Nykaa forecasts fastest quarterly revenue growth in three years

THE WHAT? Nykaa expects its fastest quarterly revenue growth in three years, projecting strong performance for the fourth quarter of fiscal 2026.

THE DETAILS The Indian beauty and fashion retailer forecasts net revenue growth in the late-20% range, supported by improved fashion sales and steady demand in its beauty segment. Consolidated gross merchandise value (GMV) is also expected to rise in the late-20% range, while net sales value (NSV) is projected to grow in the early-30% range. Nykaa’s beauty division is set to deliver late-20% growth, while its fashion segment—currently undergoing a recovery—is expected to see GMV growth in the late-20% range and NSV growth in the early-40% range. For the full fiscal year, the company anticipates revenue growth towards the upper end of the mid-20% range. Nykaa also noted minimal exposure to the Middle East, with no significant impact from ongoing regional tensions.

THE WHY? The strong outlook reflects a rebound in the fashion segment alongside continued resilience in beauty, positioning Nykaa to accelerate growth as consumer demand strengthens across categories.

Source: Reuters