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Nykaa Shares Surge 5% Following Strong Q2 Growth and Goldman Sachs Price Target Hike
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CNBC TV18•05-10-2026, 14:13
Nykaa Shares Surge 5% Following Strong Q2 Growth and Goldman Sachs Price Target Hike
- •Shares of FSN E-Commerce Ventures rose over 5% after reporting strong September quarter business updates with consolidated gross merchandise value growth approaching 30%.
- •Goldman Sachs maintained its Neutral rating on Nykaa while raising the price target to 290 rupees from 280 rupees.
- •Consolidated net sales value growth for the second quarter of financial year 2027 reached the early 30s percentage range, matching the momentum from the June quarter.
- •The beauty and personal care segment saw net sales value growth in the late 20s, while the fashion vertical outperformed with growth in the late 40s.
- •Nykaa expanded its physical retail presence by adding 14 net new stores during the quarter, bringing its total store count to 338.
Key Questions Answered
Nykaa reported consolidated net sales value growth in the early 30s percentage range and consolidated gross merchandise value growth in the high-20s to close to 30% for the second quarter of financial year 2027.
Goldman Sachs maintained a neutral rating on Nykaa shares while raising its target price to ₹290 from ₹280 earlier.
In the beauty and personal care segment, net sales value growth was in the late 20s percentage range with 14 net new stores added. Meanwhile, the fashion vertical outperformed with net sales value growth in the late 40s percentage range and net revenue growth in the early 40s.
