SENSEX   77,409.98

+ 254.36

NIFTY   24,168.00

+ 82.30

CRUDEOIL   7,043.00

 -169.00

GOLD   150,630.00

 -3,249.00

SILVER   243,777.00

 -8,030.00

Updated - June 18, 2026 at 03:57 PM.

June 18 Beauty and fashion retailer Nykaa ​said on Thursday it aims to exceed $5 ‌billion in gross merchandise value (GMV) by fiscal ​2030, as it bets on rising ⁠discretionary spending. Here are the details:

* The company expects revenue to grow around two-fold to three-fold by ‌the year ended March 2030, it said in its investor presentation

* ‌This will translate into four to ‌five ⁠times the growth in earnings before ⁠interest, taxes, depreciation and amortisation (EBITDA), with margins expanding to the low-to-mid teens, it added

* Nykaa aims to ​double or triple ‌the GMV from its beauty business by fiscal 2030, from the ₹15,000 crore ($1.59 billion) it logged in fiscal 2026

* ‌It also plans to expand its ​retail store network to more than 600 outlets from its current count ⁠of 313 stores across 99 cities

* It is targeting an increase of three to ‌3-1/2 times the growth in fashion merchandise sales by fiscal 2030, as well as hitting high single-digit EBITDA margins

* On Wednesday, UBS analysts said Nykaa delivered more than 25 per cent growth in merchandise sales, ‌improved its beauty and personal care margins, and turned ​its fashion business EBITDA positive despite concerns over the macro environment and competition

* ⁠Last month, Nykaa reported its highest-ever quarterly profit ⁠since its 2021 public listing, with its core beauty business posting 27 per cent ‌sales growth and its fashion business breaking even at the EBITDA level.

Published on June 18, 2026

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.