Nykaa's Q1 update boosted shares by 3%

Nykaa's stock price increased by approximately 3% today, following the release of its Q1 FY26 business update. The company anticipates strong revenue growth. The e-commerce company, FSN E-Commerce Ventures, expects consolidated net revenue growth in the lower end of the mid-twenties range for the first quarter. Gross Merchandise Value (GMV) growth is projected to be even higher. The Beauty segment is expected to see GMV growth in the higher mid-twenties, while the Fashion segment anticipates mid-twenties GMV growth. Analysts have a "Hold" recommendation on the stock.