Nykaa's $5bn FY30 revenue target resurfaces, spotlighting AI-led growth and retail expansion
Resurfacing a June 2026 disclosure, Nykaa reiterated its target of $5 billion in revenue by FY30, backed by AI initiatives and offline expansion. The company had reported a fourfold rise in Q4 profit and 28% beauty revenue growth, while approving an additional stake acquisition in Earth Rhythm.
What happened
Nykaa targets $5 billion revenue by FY30 through AI-led initiatives and retail expansion. Its Q4 profit rose fourfold and beauty revenue grew 28%; the company
Key facts
- $5 billion revenue target by FY30
- 22% potential share upside
- Rs 335 JM Financial target price
- approximately 53x FY28 estimated EBITDA
- up to 30% upside potential
- Q4 profit up 4x
- beauty business revenue up 28%
Why this matters
The increased Earth Rhythm stake signals Nykaa’s intent to deepen ownership of differentiated beauty brands that can strengthen its omnichannel assortment and margin pool.