Nykaa Sees Mid-Twenties Revenue Growth for Jan-Mar Quarter

FSN E-Commerce Ventures Ltd., which owns the Nykaa brand, expects consolidated net revenue to grow in the low to mid-twenties on year for the March quarter, the company said in a filing late Sunday.

The beauty vertical is likely to clock net revenue growth in the mid-twenties, supported by strong retail momentum and consistent volume growth driven by earlier investments in customer acquisition.

Gross merchandise value for the beauty segment in Jan-Mar is expected to rise in the low thirties, helped by same-store sales growth and 19 new store launches in the quarter.

The performance of both in-house and acquired brands under House of Nykaa also contributed to the growth.

In the fashion business, merchandise value is seen rising in the high teens, but net sales growth may lag due to weak performance by Nykaa’s own brands and lower content-led activity after the December quarter.

The company didn’t share specific revenue or profit figures, but maintained a positive outlook on momentum across its core verticals.