New Delhi, FSN E-Commerce Ventures, the parent company of Nykaa, on Sunday forecast a year-on-year consolidated revenue growth of around 22-23 per cent in the first quarter of 2024-25 (FY25), with growth momentum equivalent. for the fashion industry, but which is characterized by a "very moderate" demand environment.
In a BSE filing on its quarterly earnings update for the April-June quarter of FY25, the company said that for the consolidated entity, GMV (gross merchandise value) growth for the quarter is considered to be around of 20 years compared to year.
FSN E-Commerce Ventures also reported that it is starting to generate vertical segmental reports starting this quarter.
"Nykaa - FSN E-Commerce Ventures Limited together with its subsidiaries, i.e. the consolidated entity, expects its revenue growth to be around 22-23 percent year-on-year in the first quarter of FY2025," the company said. company.
Beauty vertical revenue growth for the quarter is expected to be around 22-23 percent YoY, similar to the revenue growth of the consolidated entity.
"GMV growth is expected to be higher, around 20 years year-on-year, in line with the long-term growth trajectory of the BPC (Beauty and Personal Care) industry. This is despite relatively slower growth in our physical retail business, which was affected by the elections as well as heat waves in northern India," he said.
The company, however, highlighted the weak demand environment in the Indian fashion industry.
"The overall fashion industry in India continues to face challenges with a weak demand environment. Growth was further impacted in this seasonally weak quarter due to a shortage of weddings and festivities," according to the company.
In this context, he said, the Fashion revenue vertical is expected to deliver a healthy performance, with revenue growth of around twenty percent year-on-year. GMV growth for the quarter is expected to be lower in the mid-teens year-over-year.
The beauty segment comprises the online beauty platform Nykaa, own beauty brands and physical stores, in addition to the eB2B distribution business 'Superstore by Nykaa' and the Nykaa Man BPC business.
The fashion segment consists of the Nykaa Fashion platform and fashion brands, as well as LBB (Little Black Book), the content platform and the lifestyle business Nykaa Man.
In a BSE filing on its quarterly earnings update for the April-June quarter of FY25, the company said that for the consolidated entity, GMV (gross merchandise value) growth for the quarter is considered to be around of 20 years compared to year.
FSN E-Commerce Ventures also reported that it is starting to generate vertical segmental reports starting this quarter.
"Nykaa - FSN E-Commerce Ventures Limited together with its subsidiaries, i.e. the consolidated entity, expects its revenue growth to be around 22-23 percent year-on-year in the first quarter of FY2025," the company said. company.
Beauty vertical revenue growth for the quarter is expected to be around 22-23 percent YoY, similar to the revenue growth of the consolidated entity.
"GMV growth is expected to be higher, around 20 years year-on-year, in line with the long-term growth trajectory of the BPC (Beauty and Personal Care) industry. This is despite relatively slower growth in our physical retail business, which was affected by the elections as well as heat waves in northern India," he said.
The company, however, highlighted the weak demand environment in the Indian fashion industry.
"The overall fashion industry in India continues to face challenges with a weak demand environment. Growth was further impacted in this seasonally weak quarter due to a shortage of weddings and festivities," according to the company.
In this context, he said, the Fashion revenue vertical is expected to deliver a healthy performance, with revenue growth of around twenty percent year-on-year. GMV growth for the quarter is expected to be lower in the mid-teens year-over-year.
The beauty segment comprises the online beauty platform Nykaa, own beauty brands and physical stores, in addition to the eB2B distribution business 'Superstore by Nykaa' and the Nykaa Man BPC business.
The fashion segment consists of the Nykaa Fashion platform and fashion brands, as well as LBB (Little Black Book), the content platform and the lifestyle business Nykaa Man.
