Nykaa's shares surged as much as 6.1% to an intraday high of ₹342.95 on the BSE following its Q2 FY27 business update. At 10:40 IST, the stock traded 4.4% higher at ₹337.55, valuing the company at ₹96,684.2 crore ($10 billion). The company projected consolidated gross merchandise value (GMV) growth in the high twenties and net sales value (NSV) growth in the early thirties for the quarter, according to inc42.com.
In its exchange filing, Nykaa outlined expectations for consolidated net revenue growth in the late twenties during Q2 FY27, driven by both its beauty and fashion segments. The beauty vertical anticipates NSV and net revenue growth in the late twenties, supported by an omnichannel strategy that added 14 new stores in the quarter, raising the total store count to 338 as of September 30, 2026. Like-for-like store sales are expected to grow in the early twenties, marking the highest growth in six quarters. Nykaa’s House of Nykaa brands also showed faster growth than the overall beauty business.
The fashion segment is forecasted to see NSV growth in the late forties and net revenue growth in the late thirties, reflecting strong demand. Nykaa’s performance highlights the resilience of its diversified business model amid competitive ecommerce markets. The company’s ability to expand physical retail alongside digital channels aligns with broader trends in beauty and fashion ecommerce, where omnichannel presence is increasingly critical. Nykaa’s market capitalization near $10 billion places it among India’s leading ecommerce players.
Nykaa’s Q2 FY27 update includes 14 new stores added in the quarter, bringing the total to 338 as of September 30, 2026. The company expects like-for-like store sales growth in the early twenties, the highest in six quarters, underscoring its retail expansion strategy’s impact on overall growth, according to inc42.com.