Nykaa Expects Q1 Revenue Growth Near 30 Helped By Fashion Recovery
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Economic TimesVerified Publisher
FSN E-Commerce Ventures, the parent of beauty and fashion retailer Nykaa, said it expects consolidated net revenue growth to accelerate to near 30% in the June quarter from a year earlier, helped by a stronger performance in its fashion business and steady mom FSN E-Commerce Ventures, the parent of beauty and fashion retailer Nykaa, said it expects consolidated net revenue growth to accelerate to near 30% in the June quarter from a year earlier, helped by...
FSN E-Commerce Ventures, the parent of beauty and fashion retailer Nykaa, said it expects consolidated net revenue growth to accelerate to near 30% in the June quarter from a year earlier, helped by a stronger performance in its fashion business and steady momentum in beauty.The company, in a voluntary quarterly update filed with the stock exchanges on Sunday, said consolidated gross merchandise value and net sales value growth for Q1 FY27 are expected to be in the early thirties on a year-on-year basis. The update is provisional and subject to limited review by the company’s statutory auditors.Nykaa said the growth uplift was driven by its fashion vertical, which has been under pressure over the past several quarters amid weak discretionary demand and high customer acquisition costs. The business is expected to report net sales value growth in the mid-fifties, marking a sharp acceleration from previous quarters.