India's Nykaa sees fastest quarterly revenue growth in 3 years (updated)

Fsn E-Commerce Ventures

06/04/2026 06:27

Adds full year forecast and division performance details

April 6 (Reuters) - Indian fashion-to-beauty retailer Nykaa FSNE.NS said on Monday it expects net revenue to grow in the late-20% range in the fourth quarter of fiscal 2026, its fastest in three years, led by improved fashion sales and steady demand in its beauty segment.

Shares rose as much as 3.9% to a more than three-week high.

Here are more details:

The retailer said fourth-quarter consolidated net sales value (NSV) is expected grow in the early-30% range, while consolidated gross merchandise value (GMV) - the total monetary value of goods or services sold through the platform - is forecast to rise in the late-20% range.

Nykaa's beauty business is expected to post growth in the late-20% range in the quarter, supported by improvement across categories.

The fashion segment, which has seen a steady revival since the start of fiscal 2026, is expected to strengthen further in the fourth quarter.

The company forecast late-20% GMV growth for the fashion vertical, with NSV growth tracking higher in the early-40% range.

For the full fiscal year, Nykaa expects net revenue to improve towards the upper end of the mid-20% range.

The retailer's Middle East exposure stands at below 1% of overall revenue and the company has not seen any material impact from the ongoing conflict.

 (Reporting by Urvi Dugar in Bengaluru; Editing by Sumana Nandy)

 ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))