Nykaa Targets $5B GMV by FY30 and Over 40% ROCE
Nykaa outlines targets to exceed $5 billion GMV by FY30, aiming 2–3x beauty segment growth, about 3–3.5x fashion growth, and plans for 100 million consumers. The company also targets House of Nykaa NSV above ₹5,000 Cr, superstore GMV above ₹3,500 Cr, and ROCE over 40%. UBS keeps a Neutral stance, citing valuation limits despite improving competitive dynamics.