Nykaa shares rally 5% on strong Q3 update; net revenue growth higher than mid-20s
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Shares of FSN E-Commerce Ventures rallied 5.3% today to an intraday high of Rs 176.50 on the BSE after the company announced a strong third quarter, with net revenue growth expected to be higher than the mid-twenties. “Nykaa (FSN E-Commerce Ventures Limited, along with its subsidiaries) witnessed strong performance in Q3 FY2025, with consolidated net revenue growth likely to exceed the mid-twenties. This is higher than the consolidated GMV growth for the same period, indicating a positive trend in GMV to net revenue translation,” the company said in an exchange filing. The updates were shared by the company on Sunday, January 5. Nykaa’s beauty vertical growth has accelerated compared to previous quarters, with net revenue growth higher than the mid-twenties. The GMV growth for the beauty vertical is expected to be in the low thirties, indicating strong momentum across all of Nykaa’s beauty businesses—e-commerce platform, retail stores, ow...