Nykaa announces $5B GMV target for FY30 after profitable growth
Business
Nykaa, the popular beauty and fashion retailer from Mumbai, just announced a bold goal: reaching $5 billion in gross merchandise value (GMV) by fiscal year 2030.
At their annual investor day, they shared how they've doubled both GMV and revenue over the past three years, all while staying profitable.
Nykaa CEO Falguni Nayar eyes wellness
By fiscal year 2026, Nykaa had already hit ₹15,000 crore ($1.6 billion) in GMV. Now they're eyeing wellness as their next frontier.
Falguni Nayar, founder and CEO of Nykaa, calls this shift a "natural extension," pointing to rising trends around self-care and longevity as key reasons for expanding beyond beauty.