Shares of FSN E-Commerce, the parent company of Nykaa, surged nearly 8% on Monday following a substantial increase in its consolidated net profit, which reached ₹34.4 crore for the September quarter. The stock, traded on the Bombay Stock Exchange (BSE), increased by 7.87% to ₹265.30 per share. On the National Stock Exchange (NSE), the shares rose by 7.86% to ₹265.20.
The overall market also experienced gains, with the 30-share BSE Sensex climbing 482.65 points, or 0.58%, to 83,698.93, while the NSE Nifty advanced by 139.60 points, or 0.55%, to 25,631.90 during late-morning trading.
In its earnings report released on Friday, FSN E-Commerce noted a remarkable increase in net profit, up from ₹10.04 crore in the same quarter of the previous year. The company’s revenue from operations rose 25.13% to ₹2,345.98 crore compared to ₹1,874.74 crore a year earlier. Additionally, Nykaa’s gross merchandise value (GMV) grew 30% year-on-year to ₹4,744 crore.
Nykaa Founder and CEO Falguni Nayar commented that the company’s performance reflects strong growth momentum across various categories. Nayar has been reappointed as Executive Chairperson, Managing Director, and Chief Executive Officer for a term of five years, effective from February 12, 2026, to February 11, 2031.
The company also expanded its physical presence by opening 19 new beauty stores during the quarter, bringing its total to 265 across 90 cities.
