Shares of Nykaa climbed 7.1% to touch a 52-week high of ₹301.30 on the BSE during the intraday trading, as investor sentiment improved after the BPC ecommerce major outlined its FY30 growth strategy at its ‘Annual Investor Day 2026’ today.
The stock later pared some of the gains amid profit booking and was trading 6.8% higher at ₹300.60 around 11:46 IST. The company’s market capitalisation stood at ₹86,086.5 Cr (about $9.1 Bn) at the time.
The rally in the stock came after Nykaa said it is targeting a beauty and lifestyle business with over $5 Bn in gross merchandise value (GMV) by FY30.
The company expects revenue to grow 2-3X and EBITDA to rise 4-5X by FY30 as it scales its beauty, fashion, consumer brands and B2B businesses.
As part of its FY30 roadmap, Nykaa plans to expand its beauty retail footprint to more than 600 stores, reach 10 Cr beauty consumers, grow fashion GMV by 3-3.5X and scale its ‘House of Nykaa’ portfolio to over ₹5,000 Cr in net sales value (NSV).
On the technology front, Nykaa said it is integrating AI across its businesses to improve customer experience and operational efficiency. The company has launched AI-powered features such as Skin Scan and Virtual Closet, and recently became one of the first ecommerce platforms in India to integrate with ChatGPT. Going forward, it plans to deploy AI across discovery, personalisation, merchandising and operations.
Nykaa’s beauty business ended FY26 with a GMV of about ₹15,000 Cr, having doubled both GMV and revenue over the past three years while maintaining profitability.
“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,” founder and CEO Falguni Nayar said in a statement.
On the financial front, Nykaa reported a more than fourfold jump in consolidated net profit to ₹78.8 Cr in Q4 FY26 from ₹19.1 Cr in the year-ago quarter. Operating revenue rose 28% to ₹2,648.2 Cr from ₹2,061.8 Cr, marking the company’s highest YoY revenue growth in the past 12 quarters.
Expenses also increased 25% YoY to ₹2,535.8 Cr during the quarter.
For FY26, Nykaa’s consolidated net profit grew 182% to ₹203.9 Cr from ₹72.1 Cr in the previous fiscal, while operating revenue increased 26% YoY to ₹10,022.4 Cr.
Meanwhile, UBS retained its ‘Neutral’ rating on Nykaa with a target price of ₹290, citing the company’s widening competitive moat. However, it flagged valuations as a key bottleneck.
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