Nykaa shares rise 3% after Q1 business update
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Shares of Nykaa (FSN E-Commerce Ventures) rose nearly 3% to Rs 203 on the BSE in Monday's trade, after the company shared its Q1 FY26 business update on Sunday. Nykaa said it has started FY26 on a strong note, with consolidated net revenue growth for the first quarter expected to be at the lower end of the mid-twenties range. Gross merchandise value (GMV) growth is expected to surpass this, crossing the mid-twenties, indicating sustained momentum across recent quarters. Beauty Segment The Beauty vertical is expected to post GMV growth in the higher mid-twenties, despite softer consumer sentiment during its flagship sale period, which was impacted by geopolitical tensions. The company said that the growth was driven by robust performance across its ecommerce platform, retail stores, eB2B distribution, and the House of Nykaa brands. The House of Nykaa portfolio, which includes both home-grown and acquired brands, continued its accelerat...