The company attributed this enhanced performance to strong growth in its Fashion segment, combined with ongoing momentum in the Beauty sector, as both areas saw significant customer acquisition.
Beauty Business Sustains Growth
Nykaa indicated that its Beauty segment is projected to achieve another solid quarter, with NSV and net revenue growth anticipated in the late twenties. Although net revenue growth may slightly lag behind NSV growth due to the greater contribution from House of Nykaa brands, the overall marketing income continued to show robust growth.
The omnichannel beauty division maintained the accelerated growth observed in the prior quarter, supported by mid-teen like-for-like growth in retail locations and network expansion. As of June 30, 2026, Nykaa’s total store count reached 324, as per the filing.
The company also reported that its portfolio of owned brands, including Kay Beauty, Nykaa Cosmetics, and Dot & Key, maintained strong traction.
Fashion Growth Picks Up Speed
Nykaa noted that its Fashion segment commenced FY27 on a stronger note, with NSV growth projected in the mid-fifties, indicating a significant acceleration from prior quarters.
The company credited this performance to improved GMV-to-NSV conversion rates, reduced leakages, an expanded brand assortment, and ongoing marketing investments that fostered strong customer acquisition. Growth was seen broadly across women’s, men’s, kids’, and home categories.
Nykaa also mentioned that its partnership with Nike has produced promising early results, enhancing its premium brand appeal.
Consequently, the net revenue growth for the Fashion vertical is expected to reach nearly fifties, marking a multi-quarter high, as stated in the exchange filing.
