Shares of FSN E-Commerce Ventures Ltd., the parent company of Nykaa, surged 3% after the company released its December quarter business update. Nykaa projects net revenue growth surpassing the “mid-twenties,” signaling optimism despite subdued online fashion demand.
The beauty vertical is driving momentum, with Gross Merchandise Value (GMV) growth expected in the “low thirties” and net revenue growth outpacing previous quarters. Nykaa’s eB2B platform, Superstore by Nykaa, now contributes 8% of beauty GMV, serving over 2.6 lakh retailers across 1,100+ cities.
While the Fashion division anticipates net revenue growth of 20%, its Net Sales Value (NSV) growth remains in the low-to-mid-teens. These figures reflect continued investments in content, marketing, and service-driven income.
As of 9:15 AM, Nykaa shares were trading 3.37% higher at Rs 173.55.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
