BSECompany Update4 Oct 2026 · 4 Oct 2026, 06:36 pm
Please find enclosed herewith a communication on Nykaa (FSN E-Commerce Ventures Limited along with its subsidiaries) which is self explanatory.
FSN E-Commerce Ventures Ltd · 543384
✦ AI Summary▲ PositiveResults
Nykaa's Q2 FY2027 revenue update shows continued growth momentum with Consolidated GMV expected to be close to thirties and NSV growth expected to be higher in early thirties. The business strengthened across both verticals, supported by increasing scale of the Fashion vertical and steady growth in the Beauty vertical.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment9/10
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FSN E-Commerce Ventures Ltd - 543384 - Nykaa Quarterly Revenue Update - Q2 FY2027
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FSN E-Commerce Ventures Limited
October 4, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, 5th Floor, Corporate Relationship Department,
Plot No. C/1, G Block, 2nd Floor, New Trading Wing,
Bandra – Kurla Complex, Rotunda Building, P.J. Towers,
Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001
Symbol: NYKAA Scrip Code: 543384
ISIN: INE388Y01029
Dear Sir / Madam,
Subject: Nykaa Quarterly Revenue Update – Q2 FY2027
Please find enclosed herewith a communication on Nykaa (FSN E-Commerce Ventures Limited along
with its subsidiaries) which is self-explanatory.
The above is for your information and records.
Thanking You.
Yours faithfully,
For FSN E-Commerce Ventures Limited
Dr. Chetan Sharma
Company Secretary & Compliance Officer
Encl: a/a
Registered Office: 104 Vasan Udyog Bhavan | Sun Mill Compound | S. B. Marg | Tulsi Pipe Road | Lower Parel (W) | Mumbai – 400013
Website: www.nykaa.com | Phone: +91 22 6838 9616 | Email – nykaacompanysecretary@nykaa.com
CIN: L52600MH2012PLC230136
FSN E-Commerce Ventures Limited
Nykaa Quarterly Revenue Update – Q2 FY2027
Nykaa (FSN E-Commerce Ventures Limited along with its subsidiaries) witnessed a continued growth
momentum in Q2 FY2027 with Consolidated GMV expected to be close to thirties. NSV growth is
expected to be higher in early thirties. The business strengthened across both verticals, supported by
the increasing scale of the Fashion vertical and steady growth in the Beauty vertical. With this, the
Consolidated Net Revenue growth is expected to be in late twenties, marking yet another quarter of
solid growth for Nykaa.
Nykaa’s Beauty vertical maintained its healthy performance in Q2 FY2027 with NSV and Net Revenue
growth expected to be in late twenties.
The omnichannel business continued to perform well with strong platform growth driven by both new
customer acquisition as well as repeat customer engagement. The retail network expanded with 14 net
new store additions during the quarter, taking the total store count to 338 as of 30 September 2026. Like-
for-like store sales growth was in the early twenties, the highest in the last six quarters. House of Nykaa
continued to grow ahead of the overall Beauty vertical, supported by healthy performance across both
core and emerging brands.
Nykaa’s Fashion vertical continued to build on its growing scale in Q2 FY2027 with NSV and Net Revenue
expected to be in late forties and early forties respectively.
New customer acquisition remained strong during the quarter and continued to be an important growth
driver for the platform. More than 250 brands were added across categories during the quarter, further
strengthening the brand assortment. The Nike partnership continued to see encouraging early traction,
supported by exclusive drops.
With a larger part of the festive season falling in Q3 this year, some of the festive led growth has shifted
from Q2 to Q3. We remain confident in the underlying growth drivers of the business and in delivering
our long-term ambitions.
Disclaimer:
1. This Revenue Update for the quarter ended 30th September 2026 is provisional. The financial results
for the quarter will be subject to limited review by the Statutory Auditors of the Company.
2. This update is being issued voluntarily and does not constitute either financial results or earnings
guidance.
3. All growth numbers are on YoY basis in percentage terms.
4. “GMV” refers to gross merchandise value before returns and cancellations. “NSV” refers to net sales
value after returns, taxes, discounts and cancellations.
Registered Office: 104 Vasan Udyog Bhavan | Sun Mill Compound | S. B. Marg | Tulsi Pipe Road | Lower Parel (W) | Mumbai – 400013
Website: www.nykaa.com | Phone: +91 22 6838 9616 | Email – nykaacompanysecretary@nykaa.com
CIN: L52600MH2012PLC230136