Nykaa, a retailer of fashion and beauty products, stated that it anticipated net revenue growth in the third quarter to surpass mid-twenties, with a robust performance in the beauty vertical, despite the fashion segment’s sustained low demand.
In an exchange filing, the business stated that the expected growth in revenue was more than the growth in gross merchandise value (GMV), showing a good trend in the conversion of GMV to net revenue.
While net sales value is anticipated to trend in the low to mid-teens due to robust growth in content, marketing, and service-related revenue, Nykaa’s fashion vertical is anticipated to have a 20 per cent increase in net revenue.
The filing stated that while online fashion demand remains subdued, there is still optimism about the long-term growth potential.
