India's Nykaa climbs after projecting strong quarterly revenue growth

FSN E-Commerce Ventures

05/10/2026 08:19

** Nykaa-parent FSN E-Commerce FSNE.NS shares rise as much as 6.03% to a three-week high of 344.55 rupees apiece
** FSNE says it expects a consolidated net revenue growth to be in the late twenties in the September quarter, in a business update
** Consolidated GMV (gross merchandise value) expected to be close to thirties, says FSNE
** Business strengthened across both fashion and beauty verticals in the September quarter, says FSNE 
** Goldman Sachs says the update signals strong broad-based earnings growth in Q2 and raises FY2027-29 revenue estimates
** BofA Securities says September quarter results are likely to signal strong GMV growth for FSNE
** FSNE shares are up 29% in 2026 so far, according to exchange data


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))