Nykaa shares jump 6% after co aims to triple revenue by FY30; check other targets

Shares of FSN E-Commerce Ventures Ltd., the parent of beauty and fashion retailer Nykaa, surged over 7% on Thursday, June 18, extending gains for a second straight session after the company outlined its long-term growth targets at its Investor Day.

Nykaa said it is targeting gross merchandise value (GMV) of over ₹500 crore across its Beauty and Fashion businesses by FY30, led by strong expansion across categories and channels.

FY30 targets

The company aims to deliver:

2x to 3x revenue growth from current levels
4x to 5x growth in EBITDA
Low-to-mid teen EBITDA margins by FY30

For context, Nykaa expects EBITDA margins of around 7.5% in FY26.

Beauty business targets

For its Beauty segment, Nykaa is targeting:

2x to 3x growth in GMV by FY30
Healthy double-digit EBITDA margins
Expansion of its retail network to more than 600 stores by FY30

Fashion business targets

In the Fashion segment, the company expects:

3x to 3.5x growth in GMV by FY30
High single-digit EBITDA margins by FY30
Steady-state margins exceeding 10% over the longer term

Other growth initiatives

Nykaa's owned brands portfolio, House of Nykaa, is targeting net sales value (NSV) of more than ₹5,000 crore by FY30, compared to an expected ₹3,176 crore in FY26.

Meanwhile, its B2B platform Superstore aims to surpass ₹3,500 crore in GMV by FY30, up from an estimated ₹1,187 crore in FY26. The company also plans to expand its retailer network to over 1 million merchants by the end of the decade.