Nykaa expects to see positive momentum continue in FY25 Q4

Beauty giant Nykaa‘s parent company FSN ECommerce expects to report an improvement in its consolidated net revenue in the fourth quarter of the 2025 financial year. Beauty remains the business’ main growth driver and gross merchandise value also increased during the quarter which ended on March 31. 

Nykaa is confident that its net revenue growth will come in at the low to mid 20% range, ET Tech reported. The business also expects its 2025 financial year total revenue growth to be around the mid 20%, based on its provisional figures disseminated in a regulatory filing ahead of its audited results. 

Nykaa has continuously invested in customer acquisition and offline expansion. The business opened a total of 19 brick-and-mortar outlets in the fourth quarter of the 2025 financial year, the Economic Times reported. 

The business has projected an increase in gross merchandise value in the low 30% range which it asserted is higher than general industry trends. Nykaa has recently witnessed order volume growth and has focused on expanding its quick commerce offering in line with the rising popularity of swift deliveries amongst Indian metro consumers.