Nykaa Q1 FY2027 revenue update shows strong growth acceleration
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Nykaa shared a provisional Q1 FY2027 revenue update. Consolidated GMV and NSV growth expected in early thirties YoY, with net revenue growth accelerating to near thirties. Beauty vertical NSV and revenue growth seen 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 net revenue near fifties, driven by brand expansion and the Nike partnership. Figures are provisional, unaudited, and not formal guidance.
Strong start to FY2027 with broad-based acceleration across verticals. Fashion pickup and Beauty momentum signal robust quarterly performance ahead of results.