Nykaa eyes Q1 revenue growth in mid-20s, driven by broad-based segment strength

Fashion and beauty retailer Nykaa expects its consolidated net revenue for the first quarter of FY26 to grow at the lower end of the mid-20s percentage range year-on-year on account of a strong performance across all business segments, its parent FSN E-Commerce Ventures Ltd said in a regulatory filing.

Geo-political tensions led to a softer sentiment during the company’s flagship sale during the April-June quarter, causing “loss of business”. Despite this, Nykaa’s Beauty vertical is expected to deliver GMV growth in the higher mid-twenties, the company said.