Mumbai, Oct. 5 -- Consolidated gross merchandise value (GMV) is expected to grow in the high-twenties range in Q2 FY27, while net sales value (NSV) growth is expected to be in the early-thirties range. Consolidated net revenue growth is expected to be in the late-twenties range.

GMV refers to gross merchandise value before returns and cancellations. NSV refers to net sales value after returns, taxes, discounts and cancellations.

The Beauty vertical is expected to report NSV and net revenue growth in the late-twenties range. The company's omnichannel business continued to perform well, supported by new customer additions and repeat customer engagement. Nykaa added 14 net new stores during the quarter, taking its total store count to 338 ...