Nykaa expects broad-based acceleration in Q4

FSN E-Commerce Ventures, which operates Nykaa, said it expects fourth-quarter growth accelerating across key metrics, supported by a recovery in its fashion business and steady momentum in beauty, in a quarterly update filed with the exchanges.

The company said consolidated gross merchandise value (GMV) is likely to grow in the late twenties year-on-year, while net sales value (NSV) is seen expanding in the early thirties. Net revenue growth is also expected in the late twenties, marking the fastest pace in 12 quarters.