Nykaa commenced FY2027 on a strong note, with consolidated net revenue growth expected to accelerate to near thirties in Q1FY27. This projection, detailed in an investor presentation, marks one of the strongest quarters for the company in the recent past. The growth uplift is primarily driven by an excellent performance in the Fashion vertical, alongside steady momentum in the Beauty segment, both of which also saw robust customer acquisition.

Financial Performance Overview

The company provided a provisional revenue update for the quarter ended June 30, 2026. Consolidated Gross Merchandise Value (GMV) and Net Sales Value (NSV) are expected to grow in the early thirties. The Beauty vertical is projected to deliver NSV and Net Revenue growth in the late twenties, while the Fashion vertical is anticipated to see a significant surge.

Segment-wise Performance

Nykaa's Beauty vertical continues its healthy trajectory, with Net Revenue growth expected to marginally trail NSV growth due to the higher contribution of House of Nykaa, which lacks a marketing income component. The omnichannel beauty business maintained accelerated growth similar to Q4 FY2026. Retail performance strengthened with mid-teens like-for-like growth and store network expansion, bringing the total store count to 324 as of June 30, 2026. House of Nykaa demonstrated rapid growth, anchored by brands such as Kay Beauty, Nykaa Cosmetics, and Dot & Key.

The Fashion vertical started the fiscal year on a notably stronger footing, with NSV growth expected to hit mid-fifties, a sharp acceleration from previous quarters. This solid growth was driven by an expanding brand assortment and marketing investments that translated into robust new customer acquisition. Major categories including women, men, kids, and home delivered strong performances. Additionally, the Nike partnership has yielded encouraging early results, reinforcing Nykaa Fashion's premium brand proposition. Consequently, the Fashion vertical's Net Revenue growth is expected to accelerate to near fifties, reaching a multi-quarter high.

Nykaa shareholders have approved the re-appointment of four directors, including two Executive Directors and two Non-Executive Independent Directors, for terms of five years. The resolutions were passed via a postal ballot conducted through remote e-voting, which concluded on June 27, 2026. The approvals secure the leadership of Ms. Adwaita Nayar and Mr. Anchit Nayar as Executive Directors, while also extending the tenure of independent board members Mr. Milind Sarwate and Ms. Anita Ramachandran.

Voting Outcomes

The postal ballot process was managed by scrutinizer Mr. Vishwanath of M/s. Sharma and Trivedi LLP. The remote e-voting period commenced on May 29, 2026, and ended on June 27, 2026. A total of 3,94,815 shareholders were on record as of the cut-off date, May 22, 2026. The resolutions required both ordinary and special majorities, all of which were secured with significant support from the promoter group and public institutions.

Executive Director Re-appointments

Shareholders approved the re-appointment of Ms. Adwaita Nayar (DIN: 07931382) and Mr. Anchit Nayar (DIN: 08351358) as Whole-Time Directors designated as Executive Directors for a term of five years. The resolutions also authorized the payment of remuneration to both directors. For Ms. Adwaita Nayar, the resolution received 97.35% votes in favour, while Mr. Anchit Nayar's re-appointment secured 97.35% approval.

Independent Director Re-appointments

The re-appointment of Mr. Milind Sarwate (DIN: 00109854) as a Non-Executive Independent Director for a second consecutive term of five years was approved as a special resolution with 98.97% of valid votes in favour. Additionally, shareholders approved the re-appointment of Ms. Anita Ramachandran (DIN: 00118188) as a Non-Executive Independent Director for a second consecutive term of five years, along with approval for her continuation after attaining the age of 75 years. This resolution passed with 78.80% votes in favour.

Resolution Summary

The detailed scrutinizer's report and voting results have been posted on the company's website and communicated to the National Stock Exchange of India Limited and BSE Limited.