Nykaa and Avenue Supermarts have reported significant growth in their Q2 FY27 business updates, highlighting strong momentum ahead of the upcoming festive season. Nykaa's consolidated Gross Merchandise Value (GMV) is expected to be close to 30%, while Avenue Supermarts saw an 18.4% rise in standalone revenue from operations. These updates reflect the companies' expanding retail presence and increasing customer engagement.
- Nykaa's consolidated GMV expected near 30% growth in Q2 FY27
- Nykaa's Net Sales Value (NSV) and net revenue growth in the late twenties
- Nykaa added 14 new stores, totaling 338 as of September 30, 2026
- Avenue Supermarts' standalone revenue rose 18.4% to ₹19,206.18 crore
- D-Mart operates 518 stores across multiple Indian states
What growth did Nykaa report in Q2 FY27?
Nykaa, under FSN E-Commerce Ventures Limited and its subsidiaries, reported continued growth momentum in Q2 FY27. The consolidated Gross Merchandise Value (GMV) is expected to be close to 30%. GMV measures the total value of goods sold through Nykaa’s platform before deductions like returns or discounts.
The company expects Net Sales Value (NSV) growth to be in the early thirties, with consolidated net revenue growth in the late twenties. NSV represents the actual sales value after adjusting for returns and discounts, providing a clearer picture of revenue.
Nykaa’s Beauty vertical maintained healthy performance, with NSV and net revenue growth in the late twenties. The Fashion vertical showed strong growth, with NSV and net revenue expected in the late forties and early forties, respectively.
How did Nykaa expand its retail and customer base?
Nykaa’s omnichannel business performed well, driven by new customer acquisition and repeat engagement. During the quarter, Nykaa added 14 net new stores, bringing the total to 338 as of September 30, 2026.
Like-for-like store sales growth was in the early twenties, the highest in six quarters. This metric compares sales from stores open for a comparable period in the previous year, excluding new or closed stores.
The company also added over 250 brands across categories, enhancing its product assortment. The partnership with Nike showed encouraging early traction, supported by exclusive product launches.
What were Avenue Supermarts’ Q2 FY27 financial results?
Avenue Supermarts, which operates the D-Mart retail chain, reported standalone revenue from operations of ₹19,206.18 crore for Q2 FY27. This is an 18.4% increase compared to ₹16,218.79 crore in the same quarter last year.
On a quarter-on-quarter basis, revenue grew 4.7% from ₹18,343.49 crore in Q1 FY27. As of September 30, 2026, D-Mart operated 518 stores across various Indian states, including Maharashtra, Gujarat, Andhra Pradesh, and others.
One store in Sanpada, Navi Mumbai, is currently closed for reconstruction but is included in the total store count.
What do these updates mean for investors ahead of the festive season?
Both Nykaa and Avenue Supermarts show strong growth trends and expanding retail footprints, positioning them well for the festive season, which typically drives higher consumer spending.
Nykaa noted that some festive-led growth shifted from Q2 to Q3 this year but remains confident in its long-term growth drivers. Avenue Supermarts continues to expand its presence and improve sales performance.
Frequently Asked Questions
Q: What is Gross Merchandise Value (GMV)?
A: GMV is the total value of goods sold through a platform before deducting returns, cancellations, discounts, or taxes. It measures the overall scale of transactions.
Q: What does Net Sales Value (NSV) indicate?
A: NSV reflects the actual sales revenue after adjusting for returns, discounts, and cancellations, providing a clearer picture of a company's earnings from sales.
Q: How many stores does Nykaa operate?
A: As of September 30, 2026, Nykaa operates 338 stores across India.
Q: How many stores does D-Mart have?
A: D-Mart operates 518 stores across multiple Indian states as of September 30, 2026.
Q: Should this information be used as investment advice?
A: No. This information is for educational purposes only. Investors should consult financial advisers before making investment decisions.
