Nykaa Expects Revenue Surge of Nearly 22 to 23% Y-o-Y In Q1 FY25

FSN E-Commerce Ventures (Nykaa) expects consolidated revenue growth of around 22-23% year over year in Q1 FY25. The company expects gross merchandise value growth for the quarter between the twenties.
 

Key Takeaways from FSN E-Commerce Ventures Revenue Expectation

• FSN E-Commerce Ventures (Nykaa) expects consolidated revenue growth of 22-23% year over year in Q1 FY25.
• The gross merchandise value growth for the quarter is expected to be in the mid-twenties.
• The company’s beauty verticals sales growth for the quarter is forecasted between 22-23% on year.
• The fashion vertical revenue is also expected to perform well, with revenue increase of roughly 20% year on year.
• GMV growth in the fashion industry is expected to be lower in the mid-teens year on year. 
   

On the segmental level, the company’s beauty verticals sales growth for the quarter is forecast to be between 22-23% on year. GMV growth is expected to be greater, in the high twenties year on year, consistent with the long-term beauty and personal care sector growth trend. This is despite rather slow development in the company’s physical retail business, which was hampered by elections and heatwaves in North India. 
 

The company said that the fashion vertical revenue is also expected to perform well, with revenue increase of roughly 20% year on year. GMV growth in the fashion industry is expected to be lower, in the mid-teens year on year. This underscores the continued challenges encountered by the Indian fashion sector, defined by a low demand environment. This seasonally weak quarter exacerbated this effect due to fewer weddings and celebrations.
 

The overall fashion business in India continues to confront challenges as demand remains low. A lack of weddings and festivities further hampered the growth in this traditionally weak quarter. Within this context, the company declared in its regulatory filing.
 

About FSN E-Commerce Ventures Limited:

FSN E-Commerce Ventures Limited, popularly known as Nykaa, was founded in 2012 as a digitally native consumer technology company. The company has expanded its products to encompass lifestyle and business-to-business by launching web portals Nykaa Fashion, Nykaa Man, and Superstore. Nykaa has steadily grabbed the hearts of Indian consumers over the years, driving traffic to its online and 187 offline sites (as of March 31, 2024) and fostering devoted communities through engaging and informative content. 
 
With its unwavering commitment to authenticity and customer centricity, Nykaa has become the retailer of choice for international brands entering India. Beauty brands like Kay Beauty, Nykaa Naturals, Nykaa Cosmetics, and Wanderlust, as well as fashion brands like Nykd, Gajra Gang, Likha, RSVP, and Pipa Bella, have become household names due to their consistent delivery of inspiration and high-performing products to consumers. With the help of the company's established supply chain and marketing skills, Nykaa's Global Store, a doorway to the world of coveted international brands, provides a remarkably seamless shopping experience. Nykaa has received numerous awards both domestically and internationally for its contribution to the development of India's beauty and lifestyle retail markets. Nykaa has been recognised as the Consumer Company of the Year by VCCircle Awards and was proudly featured in the TIME100 Most Influential Companies List.

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