22-23% Q1 FY25 consolidated revenue growth expected for Nykaa's parent company, FSN E-Commerce Ventures.

Nykaa's parent company, FSN E-Commerce Ventures, expects a 22-23% year-on-year consolidated revenue growth in Q1 of FY25. The beauty vertical is anticipated to have similar growth, while the fashion industry faces a muted demand environment. Gross Merchandise Value (GMV) growth is predicted to be in the mid-20s year-over-year, and vertical-wise segmental reporting will commence this quarter.

July 07, 2024
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