Nykaa hits 52-week high on strong Q1FY27 update led by ~50% fashion growth
FSN E-Commerce Ventures posted ~30% net revenue growth in Q1FY27, driven by ~50% fashion expansion. Store count rose to 324 from 313, targeting 500 in 3-4 years. FY26 revenue hit ₹10,000 crore at 9.6% Ebitda margin. Rich 117x FY28 P/E makes execution critical against a $15B TAM by 2030.
Nykaa hit a 52-week high after a stronger-than-expected Q1FY27 update, with ~30% revenue growth led by fashion (~50%). Store count rose to 324, reinforcing its omnichannel beauty-and-fashion evolution, though rich valuation makes execution critical.