Nykaa Sets Ambitious $5 Billion Sales Target by FY2030
Indian beauty and fashion retailer Nykaa has outlined an ambitious growth roadmap, aiming to surpass $5 billion in gross merchandise value (GMV) by fiscal 2030. The company expects its revenue to grow two to three times over the next four years, supported by rising consumer spending and expansion across its core business segments.
Nykaa plans to significantly scale its beauty business, targeting a two-to-threefold increase in GMV from the ₹150 billion recorded in FY2026. The retailer also intends to expand its physical presence by growing its store network from 313 outlets across 99 cities to more than 600 stores nationwide.
The company is also targeting strong growth in its fashion division, aiming for merchandise sales to rise three to three-and-a-half times by FY2030. The outlook follows a strong financial performance, with Nykaa recently reporting its highest-ever quarterly profit, driven by robust beauty sales growth and its fashion business achieving EBITDA break-even.
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