FSN ECommerce, the parent company of fashion and beauty retailer Nykaa, expects March-quarter consolidated net revenue to improve in the low to mid-20% range from a year ago, maintaining the momentum seen throughout the year.
For the fiscal year ended March, revenue growth is also projected to be around mid-20%, based on provisional figures shared ahead of its audited results, the Mumbai-based company said in a regulatory filing on April 6.
The beauty segment remained the company’s primary growth driver, with gross merchandise value (GMV) expected to have grown in the low 30% range, ahead of overall industry trends. Nykaa attributed this to continued investment in customer acquisition, consistent order volume growth, and offline expansion, including the rollout of 19 stores in the fourth quarter.
The “House of Nykaa”—which includes both in-house and acquired brands—along with same-store sales growth across its retail footprint, also contributed to the performance of the beauty vertical, it said.
In contrast, the fashion vertical is expected to post GMV growth in the high teens. However, net revenue growth in the segment remained muted due to weaker performance of Nykaa Fashion-owned brands and lower content-driven activity in Q4, which typically sees a seasonal decline following the festive-heavy third quarter.
In Q3, Nykaa had reported a 51.7% year-on-year increase in consolidated net profit to Rs 26.4 crore, driven by higher consumer spending during the festive season.
The company has also been scaling its quick commerce operations to meet demand for faster deliveries. Anchit Nayar, CEO of Nykaa Beauty, had said in February that 70% of the beauty orders are delivered within the same or next day in the top 110 cities.
Quick commerce pilots in Mumbai, Delhi and Bengaluru have outperformed expectations, he said, adding that there are plans for further expansion.
As of the latest update, Nykaa’s cumulative customer base stands at 40 million, and it operates 221 offline stores offering products from over 8,000 brands.
On Friday, Nykaa’s shares closed 1.3% lower on the BSE at Rs 176.8.
For the fiscal year ended March, revenue growth is also projected to be around mid-20%, based on provisional figures shared ahead of its audited results, the Mumbai-based company said in a regulatory filing on April 6.
The beauty segment remained the company’s primary growth driver, with gross merchandise value (GMV) expected to have grown in the low 30% range, ahead of overall industry trends. Nykaa attributed this to continued investment in customer acquisition, consistent order volume growth, and offline expansion, including the rollout of 19 stores in the fourth quarter.
The “House of Nykaa”—which includes both in-house and acquired brands—along with same-store sales growth across its retail footprint, also contributed to the performance of the beauty vertical, it said.
In contrast, the fashion vertical is expected to post GMV growth in the high teens. However, net revenue growth in the segment remained muted due to weaker performance of Nykaa Fashion-owned brands and lower content-driven activity in Q4, which typically sees a seasonal decline following the festive-heavy third quarter.
In Q3, Nykaa had reported a 51.7% year-on-year increase in consolidated net profit to Rs 26.4 crore, driven by higher consumer spending during the festive season.
The company has also been scaling its quick commerce operations to meet demand for faster deliveries. Anchit Nayar, CEO of Nykaa Beauty, had said in February that 70% of the beauty orders are delivered within the same or next day in the top 110 cities.
Quick commerce pilots in Mumbai, Delhi and Bengaluru have outperformed expectations, he said, adding that there are plans for further expansion.
As of the latest update, Nykaa’s cumulative customer base stands at 40 million, and it operates 221 offline stores offering products from over 8,000 brands.
On Friday, Nykaa’s shares closed 1.3% lower on the BSE at Rs 176.8.
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