FSN E-Commerce Ventures Ltd., the parent company of Nykaa, has reported a strong business update for Q1, with consolidated GMV and NSV expected to grow in the early-30% range and overall revenue growth projected to accelerate to nearly 30%. The beauty business is expected to record late-20% growth, supported by strong customer acquisition, omnichannel expansion, healthy marketing income, continued retail store growth, and the success of owned brands including Kay Beauty, Nykaa Cosmetics, and Dot & Key. Nykaa's fashion business is expected to remain its fastest-growing segment, with NSV growth projected in the mid-50% range. Growth has been driven by an expanded brand portfolio, improved operational efficiency, continued customer acquisition, and encouraging early results from its partnership with Nike. The company stated that sustained investments in marketing and omnichannel capabilities continue to strengthen both its beauty and fashion businesses, positioning it for another quarter of healthy growth. For more information, contact:FSN E-Commerce Ventures Ltd. (Nykaa)Website: www.nykaa.com