Indian retail company Nykaa said its first quarter of FY27 began with a clear pick-up in growth, with consolidated gross merchandise value (GMV) and net sales value (NSV) projected to rise in the low-30% range.
The business said consolidated net revenue is also expected to increase at close to 30%, pointing to one of its better quarterly performances in recent times
According to Nykaa, the improvement was “driven by an excellent performance of the fashion vertical, along with steady momentum in the beauty vertical, both of which also saw robust customer acquisition”. In beauty, the company expects another solid quarter, with both NSV and net revenue likely to grow in the high-20% range. Nykaa said net revenue in this segment would expand slightly more slowly than NSV because House of Nykaa comprised a larger share of the mix and does not carry any marketing income component.
Even so, the company said overall marketing income across the platform registered strong growth. Nykaa added that its omnichannel beauty operation continued to grow at an accelerated rate, broadly in line with the momentum seen in the final quarter of FY26. Store performance also improved, helped by mid-teen like-for-like growth and further additions to the retail network.