On Tuesday’s early trade, the benchmark BSE Sensex was 0.46% higher at 82,167, while the broader NSE Nifty 50 index advanced 0.44% to 25,187, as upbeat business updates from companies and the central bank's lending reforms supported sentiment.
Meanwhile, FSN E-Commerce Ventures Limited, known as Nykaa, announced its Quarterly Revenue Update for Q2 FY2026 in a communication dated October 05, 2025. The update details an accelerated growth momentum for Nykaa (which includes FSN E-Commerce Ventures Limited and its subsidiaries) during the quarter.
The company, headquartered in Mumbai, reported having delivered yet another quarter of healthy performance. This superior performance was driven primarily by renewed growth in the Fashion vertical and a healthy, sustained showing from the Beauty vertical.
Nykaa anticipates its Consolidated Gross Merchandise Value (GMV) growth for Q2 FY2026 will be close to the thirties, marking a notable increase from the mid-twenties observed in the last few quarters. This superior performance is driven by renewed growth in the Fashion vertical and healthy performance of Beauty vertical.
Consolidated Net Revenue growth for the quarter is expected to be mid-twenties. This strong overall result was partially aided by an early start to the festive season. All reported growth numbers are calculated on a Year-over-Year (YoY) basis.
The Beauty vertical is expected to deliver Net Sales Value (NSV) and Net Revenue growth in the mid-twenties, marking 10+ consecutive quarters of sustained growth.
The continued success of the Beauty vertical is largely attributed to the rapid growth of the House of Nykaa brands, driven by:
The Fashion vertical contributed significantly to the accelerated consolidated growth, with NSV growth expected in the higher mid-twenties.
The vertical’s momentum is credited to:
Net Revenue growth for the Fashion vertical is expected to improve to low twenties in Q2 FY2026, compared to the low to mid-teens in previous quarters. The gap between NSV and Net Revenue growth is due to a lag in advertising and marketing income.
Popular labels in the Fashion portfolio include Nykd by Nykaa, 20 Dresses, KICA, RSVP, and Gajra Gang
FSN E-Commerce Ventures Limited welcomes the recent GST reforms announced by the Government. These reforms are expected to stimulate demand, increase disposable income, and drive long-term growth across discretionary and consumer categories.
On Tuesday, FSN E-Commerce Ventures share price jumped 1.32% to hit a new fresh 52-week high. As of 12:08 pm IST, the stock price was trading at ₹260 per share, up by 1.83%. On a year-to-date basis, the stock price has jumped over 59%.
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