India's Nykaa aims to surpass $5 bln in goods sold by FY30
18/06/2026 10:09
India's Nykaa aims to surpass $5 bln in goods sold by FY30 June 18 (Reuters) - India's beauty and fashion retailer Nykaa FSNE.NS said on Thursday it aims to build a beauty and lifestyle business with gross merchandise value (GMV) exceeding $5 billion by fiscal 2030, as it bets on rising discretionary spending.
The company expects revenue to grow two to three times by FY30, with margins expanding to the low-to-mid teens, according to its investor day presentation.
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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