New Delhi, Oct. 6 -- FSN E-Commerce Ventures, the parent company of Nykaa, saw its shares surge 6.25% in intraday trade on Monday, October 6, to hit a fresh one-year peak of Rs.254.80 per share. This positive response from investors follows the release of the company's Q2FY26 business update.

In its regulatory filing on Sunday, the company said it has seen accelerated growth momentum in Q2FY26 and delivered yet another quarter of healthy performance, with consolidated net revenue growth expected in the mid-twenties, aided by an early start to the festive season.

It expects consolidated GMV growth to be close to the thirties, compared to the mid-twenties in the last few quarters. This growth was led by renewed momentum in the fashion ver...