Nykaa expects late-twenties revenue growth in Q2
By Abha Lohia ·
- Nykaa, run by FSN E-Commerce Ventures, is a listed Indian retailer selling beauty and fashion products online and through its own stores
- It guided that September quarter net revenue should grow in the late twenties percent, with gross merchandise value close to the high twenties
- Net sales value growth is seen in the early thirties, and the company added 14 net new stores to reach 338
What happened
- Net revenue growth seen in the late twenties percent.
- Gross merchandise value (total sales value) growth near the high twenties.
- Net sales value growth in the early thirties.
- 14 net new stores were added, taking the total to 338.
Why it matters
- Both Beauty and Fashion verticals grew.
- Like-for-like store sales rose in the early twenties, the best in six quarters.
The business
- Nykaa sells beauty and fashion online and offline.
- It is run by FSN E-Commerce Ventures.
- House of Nykaa brands grew faster than the wider beauty business.
In numbers
338Stores · 2026
What happens next
- Full Q2 results will follow.
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