The company expects the consolidated net revenue growth to be at the lower end of mid-twenties in the first quarter of the financial year 2026 (Q1FY26)
Starting the current financial year (FY26) on a good note, FSN Ecommerce Ventures, the parent company of Nykaa, expects the consolidated net revenue growth to be at the lower end of mid-twenties in the first quarter of FY26.
Sharing Nykaa’s quarterly revenue update in a regulatory filing, the company stated that gross merchandise value (GMV) growth is expected to be higher, crossing mid-twenties, indicating consistent momentum over several quarters.
“Nykaa’s beauty vertical is expected to deliver GMV growth in higher mid-twenties. This was despite disruption on account of geo-political tensions that led to softer sentiment during the Q1’s Flagship Sale, causing some loss of business,” the company noted.
The company emphasised that the strong growth came on the back of solid performance across all businesses, including ecommerce platform, retail stores, eB2B distribution and the House of Nykaa brands. Beauty vertical’s net revenue is expected to grow in the mid-twenties, similar to previous quarters.
“Nykaa’s fashion vertical is expected to deliver GMV growth of mid-twenties, marking a strong improvement over the previous quarters. This performance was driven by improving traction in the core platform business, supported by an expanding assortment and robust customer acquisition,” the company said.
Fashion vertical’s net revenue growth is expected to improve sequentially to mid-teens, though lower than the GMV growth, the official statement noted.
