On Monday, January 6, shares of Nykaa’s parent company, FSN E-Commerce Ventures Limited, surged more than 5% in trading after the company reported a solid quarter ending in December 2024 (Q3FY25). In its quarterly business update released on January 5, FSN E-Commerce Ventures and its subsidiaries stated that they anticipate consolidated net revenue growth to be “higher than mid-20s.” This suggests that sales growth is anticipated to be between greater than 25% and less than 30%..
Nykaa Q3 Result
The company’s Q3 FY25 performance was impressive, and it anticipates consolidated net revenue growth to surpass the mid-twenties. The GMV-to-net revenue translation is showing a positive trend, as this is higher than the consolidated GMV growth during the same period.
With net revenue growth exceeding the mid-20s, the firm claimed that its beauty vertical surged in the December quarter when compared to prior quarters. Given the robust momentum across all of its beauty businesses, including owned brands, retail stores, e-commerce platforms, and eB2B distribution, it anticipates GMV growth for the beauty industry to be in the low thirties.
About the Company
One of the top e-commerce sites in India, Nykaa was established in 2012 by Falguni Nayar and specializes in fashion, wellness, and cosmetics. With its main office in Mumbai, Nykaa has made a name for itself as a destination for a variety of products, such as skincare, haircare, makeup, fragrances, grooming tools, and health and wellness supplies.
To improve the buying experience, Nykaa offers special services including a blog on beauty and makeup, a site with professional guidance, a virtual makeover tool, and a dedicated beauty helpline in addition to its wide range of products. Nykaa’s goods are accessible to customers via its mobile app, user-friendly website, and expanding network of more than 100 physical stores around India.