Nykaa Shares Hit 52-Week High on Strong Q1 Growth Outlook

Indian e-commerce firm Nykaa, focused on beauty and personal care, saw its shares surge to a fresh 52-week high on Tuesday. The increase followed the company's projection of approximately 30% year-on-year growth in consolidated revenue for the first quarter of fiscal year 2027.

The company attributes the strong outlook to a significant recovery in its fashion business and continued expansion in its beauty vertical. Nykaa anticipates its beauty business will deliver net sales value and net revenue growth in the high-20% range. The fashion segment, historically a weaker performer, is expected to be a standout, with projected net revenue growth nearing 50%.

Nykaa has also expanded its physical retail presence, increasing its store count to over 320. Last month, the company outlined a long-term strategy aiming for its beauty and lifestyle business to achieve over $5 billion in gross merchandise value by fiscal year 2030.

Financially, Nykaa reported a more than fourfold jump in consolidated net profit for its latest reported quarter, alongside a 28% year-on-year increase in operating revenue, which marked the company's fastest annual revenue growth in twelve quarters.