Nykaa shares jump 8% to record high after unveiling FY30 roadmap, targets up to 3x revenue growth
IIE DIGITAL DESK ; June 18: Shares of FSN E-Commerce Ventures, the parent company of Nykaa, surged sharply by around 8% on Thursday, hitting a fresh 52-week high after the company unveiled its long-term FY30 growth roadmap. The strong rally came after investors reacted positively to the company’s ambitious projections for revenue expansion and business scaling over the next several years.
The company’s investor presentation, Nykaa has set a target of achieving up to three times revenue growth by FY30, along with a broader goal of significantly expanding its gross merchandise value (GMV) across beauty, fashion, and lifestyle segments. The announcement reflects the company’s long-term confidence in India’s discretionary consumption story and the continued expansion of the online retail ecosystem.
The market response was highly positive, with the stock touching Rs 303.75, marking a new 52-week high. Investors welcomed the company’s focus on scaling its core beauty business, strengthening its fashion vertical, and leveraging technology-driven initiatives to boost customer engagement and operational efficiency. Analysts noted that the FY30 roadmap signals aggressive but structured growth ambitions, supported by increasing demand for premium beauty and fashion products in India.
The company also highlighted its long-term strategy of improving profitability while expanding market share, with expectations of strong GMV growth and margin expansion over the coming years. The announcement has reinforced investor confidence, positioning Nykaa as one of the key consumer-tech growth stories in the Indian stock market.
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