Nykaa Shares Jump 8% To Fresh 52-Week High After Unveiling FY30 Roadmap; Targets Up To 3X Revenue Growth

Nykaa's Stock Soars Following Ambitious Growth Plans

Shares of FSN E-Commerce Ventures, the parent company of Nykaa, jumped more than 8% to reach a new 52-week high following the announcement of its bold roadmap for fiscal year 2030. The company has set an ambitious target to achieve a gross merchandise value of $5 billion.

This growth strategy is underpinned by a commitment to disciplined execution and a focus on capital-efficient investments. The announcement has clearly resonated with investors, underscoring confidence in Nykaa's future potential.