For the full fiscal year ended March 2025, revenue growth is also projected in the mid-20% range, based on provisional figures shared ahead of its audited results, the Mumbai-based company said in a regulatory filing on April 6.
The beauty segment remained the primary growth driver, with gross merchandise value (GMV) expected to have grown in the low 30% range, ahead of overall industry trends. Nykaa attributed this to continued investments in customer acquisition, consistent order volume growth, and offline expansion, including the rollout of 19 new stores during the fourth quarter.
The “House of Nykaa”—which includes both in-house and acquired brands—along with same-store sales growth across its retail footprint, also contributed to the performance of the beauty vertical, it said.
In contrast, the fashion vertical is expected to post GMV growth in the high teens. However, net revenue growth in the segment remained muted due to weaker performance of Nykaa Fashion-owned brands and lower content-driven activity in Q4, which typically sees a seasonal decline following the festive-heavy third quarter.
In Q3, Nykaa had reported a 51.7% year-on-year increase in consolidated net profit to Rs 26.4 crore, driven by higher consumer spending during the festive season.
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The company has also been scaling its quick commerce operations to meet rising demand for faster deliveries. Anchit Nayar, CEO of Nykaa Beauty, said in February that 70% of beauty orders are delivered within the same or next day in the top 110 cities.Quick commerce pilots in Mumbai, Delhi, and Bengaluru have outperformed expectations, he added, with plans for further expansion underway.
As of the latest update, Nykaa’s cumulative customer base stands at 40 million, and it operates 221 offline stores offering products from over 8,000 brands.
On Friday, Nykaa’s shares closed 1.3% lower at Rs 176.8 on the BSE.