Nykaa Q1 FY2025 update!22-23% YoY for the consolidated entity

  • Revenue growth projection: 22-23% YoY for the consolidated entity.
  • GMV growth projection: Mid-twenties YoY overall, with Beauty exceeding consolidated growth at high twenties YoY and Fashion trailing at mid-teens YoY.
  • Reason for slower physical retail growth: Elections and heatwaves in North India.
  • New segmental reporting: Beauty and Fashion segments with separate revenue and GMV growth projections.