Nykaa jumps 4% to fresh 52 weeks high after 14 Lakh shares change ownership in Block Deal

NYKAA (FSN e-commerce Ventures Ltd) Shares rose by 4% on Tuesday to a new highest height of 52 weeks of RS 266 on the BSE after 14.1 Lakh shares have changed owner in a block deal.

The details of the parties involved in the transaction are currently unknown.

In the last 2 trade days, the shares of Nykaa rose by 11% after the company has released its Q2 FY2026 Business Update, which points at a continuous momentum for both beauty and fashion serticals.

In his quarterly update, Nykaa said that his consolidated gross merchandise value (GMV) growth is expected to be close to the 1930s in Q2 FY2026, compared to the growth in the middle of the twenties that was seen in the last quarter.

The company attributed the performance to renewed growth in the fashion segment and lasted strength in beauty vertically.

Nykaa’s beauty vertically is expected to deliver the net sales value (NSV) and the net turnover growth in the middle of the twenty, which marks more than ten consecutive quarters of long-term growth. The company said that the constant momentum was supported by strong performance from both taken over and home -grown brands, including Dot & Key, Kay Beauty and Nykaa Cosmetics. In fashion vertically, Nykaa expects NSV growth in the higher mid-twenty, supported by a strong traction in its core platform company. The company said this was led by a growing brand range and improved customer acquisition. The net revenue growth for the fashion segment is expected to improve to the low twenty, from the low to mid -teenagers that were registered in the past quarter. Nykaa also noted that net turnover growth was slightly lower than NSV growth as a result of a delay in advertising and marketing income.

For the consolidated company, Nykaa said that it has delivered a quarter of the healthy achievements, with a consolidated net turnover growth that is expected to be in the middle of the twenty during Q2 FY2026. The company said that an early start of the festive season contributed to the quarterly performance.

Nykaa also referred to the recent GST reforms announced by the government, which states that they were a welcome step towards stimulating question. The company noted that these measures are expected to support higher disposable income levels and contribute to long-term growth in various consumer and discretionary categories.

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