Nykaa’s beauty vertical has witnessed growth as compared to the previous quarters with net revenue growth higher than mid-twenties
Indicating positive trend in gross merchandise value (GMV) to net revenue translation, FSN Ecommerce Ventures, the parent of Nykaa has witnessed a healthy performance in the third quarter of the current financial year (Q3FY25). As per the company’s exchange filing, it is expecting the consolidated net revenue growth to be higher than mid-twenties in the December quarter.
The company added that this is higher than the consolidated GMV growth for the same period. The beauty vertical of Nykaa has witnessed growth as compared to the previous quarters with net revenue growth higher than mid-twenties.
As per the quarterly update, indicating strong momentum in all of Nykaa’s beauty businesses- ecommerce platform, retail stores, owned brands and eB2B distribution, the GMV growth for beauty vertical is expected to be low thirties.
“Customer acquisition at Nykaa continues to accelerate. The eB2B distribution business – Superstore by Nykaa, which accounts for eight per cent of beauty vertical’s GMV (as compared to seven per cent a year ago) continues to witness rapid expansion and now services around 2,60,000 transacting retailers across over 1,100 cities,” stated the company.
Indicating healthy growth in content, marketing and service-related income, the company stated that the fashion vertical is expected to deliver net revenue growth of around 20 per cent. On the other hand, the NSV growth is likely to be around low to mid-teens. The company highlighted that all growth numbers are for the recently concluded quarter compared to the corresponding period in the previous financial year,
While the online fashion demand continues to be subdued, the company remains optimistic about the long-term growth opportunity.
