FSN E-Commerce Ventures Ltd., owner of the Nykaa brand, said consolidated net revenue for the April–June quarter is expected to grow at the lower end of the mid-20% range, with gross merchandise revenue rising slightly higher, crossing mid-20s. This comes despite softer sentiment during its flagship sale due to geopolitical tensions, the company said late Sunday.The growth was led by solid performance across e-commerce, retail stores, B2B distribution, and its House of Nykaa brands. In 2024-25, 67% of the fashion segment’s gross merchandise value under House of Nykaa came from its own platforms, up from 57% the previous year, aligning with its push to reduce offline third-party reliance.
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