Nykaa Targets USD 5 Billion+ GMV by FY30

FSN E-Commerce Ventures Ltd (Nykaa) has unveiled its ambitious FY30 vision, aiming to achieve over USD 5 billion in Gross Merchandise Value (GMV) for its beauty and lifestyle business. The company plans to drive 2-3X revenue growth and 4-5X EBITDA growth, targeting a 40%+ ROCE. This expansion will be fueled by disciplined execution, operating leverage, and capital-efficient investments. Nykaa intends to serve 200 million consumers by FY36, with significant growth expected in its Beauty and Fashion segments. The Beauty business aims for 2-3X GMV growth and healthy double-digit EBITDA margins, expanding its retail footprint to over 600 stores. Nykaa Fashion targets 3-3.5X GMV growth with high single-digit EBITDA margins. The company also sees wellness as a major upcoming opportunity and plans to leverage AI for enhanced consumer engagement and operational efficiency.