In the opening trade on January 8, shares of FSN E-commerce, the parent company of Nykaa, witnessed a 3.5 percent rise following a favorable business update for the quarter. FSN E-commerce reported consistent growth across its three business verticals in the December quarter, despite facing short-term pressures on discretionary consumption.
Nykaa anticipates mid-20s Gross Merchandise Value (GMV) growth in its Beauty and Personal Care (BPC) vertical for the October-December period, with Net Sales Value (NSV) growth estimated around 20 percent year-on-year. The company highlighted that healthy and consistent order volume growth reflects robust customer demand, even though brand-led pricing and discounting in mass and masstige categories contribute to the difference between GMV and NSV growth.
While BPC growth outpaced the industry average, Nykaa expects industry growth to return to the median in the near to mid-term, considering the strong macroeconomic and demographic outlook. The combined NSV for all BPC businesses is projected to grow at a low to mid-twenties rate on a yearly basis.
In the fashion vertical, Nykaa anticipates around 40 percent GMV growth and low-thirties NSV growth. At the consolidated level, the company foresees mid-twenties NSV growth and low-twenties revenue growth for the quarter. As of 10:05 am, Nykaa’s shares were trading 2.25 percent higher at ₹177.30.
