India's Nykaa gains on strong quarterly growth forecast

Fsn E-Commerce Ventures

06/10/2025 05:14

** Nykaa parent FSN E-Commerce Ventures FSNE.NS climbs 2.4% to 245.59 rupees

** The beauty e-tailer says growth accelerated in Q2; GMV - gross merchandise value - is expected to rise to thirties from mid-twenties in last few quarters

** Says beauty business saw strong growth from Dot & Key skincare brand acquisition as well as from home brands Kay Beauty and Nykaa Cosmetics

** Adds that consol net revenue growth is expected to be in mid-twenties in Q2 on festive demand boost

** Stock rated "hold" on avg, median PT at 223.49 rupees - data compiled by LSEG

** YTD, stock up ~55%

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))