Nykaa guides to ~30% Q1 FY27 revenue growth as fashion recovers
FSN E-Commerce expects near-30% net revenue growth in Q1 FY27, led by fashion NSV up ~55% and steady beauty in the late twenties. GMV rose in the early thirties YoY; retail grew ~15%. Store count climbed to 324, with House of Nykaa brands and the Nike partnership adding momentum.
Nykaa's parent FSN E-Commerce expects ~30% Q1 FY27 net revenue growth, driven by fashion recovery (NSV ~55%) and steady beauty. Store count rose to 324; House of Nykaa brands and Nike partnership showed strong momentum.