Nykaa parent shares jump 8% on $5B FY30 target
Nykaa's parent company, FSN E-Commerce Ventures, saw its shares jump 8% to a yearly high after announcing big plans for the future.
At their Annual Investor Day, they set an ambitious goal: reaching a gross merchandise value (GMV) exceeding $5 billion by FY30 and ramping up revenue and EBITDA growth.
FSN targets 2-3x revenue 4-5x EBITDA
The company is aiming for two- to threefold revenue growth and four- to fivefold profit (EBITDA) growth by FY30, with profit margins moving into the low- to mid-teens.
They want a return on capital above 40%, hoping to cement their spot in India's e-commerce scene.
Growth will come from expanding their beauty and fashion segments, growing GMV nearly threefold to ₹3,500 crore by FY30 on their B2B Superstore platform, and exceeding 600 beauty stores by FY30, connecting with more shoppers across India.