Nykaa stock jumps 4% after strong Q2 revenue update; fashion vertical leads growth
By 10.45 AM, traded volume had already reached 81.66 lakh shares worth ₹277.20 crore, indicating heavy interest from market participants
Fy2027 Q2 results prompted a 4% surge in Nykaa shares on October 4, bringing the stock to ₹338. By 10:45 AM, trading volumes of 81.66 lakh shares reached ₹277.20 crore. SBI Securities hailed the update as a "strong business update," praising the robust performance across Beauty and Fashion verticals amid a festive season shift to Q3.
Nykaa disclosed consolidated GMV growth nearing 30% and NSV growth exceeding 30% YoY, with net revenue growth forecasted in the low to mid-20s. Despite a slight moderation from 34% Q1 growth, NSV momentum remained steady. The Beauty vertical aimed for NSV and revenue growth in the low to mid-20s, boosted by 14 new stores and 20% same-store sales growth.
In contrast, the Fashion vertical delivered the standout performance, with NSV growth in the mid-40s and net revenue growth in the low to mid-40s, fueled by customer acquisition and the addition of over 250 brands. Nike's partnership showed promise. However, the stock remains below its 52-week high of ₹349.55.
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