Nykaa says it aims to surpass $5 billion in gross merchandise value (GMV) by fiscal year 2030 (FY30), outlining long-term growth goals at an investor day. The company frames the target as reaching a platform scale that is roughly 2.5–3 times its current size. Alongside the GMV objective, Nykaa projects stronger profitability outcomes. It expects earnings before interest, taxes, depreciation and amortisation (EBITDA) to grow about four to five times over the period, with margins expanding into the low-to-mid teens. The plans also include geographic expansion, including growth in tier-3 locations, which is highlighted as part of how Nykaa intends to build its customer base and increase sales. Taken together, the disclosures present FY30 as a multi-year ramp-up in both revenue throughput (GMV) and operating performance (EBITDA and margin expansion), supported by broader market penetration. The company’s targets are presented as ambitions for the end of FY30 rather than near-term guidance.