Nykaa’s Festive Season Test: Is Consumer Spending Losing Steam? | Business News | ET Now
ET Now · 26 Oct 2026 · 10 min
Management interview of FSN E-Commerce Ventures Ltd (NYKAA), with 9 key numbers discussed.
- Adwaita Nayar, Executive Director, Nykaa
Nykaa is seeing strong festive momentum without any signs of a demand slowdown in its categories. The beauty segment continues to expand in the high 20s percentage range, while the fashion business is growing above 40%. Beauty accounts for 80% of revenue and fashion makes up 20%, with 90% of beauty sales happening online across 250 offline doors. The company highlighted accelerating new customer acquisition and sustained traction across Tier 1, Tier 2, and other towns.