Nykaa Share Price Fell ~3%: Anticipates Revenue Growth in FY25

On April 7, 2025, Nykaa share price dropped ~3%, reaching a day low of 160.05 at 09:35 AM. The fall in Nykaa share price follows the release of the Q4FY25 business update.

Anticipates Revenue Growth in FY25

During Q4FY25, Nykaa (FSN E-Commerce Ventures Limited and its subsidiaries) continued its growth trajectory with consolidated net revenue growth expected to be in the low to mid-20s YoY. As a result, Nykaa expects its full FY2025 revenue growth to be in the mid-20s, demonstrating consistent growth across all quarters of the fiscal year.

Beauty Vertical to Outperform Industry

The GMV growth for the Beauty vertical is anticipated to significantly outperform the industry, reaching the low 30s. Nykaa’s Beauty vertical has maintained its solid momentum, with net revenue growth in the mid-20s. Key drivers of this strong performance include:

• Investments in customer acquisition over recent quarters, leading to steady order volume growth.
• Robust retail performance, driven by same-store sales growth (SSSG) and the rapid expansion of the retail network, with 19 new stores opened in Q4 FY2025.
• The growing success of the House of Nykaa is fueled by strong performances from both homegrown and acquired brands.

Fashion Vertical Performance

The GMV growth for the Fashion vertical is projected to be in the high teens, with a sequential improvement in the core platform business. However, net revenue growth is expected to be lower due to the underperformance of Nykaa Fashion-owned brands and reduced content-related activity in Q4 FY2025, which typically peaks in Q3.

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