Nykaa Guides 30% GMV Growth, 40% Fashion NSV Growth in Q2 FY27

Nykaa expects consolidated GMV to grow ~30% YoY in Q2 FY27, with fashion vertical NSV growing in the "late forties" and net revenue in the "early forties," plus 250+ new brands added in-quarter. Fashion is outrunning beauty in growth—ecommerce operators should prioritize apparel supplier diversity and fast-fashion SKU velocity over beauty subscriptions.

Source: ET Tech ↗