Bengaluru, July 5 -- Beauty e-tailer Nykaa's parent company, FSN E-Commerce Ventures Ltd, said on Sunday it expects net sales to grow around 30% in the April-June quarter (Q1FY27), driven by the consistent performance of the beauty segment and a rebound in the fashion business.

In a stock exchange filing, the company said consolidated gross merchandise value (GMV) and net sales value (NSV) are both expected to grow in the "early thirties percent range" in Q1FY27, compared to the same period last year.

GMV is the total value of goods sold before any returns or discounts are subtracted, while NSV is what's left after accounting for returns, taxes and discounts-a more accurate picture of actual sales.

The company said net revenue growth w...