FSN E-Commerce Ventures, the owner of the Nykaa brand, on Sunday projected a consolidated net revenue growth of nearly 30 per cent for the first quarter of FY2026-27, to be led by a sharp acceleration in its fashion business. According to a regulatory filing, the company expects its consolidated Gross Merchandise Value (GMV) and Net Sales Value (NSV) to grow in the "early thirties" on a year-on-year basis for the quarter ended June 30, 2026. "Nykaa's Fashion vertical has started FY2027 on a notably stronger footing, with NSV growth expected to be in mid-fifties, marking a sharp acceleration from previous quarters. The Fashion business continues to see improvement in GMV to NSV funnel, supported by reduction in leakages," the company said. Nykaa attributed the growth of its core platform business to a wider brand assortment and recent marketing investments, which it said translated into new customer acquisitions. Meanwhile, the flagship beauty segment is projected to grow in the "lat
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Cumulative revenue crossed the $1 billion milestone in the last financial year while, sequentially, net profit grew 16.25 per cent
Deal gives Reliance Retail full ownership of Anomaly Haircare, strengthening its presence in beauty and personal care while scaling the brand across India and global markets
Forest Essentials headquarters to remain in Delhi; founder Mira Kulkarni to continue leading it
To initially invest ₹3,500cr by 2030; to create 2,000 specialised beauty tech roles
Nykaa, a specialty platform for beauty and personal care products, commands an estimated 27 per cent share of India's online BPC segment.
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The Mumbai-based company has delayed employee salaries while seeking new funding, as three board directors from major VCs recently departed
Nomura described Nykaa's growth plans in the BPC segment as being "in line with our view," and highlighted the company's strong positioning in the premium beauty space.
Cosmetics major L'Oreal on Monday said it plans to more than double its business in India over the next couple of years besides expanding its factories. L'Oreal CEO Nicolas Hieronimus also said India is a key strategic market for them and it is one of the world's fastest-growing beauty markets. "India is a very strategic market for L'Oreal. We intend to more than double our business in the next couple of years , expand our factories which are today manufacturing 95 per cent of what we sell in India and also exporting to rest of the region. "So it is a country of opportunities and one of the fastest beauty markets in the world and is a big priority for L'Oreal," he told reporters here. He met Commerce and Industry Minister Piyush Goyal, who is here on an official visit to hold meetings with French leadership and firms to boost trade and investment between the two countries. "We are exporting hair and skin products, particularly to the Gulf region, it is a beginning of a big ...
ELC President and CEO Stephane de La Faverie talks about how they are fostering entrepreneurship in India's rapidly expanding beauty market
Local production and new price points to drive double-digit growth
HUL will acquire the remaining 9.5 per cent stake from the founders within two years, as per terms outlined in the transaction documents
India's beauty and personal care (BPC) industry is entering a consolidation phase with global giants seeking a grip over the changing consumer habits, according to the analysts
According to reports, promoter Varun Alagh increased his stake in the company to 31.93 per cent.