Mumbai-based beauty and lifestyle company Nykaa has unveiled its vision for FY30 at its Annual Investor Day 2026. The company aims to become a USD 5 billion-plus beauty and lifestyle business over the next four years by expanding its presence across beauty, fashion, wellness, consumer brands, retail, and B2B distribution.
Nykaa believes India's growing economy, rising consumer spending, increasing digital adoption, and changing lifestyle preferences will create significant opportunities for long-term growth.
Nykaa currently serves around 55 million consumers across beauty, fashion, wellness, and related categories. The company estimates that the lifestyle market it operates in is worth over USD 100 billion.
Over the past six years, Nykaa's Gross Merchandise Value (GMV) has grown more than seven times. During this period, its beauty business expanded six-fold, fashion business grew 27 times, and the House of Nykaa brand portfolio increased ten-fold.
Looking ahead, the company expects to achieve 2-3 times revenue growth by FY30 while targeting 4-5 times growth in EBITDA. Nykaa also aims to improve profitability through operational efficiency, disciplined investments, and better scale, while maintaining a return on capital employed (ROCE) of more than 40%.
According to Founder, Executive Chairperson, and CEO Falguni Nayar, India is entering a decade of strong growth in discretionary spending as incomes rise and consumer aspirations evolve.
Nykaa expects to serve nearly 200 million cumulative consumers by FY36. The company also sees wellness as a major growth opportunity, driven by increasing consumer focus on self-care, health, beauty, and longevity.
In addition, Nykaa plans to use artificial intelligence (AI) extensively across its operations. The company believes AI can improve product discovery, personalization, productivity, decision-making, and customer engagement, helping support its next phase of growth.
Nykaa Beauty remains the company's largest business segment and has established itself as India's leading beauty destination. The division ended FY26 with a GMV of around ₹15,000 crore and has doubled both GMV and revenue over the past three years while remaining profitable.
Currently, Nykaa Beauty serves approximately 45 million consumers through its online platforms and a network of 313 stores across 99 cities.
By FY30, the company plans to:
| Target Area | FY30 Goal |
| Beauty GMV Growth | 2-3X growth |
| Beauty Consumers | 100 million |
| Premium Beauty Shoppers | 3X increase |
| Retail Stores | More than 600 stores |
| EBITDA Margin | Healthy double-digit margin |
Nykaa plans to achieve these targets through investments in omnichannel retail, AI-powered personalisation, category expansion, and deeper customer engagement.
Nykaa Fashion has emerged as one of India's leading premium fashion platforms with a curated selection of domestic and international brands.
The business reported a GMV of ₹4,954 crore in FY26 and has doubled both GMV and Net Sales Value (NSV) over the last three years. Its annual transacting customer base has increased from 2.5 million to 4.3 million during the same period.
The company has also expanded beyond women's fashion into men's wear, kids' fashion, home products, and other lifestyle categories.
| Target Area | FY30 Goal |
| GMV Growth | 3-3.5X growth |
| EBITDA Margin | High single-digit margin |
| Long-Term Profitability | More than 10% steady-state margin |
Growth will be supported by premium fashion offerings such as Hidden Gems, Global Store, and Luxe, along with AI-driven product discovery and personalized shopping experiences.
Founded in 2012 by Falguni Nayar, Nykaa began as a digital-first beauty retailer focused on making beauty products more accessible to Indian consumers. Over the years, the company has expanded into fashion, men's grooming, and B2B distribution through platforms such as Nykaa Fashion, Nykaa Man, and Nykaa Superstore.
Read more: India's Services Exports Rise to $421.3 Billion in FY26, Lifting Share in Total Exports to 48.8%!
FSN E-Commerce Ventures share price (NSE: NYKAA), the parent company of Nykaa, surged 4.79% on June 18, 2026, to trade at ₹294.40 on the NSE. The stock opened at ₹282.45 and touched an intraday high of ₹297.20, which also marked its fresh 52-week high, while the day's low stood at ₹281.80.
Nykaa's FY30 vision reflects its confidence in India's growing beauty, fashion, and lifestyle markets. With plans to become a USD 5 billion-plus business, expand its customer base, increase store presence, strengthen its brand portfolio, and leverage AI-driven technologies, the company is positioning itself for its next phase of long-term growth while focusing on profitability and shareholder value creation.
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Published on: Jun 18, 2026, 11:00 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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