Fashion and charm seller Nykaa expects its combined net revenue for the very first quarter of FY26 to grow at the lower end of the mid-20s portion variety year-on-year on account of a strong performance throughout all company segments, its parent FSN E-Commerce Ventures Ltd said in a regulatory filing.
Geo-political tensions led to a softer sentiment throughout the companys flagship sale during the April-June quarter, causing loss of business .
Regardless of this, Nykaas Beauty vertical is expected to provide GMV development in the greater mid-twenties, the business stated.
Nykaa (FSN E-Commerce Ventures Ltd, together with its subsidiaries) started FY26 on an excellent note, with Q1FY26s consolidated net income growth is anticipated to be at the lower end of mid-twenties.
Gross Merchandise Value (GMV) growth is expected to be greater, crossing mid-twenties, suggesting consistent momentum over numerous quarters, it said.The development comes on account of strong efficiency across all sections, consisting of the e-commerce platform, physical stores, eB2B circulation, and the House of Nykaa brands, it included.
Nykaas style vertical is predicted to make improvements and deliver a GMV development in the mid-twenties.
Live Events This performance was driven by enhancing traction in the core platform business, supported by an expanding variety and robust client acquisition.
Style verticals net revenue development is anticipated to improve sequentially to mid-teens, though lower than the GMV development, the business said.
FSN E-Commerce Ventures Ltd reported over a three-fold increase in consolidated net revenue to Rs 20.28 crore in the January-March quarter.Revenue from operations was 23.6 per cent higher at Rs 2,061.76 crore in Q4 FY25, versus Rs 1,667.98 crore a year earlier.
PTI