Nykaa Fashion and Nykaa Man. The company sells its own brands as well as third-party and international ones, and it operates a growing network of physical stores that complement the app.
Beauty and personal care is a category where repeat purchase is high. A customer who buys lipstick or skincare once typically returns, and an engaged customer base lowers the cost of selling every additional product. Nykaa has also expanded into fashion and into private brands, which can carry better margins.
Investors following the Nykaa share price usually watch gross merchandise value growth, the share of private brands in sales, store expansion, and the trend in profitability as scale builds.
How the Established Players Stack Up
Trent, the Tata group retailer behind Westside and Zudio, compounded at 27.5% a year. Its ROE of 24.40% is the strongest of the group apart from Titan, and its market cap is Rs 1,61,676 crore.
Titan is the jewellery, watches and eyewear leader and the largest company here by market cap at Rs 4,04,387 crore. It compounded at 11.7% a year, with the highest ROE of the group at 32.31%.
Kalyan Jewellers India is a large jewellery chain with a strong southern base. It compounded at 18.6% a year and earns an ROE of 21.41%.
What Should Investors Track Next?
Three things to watch on the Nykaa share price. First, quarterly growth in beauty and fashion sales. Second, the margin trend, since the stock is valued on the expectation that profits will keep scaling. Third, how store expansion affects capital use and inventory.
Consumer discretionary stocks react quickly to changes in spending sentiment, and a three-year CAGR describes the past, not the future. Position sizing should reflect that.
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How to Compare Retail Stocks Yourself
You can repeat this exercise for any pair of stocks, including the Nykaa stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Nykaa share price, the same four checks give a more complete picture than price alone.
Download the Univest iOS App or Univest Android App to track the Nykaa share price and compare retail stocks live.
A New-Age Consumer Name Keeping Pace With the Giants
The Nykaa share price compounded at 36.1% a year over three years, ahead of Trent at 27.5%, Kalyan Jewellers at 18.6% and Titan at 11.7%. It is a strong showing for a company that is younger than the others.
Titan and Trent offer higher returns on equity, while Nykaa offers a category-leading platform whose profit growth is still building. The mix of the three styles may help investors who want broad exposure to Indian consumption.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Nykaa share price today?
Ans. Nykaa (FSN E-Commerce Ventures) closed at Rs 353.90 on 3 November 2026, according to NSE data. It has a market cap of Rs 1,01,410 crore and an ROE of 13.87%. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the Nykaa stock?
Ans. Nykaa (FSN E-Commerce Ventures) delivered a price CAGR of 36.1% over three years, moving from Rs 140.35 on 3 November 2023 to Rs 353.90 on 3 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is Nykaa better than Trent or Titan?
Ans. Nykaa delivered a three-year CAGR of 36.1%, ahead of Trent at 27.5% and Titan at 11.7%. Titan has the higher ROE at 32.31% against 13.87% for Nykaa. Better depends on your preference for growth, profitability and category.
What does Nykaa (FSN E-Commerce Ventures) do?
Ans. FSN E-Commerce Ventures operates Nykaa, an omnichannel beauty and fashion retailer. It sells through its app, website and physical stores, and offers both its own brands and third-party and international brands.
Is the Nykaa stock debt free?
Ans. The debt to equity ratio of the Nykaa stock is 0.86 and its return on equity is 13.87%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
How large is Nykaa compared with its peers?
Ans. Nykaa has a market cap of Rs 1,01,410 crore, compared with Rs 4,04,387 crore for Titan, the largest company in the comparison group.
Which retail stock gave the highest return in 3 years?
Ans. Among the companies compared here, Nykaa (FSN E-Commerce Ventures) delivered the highest three-year CAGR at 36.1%, followed by Trent at 27.5%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.
