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SUMMARY
In its quarterly revenue update, Nykaa said that FY26 started on a “good note” and it expects its revenue growth to be “at the lower end of mid-twenties”
The company said that geopolitical tensions led to softer sentiment during its Q1 Flagship Sale, causing some loss of business for its beauty vertical. Despite this, it expects the vertical to deliver GMV growth in the higher mid-twenties
The fashion vertical, which has relatively been a laggard, is projected to see its net…
