Nykaa reported phenomenal growth momentum continuing in Q2 across beauty and fashion verticals

Mon 5 Oct 2026

GMV growth

close to 30 percent

Net revenue growth

late 20s percent

Fashion NSV growth

late 40s percent

Fashion net revenue growth

early 40s percent

Heard on business television between 08:24:23 - 08:27:23 IST.

• Consolidated gross merchandise value growth close to 30s percent.
• Net revenue growth in late 20s percent; beauty vertical growing in late 20s percent.
• Fashion vertical growing in late 40s for NSV and early 40s for net revenue.
• Company said some festive demand moved from Q2 to Q3, implying Q3 will also be strong.

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