Nykaa expects consolidated revenue to increase 22-23% in Apr-Jun quarter

FSN E-Commerce Ventures, the parent company of Nykaa, on Sunday forecast a year-on-year consolidated revenue growth of around 22-23 per cent in the first quarter of 2024-25 (FY25) with a matching growth momentum for beauty vertical but flagged "muted" demand environment in the fashion industry.

In a BSE filing on its quarterly revenue update for the April-June quarter of FY25, the company said for the consolidated entity, the GMV (Gross Merchandise Value) growth for the quarter is seen to be in the mid-20s year-on-year.

FSN E-Commerce Ventures also informed that it is commencing vertical-wise segmental reporting, beginning this quarter.

"Nykaa - FSN E-Commerce Ventures Limited along with its subsidiaries, that is the consolidated entity expects its revenue growth to be around 22-23 per cent YoY in Q1 FY2025," the company said.

The Beauty vertical revenue growth for the quarter is expected to be around 22-23 per cent YoY, similar to the consolidated entity's revenue growth.

"GMV gr