Nykaa, the popular beauty and fashion e-commerce brand, expects strong growth in the fourth quarter of FY25. The company’s parent firm, FSN E-Commerce Ventures, said that net revenue is likely to grow in the low to mid-20% range compared to the same time last year.

For the full financial year FY25, Nykaa expects similar growth, showing steady performance across all quarters. The beauty segment continues to be the biggest contributor, with gross merchandise value (GMV) expected to grow in the low 30% range—much ahead of the overall industry.

The company credited its growth to several factors, including increased spending on customer acquisition, opening more stores, and strong sales from both its own and acquired brands. In Q4 FY25, Nykaa added 19 new stores to its network.

However, the net revenue growth in Q4 is likely to be lower than Q3. This is because Nykaa’s fashion brands didn’t perform as well, and there was less content-related activity, which usually peaks in the festive season of Q3.

In Q3 FY25, Nykaa saw a big jump of 51.3% in net profit, mainly due to strong festival sales.

Source: Business Standard