Nykaa profit rises 206.8% as revenue grows 28.1%

Nykaa reported Q2 profit growth of 206.8% and revenue growth of 28.1%. After the November 4 announcement, the stock is above Rs 350, with Rs 311 as key support. FSN E-Commerce Ventures Limited [

] announced Q2 FY27 consolidated results on November 4, 2026. Net profit rose 206.8% year on year to Rs 101.2 crore from Rs 32.98 crore. Revenue grew 28.1% year on year to Rs 3,006 crore from Rs 2,346 crore. Profit growth outpaced revenue growth, indicating a sharper rise in the bottom line. The board approved acquiring an 82% shareholding in Simply Nam for up to Rs 33 crore. The stock is described as holding above Rs 350 after breaking its previous all-time high. Current price is unavailable, so distance from Rs 311 support cannot be calculated. In my view, holding above Rs 350 keeps the strongly bullish reading in place. A sustained fall below Rs 350 would weaken this view. A decline below Rs 311 would put the stated support at risk, while continued strength above Rs 350 would keep the breakout in focus. Watch whether the stock holds Rs 350 and whether Rs 311 holds on a decline. Stance: strongly bullish while above Rs 350, with Rs 311 as the key support. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.