Nykaa expects consolidated revenue to increase 22-23% in Apr-Jun quarter ...Middle East

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 a matching growth momentum for beauty vertical but flagged "muted" demand environment in the fashion industry. In a BSE filing on its quarterly revenue update for the April-June quarter of FY25, the company said for the consolidated entity, the GMV (Gross Merchandise Value) growth for the quarter is seen to be in the mid-20s year-on-year. FSN E-Commerce Ventures also informed that it is commencing vertical-wise segmental reporting, beginning this quarter. "Nykaa - FSN E-Commerce Ventures Limited along with its

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