CONNECT WITH US
eCommerce

eCommerce

Nykaa expects net revenue growth in late twenties in Q2

ET Retail – Ecommerce logo

Published on

Add as a preferred source on Google
Nykaa expects net revenue growth in late twenties in Q2

Nykaa said fashion was a faster-growing vertical, with NSV expected to grow in the late forties and net revenue in the early forties. Nykaa said more than 250 brands were added during the quarter and that its partnership with Nike continued to see "encouraging early traction," supported by exclusive drops.

Nykaa , the beauty and fashion retailer run by FSN E-Commerce Ventures , said in a filing on Sunday that it expects consolidated net revenue growth in the late twenties in the second quarter of FY27. The company said consolidated gross merchandise value (GMV) growth is expected to be close to the thirties, while net sales value (NSV) growth should be in the early thirties. NSV refers to net sales value after returns, taxes, discounts and cancellations. The company said fashion was a faster-growing vertical, with NSV expected to grow in the late forties and net revenue in the early forties. Nykaa said more than 250 brands were added during the quarter and that its partnership with Nike continued to see "encouraging early traction," supported by exclusive drops. Advt

Beauty, the larger business, is expected to post NSV and net revenue growth in the late twenties. Nykaa added 14 net new stores in the quarter, taking its total to 338 as of September 30. Like-for-like store sales growth was in the early twenties, the highest in six quarters. House of Nykaa, its in-house brand portfolio, grew faster than the overall Beauty vertical. The company said a larger part of the festive season falls in the third quarter this year, shifting some festive-led growth from Q2 to Q3.


Source link
Related Topics:eCommerce

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.