Nykaa shares surge 9% in 2 days to hit new 52-week high after strong Q2FY26 update
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Shares of Nykaa (FSN E-Commerce Ventures Ltd) rose for the second consecutive session on Tuesday, gaining 8.8% over two days to touch a new 52-week high of Rs 239.85 on the BSE. The stock advanced after the company released its Q2 FY2026 business update, indicating continued momentum across both its beauty and fashion verticals. In its quarterly update, Nykaa said that its consolidated gross merchandise value (GMV) growth is expected to be close to the thirties in Q2 FY2026, compared with growth in the mid-twenties seen over the last few quarters. The company attributed the performance to renewed growth in the fashion segment and sustained strength in the beauty vertical. Nykaa’s beauty vertical is expected to deliver net sales value (NSV) and net revenue growth in the mid-twenties, marking more than ten consecutive quarters of sustained growth. The company said that the continued momentum was supported by strong performance from both acq...