The parent company of fashion and beauty retailer Nykaa, FSN E-Commerce Ventures Limited, anticipates that its March-quarter consolidated net revenue would continue to grow at a rate of between low and mid-20 per cent compared to the same period last year.
The Mumbai-based business stated in a regulatory statement on 6th April that sales growth for the fiscal year that ended in March is similarly anticipated to be in the mid-20 per cent range, based on preliminary statistics released prior to its audited results.
With gross merchandise value (GMV) predicted to have increased in the low 30 per cent range, ahead of general industry trends, the beauty category continued to be the company’s key growth engine.
In contrast, it is anticipated that the fashion vertical would experience growth in GMV during the high teens. Nonetheless, the segment’s net revenue growth was restrained because of the poorer performance of Nykaa Fashion-owned brands and a decrease in content-driven activity in Q4, which usually experiences a seasonal downturn after the third quarter’s holiday focus.
Across five consumer segments- women, men, kids, tech, and home, Nykaa Fashion offers more than 1.8 million products from 1,500+ companies. It provides a variety of luxury brands, well-known national brands, global names, and up-and-coming labels and designers.
