Nykaa Q1 FY26: Beauty and Fashion Drive Double-Digit Growth Despite Sale Disruptions
By Shishta Dutta | Published at: Jul 7, 2025 01:16 PM IST
Mumbai, July 7, 2025 – FSN E-Commerce Ventures Ltd (NSE: NYKAA) reported robust provisional performance for Q1 FY26, led by double-digit growth across both its Beauty and Fashion verticals. The company expects consolidated net revenue growth at the lower end of the mid-twenties YoY range, while gross merchandise value (GMV) growth is estimated to cross the mid-twenties mark.
Strong Momentum Across Segments
Nykaa’s Beauty vertical posted GMV growth in the higher end of the mid-twenties. Revenue from this vertical is also expected to grow in the mid-twenties YoY, reflecting steady momentum across:
- Ecommerce platform
- Offline retail stores
- eB2B distribution
- House of Nykaa brands
The House of Nykaa portfolio, including both organic and acquired brands. This includes Nykaa Cosmetics, Dot & Key, and Kay Beauty, continued its accelerated growth trajectory. On the Fashion front, Nykaa reported a notable improvement, with GMV growth pegged at mid-twenties YoY, driven by:
- Improved traction on its core platform
- Broader product assortment
- Strong customer acquisition
While the GMV performance in Fashion was strong, revenue growth lagged slightly, improving sequentially to mid-teens YoY.
Share Performance & Market Snapshot
| Metric | Value |
|---|---|
| Share Price | ₹200.88 (+1.34%) (As of 1:38 PM IST, July 7, 2025) |
| Previous Close | ₹198.23 |
| Day’s High / Low | ₹203.13 / ₹199.31 |
| VWAP | ₹201.19 |
| 52-Week High | ₹229.80 (Aug 23, 2024) |
| 52-Week Low | ₹154.90 (Mar 4, 2025) |
| Total Market Cap | ₹58,000.45 Cr |
| Free Float Market Cap | ₹27,574.13 Cr |
| Traded Volume (Shares) | 76.72 Lakh |
| Traded Value | ₹154.35 Cr |
| Adjusted P/E | 769.09 |
Management Commentary
Though no direct commentary was provided in this update, Nykaa highlighted that the first quarter of FY26 began on a positive note, and reiterated confidence in its growth trajectory across both key segments.
Company Outlook
Nykaa is steadily building on its growth momentum by expanding across both online and offline channels. The company’s omnichannel strategy is showing results, as it continues to broaden its reach and elevate the customer experience.
- Nykaa now operates 237 physical stores across India
- It serves a customer base of over 42 million, reflecting the scale of its brand appeal.
- Nykaa is expanding its private label portfolio. By introducing new in-house products to meet evolving consumer preferences.
- At the same time, it is strengthening its market position through strategic partnerships with global brands such as Charlotte Tilbury, Elf Cosmetics, and Foot Locker.
- Nykaa’s Global Store initiative is helping it bring more international beauty and fashion offerings to Indian consumers.
Together, these efforts are positioning Nykaa as a leading force in India’s beauty and fashion retail landscape, blending innovation, scale, and brand strength.
FSN E-Commerce Ventures Stock Performance
As of 1:38 PM IST, FSN E-Commerce Ventures shares have gained 1.34% trading at ₹200.88 on July 7, 2025. FSN E-Commerce Ventures shares gained 13% in the last year, 21.44% in the year-to-date, and dipped 1.01% in the past month.
REF:https://nsearchives.nseindia.com/corporate/NYKAA_06072025174614_NykaaQ1FY26Revenueupdate.pdf
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