India, April 7 -- FSN E-Commerce Ventures, the parent entity of fashion and beauty retailer Nykaa, has said it witnessed a continued growth momentum in the fourth quarter of FY2025 with consolidated net revenue growth expected to be in the low to mid-20% range year-on-year (YoY).

This puts the company's full-year revenue growth also in the mid-20s, reflecting consistent performance across all quarters of the fiscal year.

The beauty vertical remained a key growth driver, with the gross merchandise value (GMV) projected in the low 30% range significantly ahead of industry benchmarks.

"Nykaa's full financial year FY25 revenue growth is estimated to be at similar levels in mid twenties, indicating consistent growth across all quarters of F...