FSN E-Commerce Ventures Ltd., the parent of Nykaa - Business update

FSN E-Commerce Ventures Ltd., the parent of Nykaa - Business update -

1) The company expects its consolidated revenue to grow at the lower end of the mid-20 percent range in Q1, while overall GMV growth is projected to surpass that, continuing its multi-quarter run of solid performance 2) Nykaa’s beauty segment — its largest business — is estimated to clock GMV growth in the higher mid-twenties. The company noted that while sales during the quarter were impacted by geopolitical tensions that dampened consumer sentiment during a key flagship event, the business held firm. It expects revenue from the beauty vertical to rise in the mid-twenties, keeping pace with previous quarters. 3) Its fashion arm, meanwhile, appears to have turned a corner. GMV in this segment is also expected to grow in the mid-twenties — an improvement from recent trends — backed by stronger demand on its core platform, a wider product range, and steady new customer additions. Revenue from fashion is projected to grow in the mid-teens, improving sequentially, through trailing GMV. 4) Across formats — online, offline retail, eB2B, and its proprietary House of Nykaa brands — the company reported a robust showing. The House of Nykaa portfolio, which includes both homegrown and acquired labels, continued to strengthen its position as a key growth lever. 5) Update is good on overall basis. The stock is expected to react positive based on this update. 6) All this is for information. 7) This is not a buy/sell call. Thank you, Technofunda24