Nykaa's parent company projects mid-20s revenue growth in December quarter, led by strong beauty sales and festive demand.

FSN E-Commerce Ventures, owner of Nykaa, projects consolidated net revenue growth of up to the upper end of the mid-twenties year-on-year for the December quarter, driven by strong beauty segment performance with NSV growth in the late twenties—the highest in six quarters—fueled by festive demand, in-house brands, and the Pink Friday sale. Consolidated GMV and NSV are expected to rise in the late twenties, reflecting acceleration. The fashion segment saw NSV growth in the mid-twenties but net revenue growth in the late teens due to lower marketing income and channel optimization. Nykaa Now operates in seven cities with 53 stores, offering 30- to 120-minute deliveries. Results are provisional and subject to audit.