Nykaa ready & steady for strong 22-23% YoY Revenue Growth in Q1 FY25
FSN E-Commerce Ventures Ltd, which claims beauty and fashion stage Nykaa has projected a vigorous income development of roughly 22-23% year-over-year for the first quarter of FY2025. Additionally, the consolidated entity anticipates a year-over-year increase in its Gross Merchandise Value (GMV) in the mid-twenties.
Nykaa will introduce vertical-wise segmental reporting beginning this quarter. The Nykaa Man beauty and personal care (BPC) business, the eB2B distribution company "Superstore by Nykaa," and the online beauty platform Nykaa will all be part of the Beauty segment.
The Nykaa Fashion platform, its owned fashion brands, the content platform LBB, and the Nykaa Man lifestyle business will all be part of the Fashion segment.
It is anticipated that the overall company will expand at a rate of between 2 and 23 percent year over year as the Beauty vertical grows in revenue. Given the BPC industry's long-term growth trajectory, GMV growth for this segment is anticipated to be in the high twenties year over year.
Expressing on this, Nykaa says, "Our Beauty vertical revenue growth for the quarter is expected to be around 22-23% YoY, similar to the consolidated entity’s revenue growth. GMV growth is expected to be higher, in the high twenties YoY, in line with long-term BPC (Beauty & Personal Care) industry growth-trajectory”.
Further Nykaa added, "The overall Fashion industry in India continues to face challenges with a muted demand environment. The growth was further impacted in this seasonally weak quarter due to limited weddings and festivities”.
