India, July 7 -- Shares of beauty ecommerce major Nykaa surged 2.5% to INR 203.05 on the BSE today after the company said it expects its consolidated revenue growth to be in mid-twenties YoY in the first quarter of FY26.

In its quarterly revenue update, the beauty and personal care (BPC) company said that FY26 started on a "good note" and it expects its revenue growth to be "at the lower end of mid-twenties". Gross merchandise value (GMV) growth is projected to cross mid-twenties.

Nykaa said that geopolitical tensions led to softer sentiment during its Q1 Flagship Sale, causing some loss of business for its beauty vertical. Despite this, it expects the vertical to deliver GMV growth in the higher mid-twenties.

"The strong growth came o...