Debasis Mohapatra
Bengaluru, 18 June 2026
The share price of FSN E-Commerce Ventures Ltd (parent entity of Nykaa) surged around 7% on Thursday after the company unveiled its FY30 vision in the Annual Investor Day, 2026.
The company’s shares were trading 6.92% up at Rs 300.55 at 1 PM IST in NSE on Thursday.
The beauty products retailer has unveiled its FY30 plan according to which the company is targeting a GMV (Gross Merchandise Value) of $5 billion by FY30.
In an exchange filing, the company said it is aiming for growing its revenue by 2X to 3X in the beauty business by FY30. It also noted that there was scope for the company’s beauty segment’s EBITDA margin to touch “healthy” double digits by this period.
“Looking ahead to FY30, Nykaa sees a significant runway for growth and aims to deliver 2-3X revenue growth, translating into 4-5X EBITDA growth [low to mid-teens EBITDA margin]. Importantly, this growth is expected to be driven by disciplined execution, operating leverage and capital-efficient investments, enabling sustained margin expansion and a ROCE of over 40%, while continuing to create long-term value for shareholders,” the company said in an exchange filing.
By FY30, Nykaa aims to grow its GMV by 3-3.5X with potential high single-digit EBITDA margins, which will slowly improve to more than 10% with steady-state profitability.
“Growth will be driven by deepening its premium fashion authority through differentiated destinations such as Hidden Gems, Global Store and Luxe, accelerating AI-led discovery and personalization, and expanding across lifestyle categories,” the filing said.
During the last financial year (FY26), the GMV of Nykaa’s beauty business stood at Rs 15,000 crore, while its fashion business’ GMV was at Rs 4,954 crore. Similarly, House of Nykaa Beauty had a GMV of Rs 2,788 crore.
The company has a robust distribution muscle reaching from 150,000 gates to over 45 million consumer base depending on the category, the company said.
The beauty retailer is expanding its retail footprint as it is aiming to grow its beauty business to have a retail footprint of over 600 stores by FY30 in its bid to reach 100 million consumers.
