Nykaa Projects Nearly 30% GMV Growth in Q2 FY27

4 Oct 2026, 8:35 pm · 3h ago · 1 min read · Entrackr

Nykaa parent FSN E-Commerce Ventures expects consolidated Gross Merchandise Value to grow close to 30% year-on-year for the quarter ended September 2026. Consolidated Net Sales Value is projected to rise in the early thirties, while net revenue will grow in the late twenties. The beauty vertical is expected to post late twenties growth, expanding its offline network by 14 net new stores to 338 outlets. The fashion arm saw accelerated momentum, adding over 250 brands with net revenue projected in the early forties. Nykaa previously posted ₹2,782 crore revenue in Q1 FY27.