Nykaa (FSN E-Commerce Ventures) – FY30 Growth Vision

1. Targets $5 Billion+ GMV by FY30: Nykaa has outlined its next growth phase, aiming to build a Beauty & Lifestyle business exceeding USD 5 billion in GMV by FY30, driven by category expansion, customer growth, and deeper market penetration. 2. Beauty Business to Scale 2–3x The company expects its core Beauty segment GMV to grow 2–3 times over the next four years, supported by premiumization trends, increasing online beauty adoption, and growth in owned brands. 3. Focus on Profitable Growth Alongside strong revenue expansion, Nykaa is targeting healthy double-digit EBITDA margins in its Beauty business, reflecting a focus on operating leverage, higher-margin private labels, and improved efficiency. 4. Strengthening Omnichannel Leadership Nykaa plans to leverage its integrated online-offline ecosystem, expanding its retail footprint, brand partnerships, and customer engagement capabilities to consolidate its leadership position in India’s beauty and lifestyle market. $NYKAA