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Nykaa, an Indian beauty retailer, forecasts strong revenue growth in beauty despite a slower fashion market.
Nykaa, an Indian beauty and fashion retailer, forecasts strong Q3 net revenue growth, especially in its beauty segment, with expected growth surpassing mid-twenties.
Despite a slower fashion market, the company's eB2B platform, Superstore by Nykaa, has rapidly expanded, serving 260,000 retailers across 1,100 cities and contributing 8% to beauty GMV.
Nykaa remains optimistic about long-term fashion growth.
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Nykaa, un minorista de belleza indio, pronostica un fuerte crecimiento de ingresos en belleza a pesar de un mercado de moda más lento.