Consolidated net revenue is expected to rise in the high twenties, marking the company’s fastest growth in the past 12 quarters, driven by sharp acceleration in the fashion vertical and sustained strength in the beauty business.

For FY26, NSV growth is likely to improve to the high twenties, up from mid-twenties over the past two years. Net revenue is projected at the upper-mid twenties, reflecting steady performance across segments.

The beauty vertical continued its strong momentum, with GMV, NSV, and net revenue growth in the high twenties. Strong conversion metrics, omnichannel execution, and accelerated growth in House of Nykaa supported overall performance.

Nykaa recorded its highest-ever quarterly retail expansion, adding 26 new stores and integrating 11 Kiehl’s outlets in Q4, taking the total store count to 313 as of 31 March 2026.

The fashion vertical showed sharp recovery, with GMV growth in the high twenties and NSV growth in the low forties. Net revenue growth in the segment improved to the high thirties, driven by better platform traction, robust customer acquisition, and an expanding brand portfolio. Strategic initiatives, including the Nike partnership and Pink Love Sale, further supported growth.

The company noted that geopolitical developments in West Asia had no material impact during the quarter, with the Middle East contributing less than 1% to overall revenue.

The quarter’s performance underscores Nykaa’s strengthening growth trajectory, supported by balanced momentum across beauty and fashion segments.

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.

The company’s consolidated net profit climbed surged 142.38% to Rs 63.31 crore on 26.73% increase in revenue from operations to Rs 2873.26 crore in Q3 FY26 over Q3 FY25.