Nykaa Projects Strong Q4 Growth Ahead. India's beauty and personal care ecommerce leader Nykaa expects net revenue growth in the late twenties for Q4 FY26, marking its highest quarterly increase in the past 12 quarters. The company projects consolidated GMV growth in the late twenties and NSV growth in the early thirties. The fashion vertical is anticipated to deliver particularly strong performance with NSV growth in the early forties, while the beauty segment is expected to achieve late-twenties growth across GMV, NSV and net revenue metrics. Market response has been positive, with Nykaa shares rising nearly 3.88% intraday following the announcement. The company's momentum is being fueled by improved conversion rates, strategic partnerships including its Nike ecommerce operations deal, and aggressive omnichannel expansion with record store additions.
