Shares of Nykaa parent FSN E-Commerce Ventures Ltd jumped over 7% on Thursday after the company announced a target to achieve gross merchandise value (GMV) exceeding $5 billion by fiscal year 2030. This marks a significant increase from its nearly ₹20,000 crore GMV projected for FY26, reflecting ambitious growth plans over the next four years, according to livemint.com.
The company revealed its FY30 roadmap during an investor day event held on Wednesday, outlining plans to grow its overall business 2.5 to 3 times current levels. This growth is expected to be driven by expansion across Nykaa’s core beauty platform, its fashion business, retail store network, and owned brands. At 11:40 am on Thursday, FSN E-Commerce’s shares hit a 52-week high of ₹301, up more than 7% from the previous close, as reported by livemint.com.
Nykaa’s growth target comes amid a broader trend of rising investor confidence in the beauty and fashion retail sector in India. The company’s stock has gained approximately 50% over the past year, supported by improving profitability and sustained growth in its core beauty segment. The $5 billion GMV goal positions Nykaa among the leading players in the Indian e-commerce and retail market, competing with other major firms expanding their footprint in beauty and fashion.
FSN E-Commerce Ventures Ltd’s next earnings release is scheduled for August 5, when investors will assess whether the company’s growth trajectory aligns with its ambitious FY30 GMV target, according to livemint.com.