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FSN E-Commerce Ventures Ltd, the operator of Nykaa, saw its shares climb over 6% after indicating robust growth across its Beauty and Fashion segments for the September quarter. The company anticipates consolidated net revenue growth in the late twenties.
Nykaa's parent company, FSN E-Commerce Ventures, saw its shares rise over 5% after reporting strong September quarter business performance with consolidated gross merchandise value (GMV) growth in the high-20s to close to 30%. Goldman Sachs maintained its stance by raising the price target.
FSN E-Commerce Ventures Limited (Nykaa) shares surged over 4% on Monday, trading at ₹338 after a provisional Q2 FY2027 revenue update indicated growth led by the fashion vertical.