Mumbai: Nykaa, India’s leading omnichannel beauty and lifestyle company, today unveiled its FY30 vision at its Annual Investor Day 2026, outlining its ambition to become a USD 5 billion+ beauty and lifestyle business and accelerating its role in shaping India’s next decade of consumption growth.
India is emerging as one of the world’s most attractive premium consumption markets, and Nykaa is well positioned to capture this opportunity across the lifestyle ecosystem spanning Beauty, Fashion, Consumer Brands, Retail and B2B Distribution. Backed by a strong track record of execution, Nykaa today addresses a lifestyle market exceeding USD 100 billion and serves 55 million consumers across beauty, fashion, wellness and adjacent categories. Over the last six years, the company’s GMV has grown more than 7X, with Beauty scaling 6X, Fashion 27X and House of Nykaa 10X. Looking ahead to FY30, Nykaa sees a significant runway for growth and aims to deliver 2-3X revenue growth, translating into 4-5X EBITDA growth [low to mid-teens EBITDA margin]. Importantly, this growth is expected to be driven by disciplined execution, operating leverage and capital-efficient investments, enabling sustained margin expansion and a ROCE of over 40%, while continuing to create long-term value for shareholders.
Falguni Nayar, Executive Chairperson, Founder and CEO, Nykaa, said, “The next decade will be a defining one for India’s lifestyle economy. As India progresses towards an USD 8–10 trillion economy by FY36, rising affluence, digital adoption and evolving aspirations will drive higher discretionary spending across beauty, fashion and lifestyle. This expanding opportunity positions us well to serve 200 million cumulative consumers by FY36. Over the years, we have systematically expanded our addressable market, moving into adjacent categories and capturing a larger share of consumer spend. Wellness is the next major opportunity, and one we believe is a natural extension of our journey. As consumers increasingly embrace a more holistic approach to self-care, the convergence of beauty, wellness and longevity is creating a large and attractive growth opportunity. At the same time, AI is opening up new possibilities in how we serve consumers and scale our business. From making discovery and personalization more intuitive to improving speed, productivity and decision-making across the organization, we believe technology will be a powerful enabler of our next phase of growth. We are excited about building a stronger and more agile Nykaa as we continue to deepen consumer engagement and capture the opportunities ahead.”
