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Nykaa shares jump 6% to hit record high after upbeat Q2 update
Nykaa soars 6% on upbeat Q2 update and festive demand outlook.
Shares of FSN E-Commerce Ventures, the parent company of Nykaa, surged nearly 6% to reach a record high on Monday after reporting stronger-than-expected Q2 performance. The company posted double-digit growth in beauty and personal-care sales, supported by festive season demand and improving margins. Analysts cited robust revenue visibility, enhanced omni-channel penetration, and continued traction in Nykaa Fashion as key positives. Brokerages maintained ‘buy’ ratings with a 12–15 percent upside potential over the near term.