Shares of FSN E-Commerce Ventures, the parent company of beauty and fashion retailer Nykaa, gained 3% to Rs 318 on the BSE on Monday after it projected nearly 30% year-on-year growth in consolidated net revenue for the June quarter, driven by a sharp improvement in its fashion business and sustained momentum in beauty.
In its quarterly business update filed with the stock exchanges, the company said consolidated gross merchandise value (GMV) and net sales value are expected to grow in the early thirties on a year-on-year (YoY) basis during Q1 FY27.
