BAJAJ BROKING
Nykaa expects a YoY growth of 22-23% in revenue growth for Q1 FY25, with its beauty segment GMV growing in the high twenties YoY. The forecast figures come despite slower physical retail growth and challenges in the fashion industry.
Nykaa's parent company, FSN E-Commerce Ventures Ltd., has announced strong financial projections for the first quarter of fiscal year 2024-25 (FY25). The company anticipates a consolidated revenue growth of approximately 22-23% year-on-year (YoY). This growth momentum is mirrored in Nykaa’s beauty vertical, despite facing challenges in its physical retail and fashion segments.
Nykaa’s beauty vertical, a core component of its business, is set to achieve a robust revenue growth of 22-23% YoY. The segment's Gross Merchandise Value (GMV) is expected to grow significantly, in the high twenties YoY. This performance underscores the long-term growth trajectory of the Beauty & Personal Care (BPC) industry in India.
However, Nykaa's physical retail business experienced slower growth during the quarter, attributed partly to regional factors like elections and heat waves affecting North India.
Explore: Fsn E Commerce Ventures Share Price
In contrast, Nykaa’s fashion vertical faces a more subdued growth outlook. The segment is projected to achieve a revenue growth of around 20% YoY, reflecting challenges within the broader fashion industry.
The demand environment remained muted, exacerbated by seasonal factors such as fewer weddings and festivities during this period. GMV growth for the fashion segment is expected to be in the mid-teens YoY, indicating a more moderate performance compared to the beauty segment.
FSN E-Commerce Ventures Ltd. highlighted that beginning this quarter, Nykaa will adopt vertical-wise segmental reporting. The Beauty segment comprises Nykaa's online beauty platform, owned beauty brands, physical stores, the eB2B distribution business 'Superstore by Nykaa,' and Nykaa Man's BPC business.
On the other hand, the Fashion segment includes the Nykaa Fashion platform, owned fashion brands, the content platform LBB, and Nykaa Man's lifestyle business.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
UPS vs NPS vs OPS: Comprehensive Pension Guide (2024)
05 Oct, 2024 | 1 Min. read
SEBI's Revolutionary Ideas Restructure Stock Market
05 Oct, 2024 | 5 Min. read
Guidelines for Recovery of Shares from IEPF
05 Oct, 2024 | 5 Min. read
Top 5 Financial Ratios That All Stock Investors Should Grasp
05 Oct, 2024 | 7 Min. read
Semiconductor Stocks: Top Picks for 2024 and Market Insights
05 Oct, 2024 | 8 Min. read
What is an IEPF Claim: Meaning & Eligibility Criteria
05 Oct, 2024 | 7 Min. read
RBI October 2024 Policy Preview: Rate Cut Unlikely
05 Oct, 2024 | 1 Min. read
Shiv Texchem IPO- Know Investment Opportunity & How to Apply?
05 Oct, 2024 | 1 Min. read
Garuda Construction and Engineering IPO- How to Apply in Minutes?
04 Oct, 2024 | 5 Min. read
Share Market Today | Gift Nifty Indicates Negative Opening For Indian Markets
04 Oct, 2024 | 4 Min. read
Oil Prices Rise Amid Concerns Over Israel-Iran Conflict
04 Oct, 2024 | 2 Min. read
FPIs Offload Over $3 Billion In Indian Shares In 3 Sessions
04 Oct, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading