Mumbai, April 6 -- Consolidated net revenue is expected to rise in the high twenties, marking the company's fastest growth in the past 12 quarters, driven by sharp acceleration in the fashion vertical and sustained strength in the beauty business.

For FY26, NSV growth is likely to improve to the high twenties, up from mid-twenties over the past two years. Net revenue is projected at the upper-mid twenties, reflecting steady performance across segments.

The beauty vertical continued its strong momentum, with GMV, NSV, and net revenue growth in the high twenties. Strong conversion metrics, omnichannel execution, and accelerated growth in House of Nykaa supported overall performance.

Nykaa recorded its highest-ever quarterly retail expans...