Nykaa Q2 FY27: Consolidated GMV near 30%, NSV in low 30s
FSN E-Commerce Ventures Ltd (Nykaa) has released a provisional update for Q2 FY2027, indicating continued growth momentum. Consolidated Gross Merchandise Value (GMV) is expected to be close to 30%, with Net Sales Value (NSV) growth projected in the early thirties. The Beauty vertical saw NSV and Net Revenue growth in the late twenties, with 14 new stores added, bringing the total to 338. Like-for-like store sales growth was in the early twenties. The Fashion vertical's NSV and Net Revenue are expected in the late forties and early forties, respectively, driven by strong new customer acquisition and brand additions. The Nike partnership is showing encouraging traction. Some festive-led growth shifted to Q3.
Key Highlights
- Consolidated GMV expected near 30% YoY growth for Q2 FY27.
- Beauty vertical NSV and Net Revenue grew in late twenties.
- Fashion vertical NSV and Net Revenue grew in late 40s/early 40s.
- 14 new stores added, total store count reaches 338.
- Like-for-like store sales growth highest in six quarters.
Price Impact
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