FSN E-Commerce Ventures Limited, which operates Nykaa, unveiled its FY30 vision at the Annual Investor Day 2026, targeting a USD 5 billion-plus beauty and lifestyle business. Nykaa aims to deliver 2-3X revenue growth and 4-5X EBITDA growth with low to mid-teens EBITDA margins, targeting a ROCE of over 40%.
Nykaa exited FY26 at approximately Rs 15,000 crore GMV across its beauty business, serving 45 million consumers through digital platforms and 313 stores across 99 cities. The beauty segment targets 2-3X GMV growth by FY30, reaching 100 million beauty consumers and expanding its retail footprint to over 600 stores.
Nykaa Fashion reported a GMV of Rs 4,954 crore in FY26, doubling both GMV and NSV over three years and expanding its annual transacting customer base from 2.5 million to 4.3 million. The fashion business targets 3-3.5X GMV growth by FY30 with potential high single-digit EBITDA margins.
House of Nykaa, the brand portfolio, grew GMV to Rs 2,788 crore in FY26, nearly 10X over six years, and reaches consumers through a distribution network of over 150,000 doors. It aims to surpass Rs 5,000 crore NSV by FY30 through organic and inorganic initiatives.
Superstore by Nykaa scaled GMV nearly 4X to Rs 1,187 crore and expanded its retailer network to 494,000 outlets, partnering with over 200 brands. It targets Rs 3,500 crore GMV by FY30 and over 1 million retailers. Nykaa serves 55 million consumers across beauty, fashion, wellness and adjacent categories, addressing a lifestyle market exceeding USD 100 billion.
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.