Nykaa signals strong Q1 FY27 growth

Indian retail institution Nykaa said its archetypal 4th of FY27 began with a wide pick-up successful growth, with consolidated gross merchandise worth (GMV) and nett income worth (NSV) projected to emergence successful the low-30% range.

The concern said consolidated nett gross is besides expected to summation astatine adjacent to 30%, pointing to 1 of its amended quarterly performances successful caller times.

According to Nykaa, the betterment was "driven by an fantabulous show of the manner vertical, on with dependable momentum successful the quality vertical, some of which besides saw robust lawsuit acquisition".

In beauty, the institution expects different coagulated quarter, with some NSV and nett gross apt to turn successful the high-20% range.

Nykaa said nett gross successful this conception would grow somewhat much dilatory than NSV due to the fact that House of Nykaa comprised a larger stock of the premix and does not transportation immoderate selling income component.

Even so, the institution said wide selling income crossed the level registered beardown growth.

Nykaa added that its omnichannel quality cognition continued to turn astatine an accelerated rate, broadly successful enactment with the momentum seen successful the last 4th of FY26.

Store show besides improved, helped by mid-teen like-for-like maturation and further additions to the retail network.

As of 30 June 2026, the institution had 324 stores.

The House of Nykaa portfolio maintained accelerated growth, driven by the continued show of Kay Beauty, Nykaa Cosmetics and Dot & Key.

The manner conception recorded a stronger commencement to the year, with NSV maturation expected successful the mid-50% range, a noticeable summation from the gait reported successful earlier quarters.

Nykaa said the manner concern besides continued to amended the question from GMV to NSV, aided by a simplification successful leakages.

The institution linked maturation successful the halfway level to "expanding marque assortment and selling investments implicit the past fewer quarters translating into robust caller lawsuit acquisition. All the large manner categories delivered beardown performance, including women, men, kids and home".

It added that the concern with Nike has shown encouraging archetypal traction, adding enactment to Nykaa Fashion's premium marque positioning.

With this, nett gross maturation successful the manner vertical is expected to emergence to astir 50%, which the institution said would people a multi-quarter high.

Separately, past period Nykaa acceptable retired its FY30 plan, focused connected creating a quality and manner concern with gross merchandise worth of much than $5bn by FY30.

The institution said it is targeting gross maturation of 2 to 3 times and EBITDA [earnings earlier interest, taxes, depreciation and amortisation] maturation of 4 to 5 times by FY30, supported by "disciplined execution, operating leverage and capital-efficient investments".

Nykaa besides said its GMV has grown much than 7 times implicit the past six years.

"Nykaa signals beardown Q1 FY27 maturation " was primitively created and published by Retail Insight Network, a GlobalData owned brand.