nykaa: Nykaa projects mid-20% net revenue growth in Q2 due to early festive season

FSN E-Commerce, the parent of online beauty and fashion retailer Nykaa, said that its consolidated net revenue growth in the September quarter is expected to be at the mid-20% level due to the early start to the festive season.

In addition, the company’s consolidated gross merchandise value (GMV) is expected to be close to 30% in the second quarter of FY26 as against the mid-20% growth it saw in the last few quarters. “This superior performance is driven by renewed growth in the fashion vertical and healthy performance of beauty vertical,” the…