Recently Nykaa comes in highlights when it projects a robust revenue growth of 22-23% for the first quarter of FY25.

This anticipated growth mirrors the previous year’s performance and showcases the company's steady expansion in the beauty sector.

Beauty Vertical's Consistent Performance

The beauty vertical of Nykaa is expected to continue its strong performance, contributing significantly to the overall revenue growth.

The projected 22-23% year-over-year (YoY) growth in this segment is indicative of Nykaa's strong market presence and customer loyalty.

By focusing on quality products and excellent customer service, Nykaa has managed to retain and expand its customer base.

Gross Merchandise Value (GMV) on the Rise

Nykaa anticipates its Gross Merchandise Value (GMV) to rise in the mid-twenties percentage range year-over-year.

This growth in GMV reflects the company's successful strategies in marketing, customer engagement, and inventory management.

The increase in GMV is a positive sign of the company's operational efficiency and market penetration.

Financial Milestones in Q3 FY24

In Q3 FY24, Nykaa's net profit soared to INR 17.4 crore, doubling from INR 8.5 crore in the previous year.

This impressive profit growth was bolstered by the strong performance of Nykaa's fashion business.

The fashion vertical has shown remarkable growth, contributing significantly to the overall profitability of the company.

Strong Fashion Business Growth

The fashion segment of Nykaa has become a critical driver of the company's overall growth.

By diversifying its product range and enhancing its fashion offerings, Nykaa has attracted a broader customer base.

The fashion business's growth has been instrumental in doubling the company's net profit, highlighting the success of Nykaa's strategic initiatives.

Author Opinion

In summary, Nykaa projects revenue growth of 22-23% in Q1 FY25 underscores the company's robust performance in the beauty and fashion sectors.

With a significant rise in GMV and remarkable profit growth in Q3 FY24, Nykaa continues to solidify its position as a leading player in the e-commerce industry.

The company's strategic focus on customer satisfaction, product quality, and market expansion ensures its continued success in the coming quarters.