Nykaa expects consolidated GMV growth at high-20% level for Q4 of FY26

Online beauty and fashion platform Nykaa's parent FSN E-Commerce Ventures said on Monday that its consolidated GMV (gross merchandise value) growth is expected to be in the “late twenties” in the March quarter of FY26 and net revenue growth for the year is expected to come in at the upper end of the “mid-twenties”.

This growth has come on the back of acceleration in the fashion segment and the strong performance of the beauty vertical, the company said in a filing with stock exchanges.

The beauty and fashion verticals are both expected to deliver strong individual results in Q4. Nykaa Beauty, the platform’s biggest revenue generator, is expected to deliver growth in the “late twenties” in the March quarter. Similarly, Nykaa Fashion, which has shown steady growth since the beginning of FY26, is expected to increase momentum.


In the fourth quarter, Nykaa added 26 new stores and 11 store integrations with the American cosmetics brand Kiehl. This took the total store count of the company to 313 as of March 31.

“Omnichannel performance remained strong and House of Nykaa continued to grow faster, scaling well and contributing meaningfully to overall performance,” the company said in the filing.

Meanwhile, ET reported on Monday that Nykaa is in talks to acquire majority stakes in actress Deepika Padukone's premium skincare brand 82°E to expand its House of Nykaa portfolio.

Nykaa and Padukone already have an existing endorsement partnership. Last September, the beauty platform announced the actress would be the global brand ambassador for its signature campaigns such as Pink Friday Sale and Nykaaland.

The company's shares surged as much as 3.9% to Rs 255.50 during Monday’s trading session following the quarterly revenue update.