Nykaa mentioned consolidated GMV progress is anticipated to be within the excessive 20s, whereas web gross sales worth (NSV) progress is anticipated to be within the early 30s. Consolidated web income progress is anticipated to be within the excessive 20s, supported by the scaling-up of the Trend vertical and regular progress in Magnificence. The corporate mentioned its Magnificence enterprise is anticipated to publish NSV and web income progress within the excessive 20s.
The wonder vertical continued to profit from sturdy omnichannel efficiency, pushed by new buyer additions and repeat engagement. Nykaa added 14 net-new shops in the course of the quarter, bringing its whole retailer depend to 338 as of September 30, 2026. Like-for-like retailer gross sales progress was within the low 20s, marking the strongest efficiency within the final six quarters. The Home of Nykaa portfolio additionally continued to develop sooner than the general Magnificence enterprise.
The style vertical remained a key progress driver, with NSV progress anticipated to be within the early forties and web income progress within the low 40s throughout Q2 FY27. Buyer acquisition remained sturdy, whereas greater than 250 manufacturers had been added throughout classes in the course of the quarter, increasing the platform’s product assortment. The corporate’s partnership with Nike additionally continued to achieve traction, helped by unique product drops.
Nykaa famous {that a} bigger portion of the festive season falls within the third quarter this yr, leading to some festive-led progress shifting from Q2 to Q3. Nonetheless, the corporate mentioned it stays assured about its underlying progress drivers and long-term progress ambitions.
The corporate acknowledged in its disclaimer that the income replace for the quarter ended September 30, 2026, is provisional and topic to restricted overview by its statutory auditors. It added that the replace was issued voluntarily and doesn’t represent monetary outcomes or earnings steerage. All progress figures are reported on a year-on-year foundation.
Share Value, Valuation and Technical Indicators
FSN E-Commerce Ventures (Nykaa) shares have gained round 41% over the previous yr. The corporate at the moment has a market capitalisation of Rs 95,938 crore, whereas the inventory’s 52-week excessive stands at Rs 349.55.On the valuation entrance, the inventory is buying and selling at a price-to-earnings (P/E) ratio of 363.33 and a price-to-book (P/B) ratio of 61.94.
From a technical perspective, FSN E-Commerce Ventures is buying and selling above all eight key easy transferring averages (SMAs), indicating that the inventory is at the moment positioned above its short- and long-term common worth ranges.
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