Nykaa's Beauty Sales Soar to 6-Quarter High

FSN E-Commerce Ventures, the parent company of beauty and fashion retailer Nykaa, projects its consolidated net revenue for the December quarter to be at the upper end of the mid-twenties year-on-year. This growth is significantly bolstered by the ongoing momentum in its beauty business, which is expected to report its highest Net Sales Value (NSV) growth in six quarters. The December quarter marked the largest absolute scale for Nykaa's beauty segment.

The fashion business, however, exhibits a more moderate performance compared to the beauty segment. Its NSV growth is anticipated in the mid-twenties, with net revenue growth remaining in the late teens for the quarter. This discrepancy is attributed to subdued content and marketing income, alongside ongoing channel optimization for its fashion-owned brands.

Nykaa's rapid delivery service, Nykaa Now, currently operates in seven major cities, including Mumbai, Delhi, and Bengaluru, servicing orders through 53 stores. The company noted that this provisional update is subject to audit. The overall performance indicates a positive trajectory, driven by strategic sales events and strong consumer demand in the beauty category.