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The GMV growth for beauty vertical is expected to remain significantly ahead of the industry at low thirties. Some of the drivers for this superior growth includes, investments in customer acquisition over the past several quarters leading to consistent order volume growth, strong retail performance supported by same store sales growth (SSSG) as well as accelerated expansion of the retail network with 19 stores rolled out in Q4 FY2025.
The firm’s beauty vertical has thus maintained its robust momentum from previous quarters with net revenue growth in mid‐twenties.
The GMV growth for fashion vertical is expected to be in high teens, with sequential improvement in core platform business. The Net Revenue growth is expected to be lower due to muted performance of Nykaa Fashion owned brands and lower content related activity in Q4 FY2025, which typically peaks in the third quarter.
FSN E-Commerce Ventures (Nykaa) journey began in 2012 as a digital‐first, consumer‐tech beauty company. It has expanded its offerings to include fashion and B2B, launching platforms such as Nykaa Fashion, Nykaa Man, and Nykaa Superstore. It has also expanded into the Middle East through its omnichannel beauty offering ‘Nysaa’.
The company’s consolidated net profit jumped 61.3% to Rs 26.12 crore on 26.7% increase in net sales to Rs 2,267.21 crore in Q3 FY25 over Q3 FY24.
The counter fell 2.46% to Rs 172.65 on the BSE.
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FSN E-Commerce Ventures (Nykaa) incorporated a wholly owned subsidiary, Nykaa Essentials, for its beauty and personal care business.
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Nykaa Essentials has an authorized share capital of Rs 10 lakh, with a paid-up share capital of Rs 5 lakh. FSN E-Commerce Ventures will hold 100% of the shareholding in the new subsidiary.
The incorporation of Nykaa Essentials does not qualify as a related party transaction, and no promoter or promoter group entity has any interest in the newly established subsidiary.
The official announcement was made on 11 March 2025, after market hours.
Nykaa (FSN E-Commerce) is one of India's leading lifestyle-focused consumer technology platforms. Since its launch, Nykaa has expanded its product categories by introducing online platforms Nykaa Fashion, Nykaa Man, and Superstore. Delivering a comprehensive omnichannel e-commerce experience, Nykaa offers over 6,000 brands through its website and mobile applications.
The company’s consolidated net profit jumped 51.35% to Rs 26.41 crore on a 26.74% increase in revenue from operations to Rs 2,267.21 crore in Q3 FY25 over Q3 FY24.
The counter slipped 2.32% to Rs 162 on the BSE.