Nykaa’s largest segment, beauty and personal care (BPC), is expected to have clocked NSV and revenue growth in the high 20s despite a larger base, as festive spending had started earlier last year. The performance was supported by new customer additions, repeat orders, and traction in House of Nykaa brands. Along with early-20s like-for-like store growth, the highest in six quarters, store footprint continued to expand. Nykaa added 14 stores last quarter, taking the total to 338 as of 30 September.
