Nykaa projects strong Q4 revenue growth, driven by beauty segment
The beauty segment remained the primary growth driver, with gross merchandise value (GMV) expected to have grown in the low 30% range, ahead of overall industry trends. Nykaa attributed this to continued investments in customer acquisition, consistent order volume growth, and offline expansion, including the rollout of 19 new stores during the fourth quarter.
The beauty segment remained the primary growth driver, with gross merchandise value (GMV) expected to have grown in the low 30% range, ahead of overall industry trends. Nykaa attributed this to continued investments in customer acquisition, consistent order volume growth, and offline expansion, including the rollout of 19 new stores during the fourth quarter.
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