Nykaa expects nearly 30 pc net revenue growth in Q1 on strong fashion sales

Business To Business, New Delhi, 05^th July, 2026:   FSN E-Commerce Ventures Ltd, the parent company of the Nykaa brand, on Sunday projected a consolidated net revenue growth of nearly 30 per cent for the first quarter of FY2026-27, driven by robust momentum in its fashion business.
In a regulatory filing, the company said it expects consolidated Gross Merchandise Value (GMV) and Net Sales Value (NSV) to register year-on-year growth in the "early thirties" for the quarter ended June 30, 2026, reflecting sustained demand across its beauty and fashion segments.
Nykaa said its Fashion vertical has begun FY2027 on a significantly stronger note, with Net Sales Value growth expected to be in the mid-fifties, marking a sharp acceleration compared with previous quarters.
The company attributed the strong performance to continued improvements in the conversion of Gross Merchandise Value into Net Sales Value, aided by a reduction in operational leakages and enhanced execution across the business.
The beauty and personal care segment is also expected to maintain healthy growth during the quarter, supported by resilient consumer demand, continued premiumisation and the company's expanding omnichannel presence.
Nykaa said the strong start to the financial year reflects improving operational efficiencies and sustained momentum across its key business verticals. The accelerated growth in its fashion business is expected to play a significant role in driving the company's overall financial performance in the coming quarters.