Nykaa said the BPC business NSV for the quarter is expected to grow around twenty per cent on YoY basis. The festive season is a big driver for lifestyle categories, it noted.
Nykaa expects its Q1FY24 consolidated revenue to grow in the mid-twenties YoY, with strong demand in the beauty and personal care categories. However, it anticipates slower growth in the fashion category due to a discretionary spending slowdown.
Nykaa expects Q4 revenue growth in Fashion business to be in late teens. This is against a 33 per cent growth it recorded in the first nine months of the financial year.