Nykaa Targets $5 Bn GMV By FY30 As Analysts Question Lofty Valuation
At its Investor Day, Nykaa set FY30 goals: $5 Bn GMV, revenue up 2.5-3X, EBITDA up 4-5X and ROCE above 40%. Owned brands are pegged to triple to ₹5,000 Cr NSV from ₹1,700 Cr, with fashion growing ~40%. With the stock near a 52-week high of ₹309.7, the question is whether profitability can justify the rally.
At its Investor Day, Nykaa laid out FY30 targets: $5 Bn GMV, revenue up 2.5-3X, EBITDA up 4-5X. Analysts question whether fashion profitability, owned-brand growth and premium beauty can justify the stock's recent rally.