Nykaa expects revenue to grow due to beauty, fashion

Nykaa projects mid-20% revenue growth for the June quarter, driven by strong beauty sales and a fashion segment recovery. This growth reflects sustained demand in beauty and expansion in fashion. The beauty segment is expected to lead GMV growth, while fashion aims for mid-20% GMV growth. Nykaa's beauty business saw growth across online, offline, and B2B channels. Fashion aims for significant expansion, targeting 3-4x growth in five years. Nykaa is also investing in AI, with over 40 generative AI initiatives underway. The company reported a net profit of Rs 19 crore in the previous quarter and is piloting express deliveries in select cities.