FSN E-Commerce Ventures, the parent of beauty and fashion retailer Nykaa, said it expects its consolidated net revenue to grow nearly 30% in the June quarter from a year earlier, helped by stronger performance in its fashion business and steady momentum in beauty.
The company, in a voluntary quarterly update filed with the stock exchanges on Sunday, said consolidated gross merchandise value (GMV) and net sales value growth for Q1 FY27 are expected to be in the early thirties on a year-on-year (YoY) basis. The update is provisional and subject to review by the company’s statutory auditors.
