New Delhi, Oct. 5 -- Shares of FSN E-Commerce Ventures Ltd, the operator of Nykaa, jumped over 6% on Monday, October 5, after the company indicated strong growth across its Beauty and Fashion businesses in the September quarter. The company expects consolidated net revenue growth in the late twenties year-on-year, while consolidated gross merchandise value (GMV) growth is expected to be in the high twenties.

The company also expects net sales value (NSV) growth in the early thirties, with both its Beauty and Fashion verticals contributing to the performance.

GMV (gross merchandise value) refers to the total value of merchandise sold before accounting for returns and cancellations. NSV (net sales value) reflects sales after adjusting for...