Shares of FSN E-Commerce Ventures Ltd, the operator of Nykaa, surged more than 6% on October 5 following the company's provisional Q2 FY27 revenue update. Nykaa expects consolidated net revenue growth in the late twenties year-on-year, with consolidated gross merchandise value (GMV) growth in the high twenties. Net sales value (NSV) growth is projected in the early thirties, driven by strong performances in both its Beauty and Fashion verticals, according to livemint.com.
The company’s consolidated business strengthened during the quarter, supported by steady momentum in Beauty and increasing scale in Fashion. Nykaa’s retail footprint expanded to 338 stores after adding 14 net new stores, with like-for-like store sales growth reaching the early twenties, the highest in six quarters. The Fashion vertical led growth with NSV expected in the late forties and net revenue growth in the early forties, fueled by new customer acquisition and the addition of over 250 brands, as reported by thehindubusinessline.com.
Nykaa’s Q2 performance reflects sustained growth in India’s online beauty and fashion retail market. The company’s GMV growth, while slightly moderating from 34% in Q1 FY27, remains robust in the high twenties. NSV momentum held steady, indicating strong underlying demand. The expansion of physical stores alongside digital sales highlights Nykaa’s omnichannel strategy, positioning it competitively against peers in the sector, according to thehindubusinessline.com and livemint.com.
Nykaa’s stock traded at ₹338 on October 5, up ₹13.05 or 4.02% from the previous close, with traded volume reaching 81.66 lakh shares worth ₹277.20 crore by mid-morning, signaling strong investor interest, thehindubusinessline.com reported.