Nykaa (FSN E-Commerce Ventures) reported a strong operational performance for the quarter ending March 31, 2026, with a 3.11% increase in stock price to ₹253.60. The company achieved consolidated net revenue growth of 142.38%, reaching ₹63.31 crore, alongside a 26.73% rise in revenue from operations to ₹2873.26 crore compared to the same quarter last year. The growth was driven by robust performance in both the fashion and beauty segments, with GMV growth in the high twenties and NSV growth in the low thirties. The fashion vertical, in particular, saw a significant recovery, with NSV growth in the low forties. Nykaa also recorded its highest-ever quarterly retail expansion, adding 26 new stores and integrating 11 Kiehl's outlets, increasing its total store count to 313. Despite geopolitical tensions in West Asia, which contributed less than 1% to overall revenue, Nykaa's strategic initiatives, including partnerships and sales events, bolstered its performance, underscoring a strengthening growth trajectory across its segments.