Nykaa Forecasts Robust Q1 FY26 Revenue Growth Despite Challenges
Nykaa, the leading fashion and beauty retailer, anticipates its consolidated net revenue .
Nykaa, the leading fashion and beauty retailer, anticipates its consolidated net revenue for Q1 FY26 (April-June) to grow at the lower end of the mid-20s percentage range year-on-year, driven by strong performances across its diverse business segments, according to a regulatory filing by its parent company, FSN E-Commerce Ventures Ltd.
Despite geopolitical tensions dampening consumer sentiment during its flagship sale, Nykaa’s Beauty vertical is expected to achieve Gross Merchandise Value (GMV) growth in the higher mid-20s. The company reported that its e-commerce platform, physical retail stores, eB2B distribution, and House of Nykaa brands all contributed to this resilience. “Consolidated net revenue growth is expected to be at the lower end of mid-twenties, with GMV growth crossing mid-twenties, reflecting sustained momentum,” the filing stated.
Nykaa’s Fashion vertical also showed improvement, projecting GMV growth in the mid-20s, fueled by an expanding product assortment and strong customer acquisition. However, its net revenue growth is expected to trail at the mid-teens, a sequential improvement but lower than GMV growth.
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The company’s Q4 FY25 results provide context for its optimism, with a consolidated net profit soaring over three-fold to Rs 20.28 crore and operational revenue rising 23.6% to Rs 2,061.76 crore compared to Rs 1,667.98 crore in Q4 FY24.
Nykaa’s ability to navigate external challenges while sustaining growth across its beauty and fashion segments underscores its strong market position and strategic focus on omnichannel expansion.
