Nykaa aims for $5 billion in GMV by FY30

Omnichannel beauty and fashion retailer Nykaa said it is targeting $5 billion in gross merchandise value (GMV) across its businesses by fiscal 2030. The Mumbai-based company, which announced this at its annual investor day on Thursday, said that its business has doubled both GMV and revenue over the last three years while maintaining profitability.

It ended FY26 with Rs 15,000 crore (or around $1.6 billion) in GMV.

"Over the years, we have systematically expanded our addressable market, moving into adjacent categories and capturing a larger share of consumer spend. Wellness is the next major opportunity, and one we believe is a natural extension of our journey. As consumers increasingly embrace a more holistic approach to self-care, the convergence of beauty, wellness and longevity is creating a large and attractive growth opportunity," Falguni Nayar, founder and CEO of Nykaa said in a statement.