The company indicated that this performance highlights a resurgence in its Fashion segment since the beginning of the financial year, along with sustained strong momentum in the Beauty division.
Consequently, Nykaa anticipates that consolidated net revenue growth will reach the upper end of the mid-twenties, reflecting a slight acceleration from the mid-twenties growth maintained over recent quarters.
The Beauty sector is projected to achieve accelerated NSV growth in the late twenties, representing the highest performance over the last six quarters. This coincides with a seasonally strong period, making it the largest quarter thus far in terms of absolute figures. Growth was widespread across Nykaa’s beauty offerings.
The company credited the impressive performance to the success of House of Nykaa brands, the effectiveness of the Pink Friday sale, and strong new customer acquisition. As a result, net revenue growth for the Beauty sector is expected to be at the upper end of the mid-twenties.
Meanwhile, the Fashion segment is forecasted to maintain its recovery, with NSV growth in the mid-twenties for Q3 FY26. This growth is attributed to the robust performance of the core platform, the addition of new brands, and healthy customer acquisition.
However, net revenue growth for the Fashion segment is expected to fall within the late teens, lower than NSV growth due to lessened content and marketing income, along with ongoing channel optimization for fashion-owned brands.
Shares of Nykaa closed 0.53% lower on Friday at ₹264.35. The stock has appreciated by 54% over the past year.
