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Nykaa Eyes Record Growth in Q4 FY26
6 Apr
Summary
- Nykaa expects highest growth in 12 quarters for Q4 FY26.
- Fashion vertical turnaround drives significant net revenue growth.
- Offline store count reaches 313 with 26 new additions.
FSN E-Commerce Ventures Ltd, the parent company of Nykaa, projects its consolidated net revenue for the fourth quarter of FY26 to experience high 20 per cent year-on-year growth. This anticipated performance marks the highest growth rate recorded over the last 12 quarters. The company's stock saw a 3 per cent surge following this provisional update.
The accelerated growth is attributed to a strong rebound in the fashion vertical, which saw net revenue growth estimated in the late thirties. This improvement is supported by enhanced customer acquisition and strategic partnerships, including with Nike. The core beauty segment also maintained steady momentum, with projected high 20 per cent growth in GMV, NSV, and net revenue.
Nykaa significantly expanded its offline presence, adding 26 new stores and 11 Kiehl's store integrations during the quarter, bringing the total store count to 313. This represents the highest number of quarterly store additions for the company. Despite global geopolitical developments, the impact on Nykaa's business has been negligible, with West Asia contributing less than 1 per cent to total revenue.
