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Nykaa Shares Jump 5Percent As Q2 Growth Surpasses Expectations
- •Shares of FSN E-Commerce Ventures, the parent company of Nykaa, surged over 5 percent following a strong Q2 business update.
- •Consolidated Net Sales Value growth for Q2 remained in the early 30s range, matching brokerage estimates despite a festive season shift.
- •The Beauty and Personal Care segment saw robust performance with the addition of 14 new stores, bringing the total store count to 338.
- •Nykaa's Fashion vertical showed impressive momentum with NSV growth in the late-40 percent range and the addition of over 250 brands.
- •Goldman Sachs maintained a Neutral rating while raising the stock target price from 280 rupees to 290 rupees.
Key Questions Answered
Nykaa's consolidated Net Sales Value (NSV) growth in Q2FY27 remained in the early 30s range, which was broadly in line with Goldman Sachs' estimate of 32%. Following the Q2 business update, Goldman Sachs maintained a 'Neutral' rating while raising its target price on the stock from ₹280 to ₹290.
In the Fashion segment, NSV growth remained in the late-40% range and net revenue growth in the early-40% range, alongside adding over 250 brands. Meanwhile, the Beauty and Personal Care (BPC) segment saw NSV and net revenue growth in the late-20% range, with 14 new stores added to bring the total store count to 338.
Nykaa shares climbed up to 5.5% to reach ₹342.60 on Monday, October 5, 2026, trading close to their 52-week high of ₹349.50. The stock has surged nearly 30% so far this year and is approximately 48% higher from its 52-week low recorded on October 1, 2025.
