India's Nykaa rises to more than 4-year high after strong quarterly business update

FSN E-Commerce Ventures

06/07/2026 05:47

** Shares of India's FSN E-Commerce FSNE.NS rise 2.32% to 317.5 rupees, highest since February 2022
** Nykaa parent on Sunday said consolidated gross merchandise value and net sales value expected to grow by ~30% in Q1 FY27 y/y
** Beauty vertical NSV pct growth expected to be in "late twenties" y/y, said co
** Fashion vertical NSV pct growth expected to be in "mid-fifties" y/y, reaching multi-quarter high - FSNE
** Morgan Stanley ("overweight", PT 321 rupees) says increase in growth augurs well for stock; margins key to monitor during earnings
** FSNE on avg rated "hold", median PT is 315 rupees - data compiled by LSEG 
** Stock up 19.4% YTD
     

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))