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SearchFSN E-Commerce expects consolidated revenue to grow in the high-twenties year-on-year range in Q2 FY27. The update is provisional and does not constitute financial results or formal earnings guidance.
Shares of FSN E-Commerce Ventures, the parent company of Nykaa, rose as much as around 6% during the October 5 session after the company signaled solid growth in its beauty and fashion businesses during the second quarter of fiscal year 2027. The share-price gain followed the release of a business update containing figures that are still provisional.
The company expects consolidated GMV—the gross value of merchandise sold—to increase in the high-twenties year-on-year range. It expects net sales value (NSV) to grow in the low-thirties range, while consolidated revenue is expected to advance in the high-twenties range.
These figures are estimates communicated by Nykaa for the quarter and are not confirmed results. The company said the update is provisional, subject to a limited review by its auditors, and does not constitute its financial results or formal earnings guidance.
In beauty and personal care, Nykaa expects both NSV and net revenue to grow in the high-twenties percentage range. The company attributed the performance to new customer additions, repeat purchases, and activity across its digital and physical channels.
During the quarter, it added 14 stores, bringing the total to 338 outlets as of September 30, 2026. Same-store sales—which exclude the effect of new openings—grew in the low-twenties range, according to the company, marking its fastest pace in the last six quarters. The House of Nykaa portfolio, which brings together its owned brands, continued to grow faster than the beauty vertical as a whole.
Nykaa said fashion continued to scale up. The company added more than 250 brands to its platform during the quarter and highlighted customer acquisition and the initial traction of its collaboration with Nike, driven by exclusive launches. In its update, it described the vertical’s expected growth as high double-digit, although published coverage gives different ranges for its NSV and revenue metrics; therefore, they should not be treated as a single confirmed figure.
The company also warned that a larger portion of the festive season falls in the third quarter this year. As a result, some growth associated with those purchases could shift from Q2 to Q3. Nykaa said it remains confident in the underlying growth drivers, a company expectation that does not remove uncertainty about future performance.
The share-price reaction reflects the movement observed during the session, but does not confirm that the forecasts will materialize and does not constitute an investment recommendation. The disclosed ranges relate to a provisional business update, not audited results.
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