By BullScreen Editorial Team 
Shares of Nykaa climbed nearly 8% on Thursday, touching a fresh 52-week high of ₹302.8 after the beauty and fashion retailer laid out an ambitious long-term growth roadmap in its annual report.
The rally came after the company projected a 2–3 times increase in revenue by FY30, alongside a sharper 4–5 times growth in EBITDA. Nykaa said it expects EBITDA margins to expand into the low- to mid-teens, supported by operating leverage, disciplined execution, and capital-efficient investments.
The company has set a target to build a beauty and lifestyle business exceeding $5 billion by FY30. It also expects return on capital employed (ROCE) to stay above 40%, signaling strong profitability alongside expansion.
Nykaa’s scale-up over the past six years has been significant. Its gross merchandise value (GMV) has expanded more than 7X, with its beauty business growing 6X, fashion 27X, and House of Nykaa brands 10X. The company closed FY26 with around ₹15,000 crore in GMV, having doubled both GMV and revenue in the last three years while remaining profitable.
Its fashion vertical alone posted ₹4,954 crore in GMV in FY26 and aims for 3–3.5X growth by FY30. Meanwhile, House of Nykaa Beauty is targeting over ₹5,000 crore in net sales value, while Superstore by Nykaa plans to cross ₹3,500 crore GMV and expand to over one million retailers.
At 12:05 PM, Nykaa shares were trading at ₹302.30, up 7.6% on the NSE. The stock has gained 15% in the last five sessions, 24% in six months, and currently commands a market capitalization of ₹86,716 crore.