Nykaa, operated by FSN E-Commerce Ventures, projects consolidated net revenue growth in the late twenties for the second quarter of fiscal year 2027, according to a company filing. The firm anticipates gross merchandise value (GMV) growth close to the thirties and net sales value (NSV) growth in the early thirties for the same period.
The company highlighted fashion as its fastest-growing vertical, expecting NSV growth in the late forties and net revenue growth in the early forties. Nykaa added over 250 brands during the quarter and reported encouraging early traction in its partnership with Nike, supported by exclusive product drops. Additionally, Nykaa expanded its physical presence by opening 14 new stores, bringing the total to 338 as of September 30.
Nykaa's beauty segment, its larger business vertical, is forecasted to post NSV and net revenue growth in the late twenties. The in-house brand portfolio, House of Nykaa, grew faster than the overall beauty vertical. The company also noted that a larger portion of the festive season falls in the third quarter this year, shifting some expected festive-led growth from Q2 to Q3.
In the June quarter, Nykaa reported a net profit of Rs 80 crore, up from Rs 24 crore a year earlier. Its operating revenue rose 29% year-on-year to Rs 2,782 crore in Q1 FY27, up from Rs 2,155 crore in the previous year, according to economictimes.indiatimes.com.