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(08 Jul 2024, 12:05)

Nykaa expects revenue growth around 22 to 23% YoY in Q1 FY25

FSN E-Commerce Ventures (Nykaa) said that it expects a consolidated revenue growth to be around 22-23% YoY in Q1 FY25.

The company has expected gross merchandise value (GMV) growth for the quarter to be in the mid-twenties (on a YoY basis).

On segmental front, the company’s beauty vertical revenue growth for the quarter is expected to be around 22-23% YoY. GMV growth is expected to be higher, in the high twenties YoY, in line with long-term BPC (Beauty & Personal Care) industry growth-trajectory. This is despite relatively slower growth in our physical retail business which was impacted by elections as well as heatwaves across North India.

The company said that the fashion vertical revenue is also expected to deliver a healthy performance, with revenue growth of around 20% YoY. GMV growth for the fashion segment is anticipated to be lower at mid-teens YoY. This reflects the ongoing challenges face...

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