Nykaa, India’s leading beauty and fashion e-commerce platform, has projected a robust performance for the third quarter of FY2025, anticipating consolidated net revenue growth to exceed the mid-twenties percentage mark. The company made the announcement in an exchange filing on January 5, signaling a promising outlook for the business in the upcoming quarter.
The beauty business, which has long been Nykaa’s core segment, is expected to see a strong growth trajectory, with Gross Merchandise Value (GMV) anticipated to increase by approximately 30%. This surge is driven by continued demand for beauty products and the company’s expanding product offerings, as it strengthens its position as a key player in India’s beauty e-commerce space.
Meanwhile, Nykaa’s fashion vertical is also expected to contribute significantly to the company’s overall performance, with projected net revenue growth of around 20%. The fashion segment, which has gained traction in recent years, continues to capture the attention of consumers with its diverse range of clothing, accessories, and lifestyle products.
The positive projections are reflective of Nykaa’s ongoing focus on expanding its product portfolio, enhancing customer experience, and leveraging its online platforms for growth. The company has made substantial investments in improving its supply chain, strengthening its technology infrastructure, and scaling up marketing efforts to drive consumer engagement.
Following the announcement, Nykaa’s shares initially saw an uptick, but later pared some of the gains. As of the last traded session, the stock was priced at INR 174.80 per share, with a market capitalization of INR 49,975 crore. Despite the slight pullback, the company’s stock remains firmly positioned in the market, reflecting investor confidence in its future prospects.
Nykaa’s optimistic outlook for Q3 FY2025 is in line with its long-term strategy to continue dominating the Indian e-commerce space in both beauty and fashion, making it one of the most exciting and resilient players in India’s rapidly growing online retail sector. With strong growth anticipated in key business segments, Nykaa is poised to maintain its upward momentum and drive continued value creation for its shareholders in the upcoming quarters.
