Nykaa Quarterly Revenue Update - Q1 FY2026

Nykaa (FSN E-Commerce Ventures Limited along with its subsidiaries) started FY26 on a good note, with Q1FY26's Consolidated Net Revenue growth expected to be at the lower end of mid-twenties. GMV growth is expected to be higher, crossing mid-twenties, indicating consistent momentum over several quarters.

Nykaa's Beauty vertical is expected to deliver GMV growth in higher mid-twenties. This was despite disruption on account of geo-political tensions that led to softer sentiment during the Q1's Flagship Sale, causing some loss of business. The strong growth came on the back of solid performance across all businesses including ecommerce platform, retail stores, eB2B distribution and the House of Nykaa brands. House of Nykaa brands continued its accelerated growth trajectory with strong performance of home-grown as well as acquired brands.

As a result, Beauty vertical's Net Revenue is expected to grow in mid-twenties, similar to previous quarters.

Nykaa's Fashion vertical is expected to deliver GMV growth of mid-twenties, marking a strong improvement over the previous quarters. This performance was driven by improving traction in the core platform business, supported by an expanding assortment and robust customer acquisition.

Fashion vertical's Net Revenue growth is expected to improve sequentially to mid-teens, though lower than the GMV growth.

1. All growth numbers are on YoY basis.

2. The above update for the quarter ended 30th June 2025 is provisional, and subject to audit by the Statutory Auditors of the Company.

Shares of FSN E-Commerce Ventures Ltd was last trading in BSE at Rs. 198.20 as compared to the previous close of Rs. 202.25. The total number of shares traded during the day was 273147 in over 3032 trades.

The stock hit an intraday high of Rs. 203.25 and intraday low of 197.80. The net turnover during the day was Rs. 54506190.00.

Source : Equity Bulls

Keywords

FSNECommerceVentures Nykaa Q1FY2026 QuarterlyRevenueUpdate