FSN E-Commerce Ventures Limited announced its Q1 FY2027 performance with consolidated GMV and NSV growth expected to reach early thirties percent. The company reported strong momentum across both Beauty and Fashion verticals, positioning it for one of its strongest quarters in recent history. Consolidated Net Revenue growth is projected to accelerate to near thirties percent, driven by customer acquisition across categories.
Beauty vertical performance is expected to remain healthy with NSV and Net Revenue growth in late twenties percent for Q1 FY2027. The omnichannel beauty business continues to show accelerated growth similar to Q4 FY2026 performance. House of Nykaa maintained rapid growth momentum, led by Kay Beauty, Nykaa Cosmetics, and Dot & Key, reinforcing the company's premium positioning in the beauty space.
Fashion vertical has started the new fiscal year on a significantly stronger note with NSV growth expected in mid-fifties percent. This represents a sharp acceleration from previous quarters, marking a multi-quarter high for the business. All major fashion categories including women, men, kids, and home segments delivered strong performance, supported by expanding brand assortment and recent Nike partnership results.
The underlying platform business showed improvement in GMV to NSV funnel, with reduced leakages and expanding market coverage. Retail performance strengthened further with mid-teens like-for-like growth and store network expansion. Total store count reached 324 as of June 30, 2026, reflecting the company's continued omnichannel expansion strategy.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.