Nykaa shares jump 8% to fresh 52-week high after unveiling FY30 roadmap; targets up to 3x revenue growth

Shares of Nykaa parent FSN E-Commerce Ventures surged over 8% to a fresh 52-week high of Rs 303.75 on Thursday after the company unveiled its FY30 vision, cheering investors. The stock is also on course for its biggest single-day gain since early February.

Nykaa, in a press release after its Annual Investor Day 2026, said that it is aiming to become a beauty and lifestyle business worth more than $5 billion gross merchandise value (GMV) by FY30. The company 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,” it added.

Also read: Dividend alert! Last day to buy HDFC Bank, Tata Motors PV, 14 other stocks for dividends worth Rs 248

India is emerging as one of the world’s most attractive premium consumption markets, and Nykaa is well-positioned to capture this opportunity across the lifestyle ecosystem spanning beauty, fashion, consumer brands, retail and B2B distribution, the company said. It added that today it addresses a lifestyle market exceeding $100 billion and serves 55 million consumers across beauty, fashion, wellness and adjacent categories. Over the last six years, Nykaa’s GMV has surged more than 7x, with beauty scaling 6x, Fashion 27x and House of Nykaa 10x.

What Nykaa CEO says

“The next decade will be a defining one for India’s lifestyle economy. As India progresses towards an $8–10 trillion economy by FY36, rising affluence, digital adoption and evolving aspirations will drive higher discretionary spending across beauty, fashion and lifestyle. This expanding opportunity positions us well to serve 200 million cumulative consumers by FY36,” said Falguni Nayar, Executive Chairperson, Founder and CEO of Nykaa.

Also read: Defence stocks fire up! Paras Defence, BEL, GRSE, other stocks surge up to 24% in 2 days. What’s powering the rally?Nayar added that over the years, Nykaa has systematically expanded its addressable market, moving into adjacent categories and capturing a larger share of consumer spend. Wellness is the next major opportunity, and one that the company believes is a natural extension of its journey, she further said.

“At the same time, AI is opening up new possibilities in how we serve consumers and scale our business. From making discovery and personalisation more intuitive to improving speed, productivity and decision-making across the organization, we believe technology will be a powerful enabler of our next phase of growth. We are excited about building a stronger and more agile Nykaa as we continue to deepen consumer engagement and capture the opportunities ahead,” the CEO said.

Also read: Yes Bank shares jump 16% in 5 days, hit fresh 52-week high. What lies ahead?

Nykaa earnings snapshot

Nykaa in May reported a consolidated net profit of Rs 78 crore for the March quarter of FY26, marking a 286% jump from Rs 20 crore in the same period last year. Revenue from operations during the quarter rose 28% year-on-year (YoY) to Rs 2,648 crore, compared with Rs 2,062 crore in Q4 FY25. Nykaa also posted a 28% YoY rise in gross merchandise value (GMV) to Rs 5,241 crore in the March quarter, extending its streak of mid-20s GMV growth to the 14th straight quarter. The company reported that quarterly revenue and gross margin were the highest seen in the last 12 quarters.

For the full year FY26, the company’s net profit nearly tripled to Rs 199 crore from Rs 66 crore a year earlier. Annual revenue climbed 26% to Rs 10,022 crore, against Rs 7,950 crore in FY25.

Also read: Vedanta Aluminium vs Power vs Oil & Gas vs Iron & Steel; which stock should you buy?

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)