Nykaa Q1 FY2027 revenue update: Fashion vertical drives sharp acceleration
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Provisional Q1 FY2027 revenue update from Nykaa. Consolidated GMV and NSV growth expected in early thirties, Net Revenue growth near thirties. Beauty vertical NSV and revenue growth in late twenties; store count at 324 with mid-teens like-for-like growth. Fashion vertical showed sharp acceleration with NSV growth in mid-fifties and revenue growth near fifties, a multi-quarter high, driven by brand expansion and the Nike partnership. Numbers are provisional and subject to limited audit review.
Strong start to FY27 with Fashion vertical accelerating sharply. Positive for growth narrative, though figures are provisional and not formal guidance.