From mint · Dhanya Nagasundaram · · 1m 20s
Nykaa Shares Rise After Strong Q2 Growth
Nykaa's Q2 revenue growth sparks investor optimism as shares jump 6%.
In brief
Nykaa's Q2 revenue growth sparks investor optimism as shares jump 6%. Nykaa's Q2 FY27 revenue and net sales value growth drive 6% share price rise. Originally reported by mint.
Nykaa Shares Jump 6%
Nykaa shares rose over 6% after strong Q2 FY27 growth announcements.
Q2 Revenue Growth Expected
Nykaa expects consolidated net revenue growth in the late twenties year-on-year for Q2 FY27.
Net Sales Value Growth
Nykaa expects net sales value growth in the early thirties across both Beauty and Fashion verticals.
Beauty Business Growth
Beauty vertical shows NSV and net revenue growth in the late twenties with 14 new stores added.
Fashion Vertical Growth
Fashion vertical reports NSV growth in the late forties and net revenue growth in the early forties.
Festive Demand Shift
Festive demand shifts from Q2 to Q3, affecting Q2 revenue expectations.
Share Price Movement
Nykaa shares opened at ₹ 335.50 on BSE, touching ₹ 344.40 intraday high.
Technical Analysis
SBI Securities VP notes Nykaa stock consolidating in ₹ 350, ₹ 316 range with positive trend signals.
What Lies Ahead
A breakout above ₹ 350 could trigger further upside, with ₹ 320, ₹ 315 as key support.
In short
Nykaa's Q2 FY27 revenue and net sales value growth drive 6% share price rise.
