Nykaa shares jump 6% to hit record high on positive Q2 update

Nykaa Q2 business update

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26 Aug, 2025 12:21

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The shares of Nykaa-parent FSN E-Commerce Ventures surged more than 6 percent on October 6 after the firm shared its revenue update for the second quarter of the financial year 2026.

The shares of the ecommerce giant hit a fresh 52-week high of Rs 255.17 apiece.

Nykaa Q2 business update:

In an exchange filing released in the post market hours of September 5, Nykaa announced that it expects its consolidated Gross Merchandise Value (GMV) to be close to the thirties in the July-August quarter of the financial year 2026, as against the mid twenties in the last few quarters. "This superior performance is driven by renewed growth in the Fashion vertical and healthy performance of Beauty vertical," it said.

'GST reforms to stimulate demand'

Nykaa further said that it expects its consolidated net revenue growth to be in the mid-twenties during the quarter under review, backed by an early start to the festive season this year. "The recent GST reforms announced by the Government are a welcome step toward stimulating demand. These reforms are expected to increase disposable income and drive long-term growth across several consumer and discretionary categories." it added.

Nykaa Beauty business update:

"Nykaa's Beauty vertical is expected to deliver NSV and Net Revenue growth of mid-twenties, marking 10+ consecutive quarters of sustained growth momentum. House of Nykaa brands continue to witness rapid growth driven by robust performance of acquired brands like Dot & Key, as well as homegrown brands like Kay Beauty and Nykaa Cosmetics," it said.

Nykaa Fashion business update:

"Nykaa's Fashion vertical is expected to deliver NSV growth of higher mid twenties, on the back of strong traction in core platform business, which was led by expanding brand assortment and robust customer acquisition. The vertical’s Net Revenue growth is expected to improve to low twenties from low to midteens in the last few quarters. Net Revenue growth for the vertical is lower than NSV growth due to lag in advertising and marketing income," it added.

Notably, the business updates for the quarter which ended on September 30 are provisional, and are subject to audit.

Nykaa share price history:

Nykaa shares gained more than 9 percent in the past five days, and over 48.5 percent in the past six months. The shares are up over 54 percent in 2025 so far. The stock's P/E ratio currently stands at more than 817.

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