Nykaa sees GMV growth close to thirties in Q2 driven by a renewed surge in fashion
Falguni Nayar-led Nykaa expects to see mid-twenties revenue growth, helped by an early start to the festive season as well as GST-driven price cuts.
Beauty and fashion omnichannel marketplace Nykaa said it sees consolidated GMV (Gross Merchandise Value) growth to be close to thirtees in the second quarter of FY26, helped by renewed push in the fashion vertical and the healthy performance of the beauty segment.
FSN E-Commerce Ventures, the parent company behind Nykaa, said it anticipates consolidated net revenue to grow in the mid-twenties, supported by an early start to the festive season.
For its largest vertical, beauty and personal care, Nykaa said it expects net sales value and net revenue growth of mid-twenties for its core beauty vertical. The platform competes with Reliance-backed Tira, as well as several offline retailers.
"House of Nykaa brands continue to witness rapid growth driven by robust performance of acquired brands like Dot & Key, as well as homegrown brands like Kay Beauty and Nykaa Cosmetics," shared the company in an exchange filings made on Sunday, October 5.
Nykaa's fashion vertical is expected to clock a growth in the high mid-twenties, driven by demand for its core platform business. The company saw a return on its efforts in expanding brand assortment and robust customer acquisition. The segment also houses private labels such as Twenty Dresses and Gajra Gang.
The net revenue growth for the segment is expected to improve to the low twenties; however, it is expected to trend lower than NSV growth as marketing and advertising income still sees a lag in the fashion segment.
The Falguni Nayar-led company is yet to announce a date for releasing its audited financial results for the second quarter.
Edited by Affirunisa Kankudti