Nykaa parent FSN eyes ~30% Q1FY27 revenue growth as fashion rebounds sharply
FSN E-Commerce expects Q1FY27 net sales up ~30%, led by a fashion NSV surge in the mid-fifties percent and steady late-twenties beauty growth. Early gains from the Nike tie-up and a 324-store footprint underpin the guidance after FY revenue crossed ₹10,000 crore (+26%).
Nykaa's parent FSN E-Commerce expects ~30% Q1FY27 net sales growth, driven by a fashion rebound (NSV up mid-fifties percent) and steady beauty growth. Nike partnership shows early results; store count reached 324.
Why this matters
The guidance reinforces Nykaa's fashion push alongside beauty expansion, following its Kiehl's India takeover under L'Oréal Luxe and its lead in India's fast-growing retail-tech pack.
Retail-company signals accelerating, up 568900% QoQ.