Beauty and Personal Care e-commerce company Nykaa, whose shares are listed on the exchanges as FSN E-Commerce Ventures Ltd., surged over 3% after the company expects Q4 net sales value (NSV) and revenue growth to be in the high twenties on a year-on-year basis.
Nykaa claimed growth in the early thirties for its Gross Merchandise Value (GMV) for the January-March quarter. GMV, or gross merchandise value, is the amount of items sold via online retailers before any fees, costs, or taxes are subtracted.
The company anticipates that, like its sales growth, its Net Sales Value would increase by more than 25% annually. The gross sale less returns, allowances, and discounts is referred to as net sales value.
According to Nykaa, robust consumer demand led to a healthy increase in volume, with strong demand coming from important categories including skin care and beauty.
Nykaa’s GMV for the Beauty and Personal Care area is projected to increase by approximately 30% annually, with Net Sales Value growth in the mid-20s. NSV growth is outpacing industry growth.
While industry growth for the Fashion segment remains muted, Nykaa Fashion’s GMV is likely to grow in the high twenties, with NSV growth in the mid-twenties.
GMV for the “others” vertical, comprising mainly of Superstore by Nykaa (an eB2B platform), is expected to be in the mid-sixties, with NSV growth of around 80% year-on-year.
As of 10:30 am the shares were trading 2.85% higher at ₹173.25 on NSE.
