Nykaa Expects Mid-Twenties Revenue Growth In Q2 FY26

Beauty and fashion ecommerce major Nykaa expects its revenue growth to be in mid-twenties in the second quarter of FY26, as both its verticals saw strong growth.

In its quarterly business update, Nykaa said it saw an accelerated growth momentum in the September quarter and expects its consolidated gross merchandise value (GMV) growth to be “close to thirties”.

The beauty segment’s net sales value (NSV) and net revenue are seen growing in mid-twenties, while the fashion vertical’s NSV growth is expected to be in higher mid-twenties.

The company said that the fashion vertical’s growth came on the back of strong traction in core platform business, which was led by expanding brand assortment and robust customer acquisition.

Further, it forecasted the fashion vertical’s net revenue growth to improve to low-twenties from low to mid-teens in the past few quarters. Nykaa attributed the lower net revenue growth in comparison to its NSV to lag in advertising and marketing income.

Shares of the company were up 2.5% at INR 245.85 on the BSE as of 09:50.

In Q1 FY26, the Falguni Nayar-led company’s consolidated net profit surged 80% to INR 24.5 Cr from INR 13.6 Cr in the year-ago period. Operating revenue rose over 23% to INR 2,154.9 Cr from INR 1,746.1 Cr in Q1 FY25.

(The story will be updated soon)

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