Key Quantitative Figures

Consolidated Performance:

  • GMV (Gross Merchandise Value) growth expected in early thirties percentage (YoY)
  • NSV (Net Sales Value) growth expected in early thirties percentage (YoY)
  • Net Revenue growth expected to accelerate to near thirties percentage (YoY)

Beauty Vertical Performance:

  • NSV growth expected in late twenties percentage (YoY)
  • Net Revenue growth expected in late twenties percentage (YoY)
  • Retail business achieved mid-teens like-for-like growth
  • Total store count: 324 as of 30th June 2026

Fashion Vertical Performance:

  • NSV growth expected in mid-fifties percentage (YoY)
  • Net Revenue growth expected to accelerate to near fifties percentage (YoY)

Dates and Periods

  • Disclosure Date: July 5, 2026
  • Reporting Period: Q1 FY2027 (quarter ended 30th June 2026)
  • Store count reference date: 30th June 2026

Business Segment Performance Details

Beauty Vertical: The omnichannel beauty business continued accelerated growth similar to Q4 FY2026. Net Revenue growth trails NSV growth marginally due to higher contribution of House of Nykaa (which has no marketing income component). The platform's overall marketing income saw strong growth. House of Nykaa demonstrated rapid growth driven by Kay Beauty, Nykaa Cosmetics and Dot & Key.

Fashion Vertical: Showed significant acceleration from previous quarters with mid-fifties NSV growth. Improvement in GMV to NSV funnel supported by reduction in leakages. Growth driven by expanding brand assortment and marketing investments translating into robust new customer acquisition. All major categories performed strongly: women, men, kids and home. The Nike partnership delivered encouraging early results.

Definitions and Methodology

  • All growth numbers are on Year-over-Year (YoY) basis in percentage terms
  • GMV refers to gross merchandise value before returns and cancellations
  • NSV refers to net sales value after returns, taxes, discounts and cancellations

Disclaimer

This Revenue update for the quarter ended 30th June 2026 is provisional and subject to a limited review by the Statutory Auditors of the Company. This update is being issued voluntarily and does not constitute either financial results or earnings guidance.