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Nykaa shares in focus after strong Q2 update | What lies ahead for investors?
FSN E-Commerce Ventures Ltd, operator of Nykaa, saw shares rise over 6% after strong growth announcements for Q2 FY27. Consolidated revenue is expected to grow in the late twenties with significant contributions from Beauty and Fashion verticals.
Nykaa shares rise 4% as Q2 FY27 update points to strong growth across beauty, fashion
Nykaa parent FSN E-Commerce Ventures shares rose after the company indicated strong Q2 FY27 growth momentum across Beauty and Fashion. Consolidated GMV is expected to grow in the high 20s, while NSV and net revenue growth are projected in the early and high 20s, respectively.
Nykaa expects net revenue growth in late twenties in Q2
Nykaa said fashion was a faster-growing vertical, with NSV expected to grow in the late forties and net revenue in the early forties. Nykaa said more than 250 brands were added during the quarter and that its partnership with Nike continued to see "encouraging early traction," supported by exclusive drops.