Nykaa Q2 update: Consolidated net revenue growth seen in late twenties, GMV in high twenties
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓FSN E-Commerce Ventures Ltd said on October 4 that Nykaa expects consolidated net revenue growth in the late twenties for the September quarter.
- ✓The company added 14 new stores, reaching 338 total outlets.
- ✓Growth remains strong across Beauty and Fashion verticals, even as some festive sales shifted into the third quarter.
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- cnbctv18
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- India Economy
FSN E-Commerce Ventures Ltd, which operates Nykaa, on Sunday (October 4) said consolidated net revenue growth for the September quarter is expected to be in the late twenties year-on-year, while consolidated gross merchandise value (GMV) growth is expected to be close to the high twenties.
Net sales value (NSV) growth is expected to be in the early thirties, with growth across both its Beauty and Fashion verticals.
"NSV growth is expected to be higher in the early thirties. The business strengthened across both verticals, supported by the increasing scale of the Fashion vertical and steady growth in the Beauty vertical.
With this, the Consolidated Net Revenue growth is expected to be in the late twenties, marking yet another quarter of solid growth for Nykaa," according to a stock exchange filing.
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