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Business Standard
26-06-2025
- Business
- Business Standard
Nykaa seeks four-fold growth in fashion business, ebitda-breakeven by FY26
FSN E-Commerce Ventures, which runs beauty products retailer Nykaa, aims to grow its fashion business three- to four-fold in five years, on the back of strong repeat business to improve margins. The company expects to have a steady-state profitability of 10 per cent ebitda margin over five years. It hopes Nykaa Fashion will be ebitda-breakeven as early as FY26. Ebitda, short for earnings before interest, taxes, depreciation and amortisation, was a negative 8.3 per cent last year. FSN E-Commerce told analysts about its plans on its Annual Investors Day on Thursday. It announced that House of Nykaa, the company's portfolio of brands, seeks a gross merchandise value (GMV) of Rs 6,000 crore by FY30, growing at a compounded annual growth rate (CAGR) of 30 per cent. The House of Nykaa crossed Rs 2,100 crore in GMV in FY25. Five brands crossed Rs 100 crore in GMV, including three at over Rs 200 crore. In FY25, Nykaa Fashion had a gross merchandise value (GMV) of Rs 3,800 crore. FSN E-Commerce announced the launch of NykaaNow, a service to fulfil orders in 30 to 120 minutes in seven cities. The company presently fulfils about 80 per cent of orders in 12 cities the same day or next. In 110 cities, as many as 70 per cent of orders are fulfilled the same day or next. The company said its total GMV has grown 42 per cent CAGR in five years, more than double the broader ecommerce market's CAGR of 18-20 per cent. It has more than 42 million customers and an omnichannel network of 237 stores. 'Over the last five years, our beauty business has scaled 5X and fashion has grown 20X, outpacing the broader ecommerce growth. Even in a cautious macro, we've continued to grow with discipline and purpose. Beauty remains a powerhouse, our B2B [business to business] play is scaling well, and we see recovering momentum in fashion,' said Falguni Nayar, executive chairperson, founder and chief executive officer of Nykaa. Nykaa said Gen Z customers comprise 44 per cent of spending on beauty, personal care, and cosmetics products. Global brands like CHANEL, Kérastase, YSL, NARS and Eucerin are expanding fast on Nykaa's platform, it said.
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Business Standard
26-06-2025
- Business
- Business Standard
Nykaa eyes 3-4x growth in fashion, targets EBITDA breakeven by FY26
FSN E-Commerce Ventures, the parent company of beauty and personal care brand Nykaa, aims to grow its fashion business—Nykaa Fashion—by 3–4x over the next five years, with a profitability target of 10 per cent EBITDA margins. Nykaa is betting on improved margins on the back of strong repeat business along with growth in its own brands. Nykaa is expecting the fashion business to be EBITDA breakeven by FY26. For FY25, the EBITDA was a negative 8.3 per cent. The company outlined its future focus to analysts at its Annual Investors Day. It also announced that House of Nykaa, its brand business, is targeting a GMV of Rs 6,000 crore by FY30, growing at a compounded annual growth rate of 30 per cent. Nykaa also announced the launch of NykaaNow. The firm is aiming for order fulfilment in 30–120 minutes and is available in seven cities. At present, about 80 per cent of orders in the top 12 cities are fulfilled the same day or next day, whereas across 110 cities, 70 per cent of orders are fulfilled the same day or next day. The company said that its total GMV has grown at a compound annual growth rate (CAGR) of 42 per cent over the past five years, more than double the broader e-commerce market CAGR of around 18–20 per cent. Its customer base now exceeds 42 million, and its omnichannel network has expanded to 237 stores. Falguni Nayar, executive chairperson, founder and chief executive officer, Nykaa, said: 'Over the last five years, our beauty business has scaled 5x and fashion has grown 20x, outpacing the broader ecommerce growth. Even in a cautious macro, we've continued to grow with discipline and purpose. Beauty remains a powerhouse, our B2B play is scaling well, and we see recovering momentum in fashion.' Nykaa also said that premiumisation is accelerating, with Gen Z now accounting for 44 per cent of BPC spend. Global brands like CHANEL, Kérastase, YSL, NARS and Eucerin are scaling fast on Nykaa's platform, with many in the top 100, said the company.
