Nykaa (FSN E-Commerce Ventures Limited and its subsidiaries) announced that it has maintained growth momentum in the second quarter of FY27, with consolidated Gross Merchandise Value (GMV) expected to be close to the thirties. The company highlighted that Net Sales Value (NSV) growth is projected to be higher in the early thirties, driven by the expanding Fashion vertical and steady growth in the Beauty vertical. Consequently, consolidated net revenue growth is expected to be in the late twenties, marking another quarter of solid performance for the e-commerce platform.

The Beauty vertical continued to perform robustly in Q2 FY27, with NSV and net revenue growth anticipated to be in the late twenties. Omnichannel operations also showed strength, with new customer acquisition and repeat engagement propelling platform growth. The retail network expanded by 14 net new stores during the quarter, bringing the total store count to 338 as of September 30, 2026. Like-for-like store sales growth reached the early twenties, the highest in the last six quarters, underscoring the resilience of existing outlets.

House of Nykaa outpaced the overall Beauty vertical, buoyed by healthy performance across core and emerging brands. In the Fashion vertical, NSV and Net Revenue are expected to be in the late forties and early forties respectively. More than 250 new brands were added across categories during the quarter, strengthening the assortment. The partnership with Nike continued to show encouraging early traction, supported by exclusive drops, while the company noted that some festive-led growth has shifted from Q2 to Q3 due to a larger portion of the festive season falling in the latter quarter.

Avenue Supermarts, the parent of the D-Mart supermarket chain, reported an 18.4% rise in standalone revenue from operations to ₹19,206.18 crore for Q2 FY27, up from ₹16,218.79 crore a year earlier. On a quarter-on-quarter basis, revenue climbed 4.7% to ₹18,343.49 crore in the June quarter. The total number of D-Mart stores stood at 518 as of September 30, 2026, including a Sanpada, Navi Mumbai, Maharashtra store that is closed to customers due to reconstruction.

Shares of Nykaa surged as much as 5.49% to ₹342.80 on the NSE following the provisional business updates, reflecting investor confidence in the company’s growth trajectory. In contrast, Avenue Supermarts shares traded 3.55% lower at ₹3,677.80, mirroring market caution amid the reported revenue figures and store count changes. The market reaction highlighted differing investor sentiment towards the two companies based on their respective quarterly performance metrics.

The updates were released on Monday, October 5, after the companies disclosed their provisional business updates for the quarter ended September 30, 2026 (Q2 FY27). The information was provided with inputs from PTI and is intended for informational purposes only. Investors are advised to consult a financial adviser before making any investment decisions.