Nykaa’s fashion biz to add glitter in Dec quarter

The Q3 business update released by the company says that the industry level consumption in fashion remained muted

By Connect Gujarat Desk 09 Jan 2024 in Fashion Lifestyle

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Nykaa’s fashion biz to add glitter in Dec quarter

FSN E-Commerce Ventures Ltd’s wardrobe is seeing an upgrade.

The fashion business of the parent company of Nykaa is likely to put on a better-than-expected show for the second consecutive time in the December quarter (Q3FY24).

The Q3 business update released by the company says that the industry level consumption in fashion remained muted.

Even so, Nykaa’s fashion vertical saw strong growth and as such, the gross merchandise value (GMV) is expected to rise at around 40% year-on-year in Q3.

This measure had increased by about 12% and 27% in Q1 and Q2, respectively.

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