India, June 27 -- Listed beauty major Nykaa is targeting EBITDA (Earnings before interest, tax, depreciation and amortization) break-even for its fashion vertical in the ongoing financial year (FY26).

As per the company's investor presentation, Nykaa is planning to grow its fashion vertical by 3-4X in the next five years, on the back of product line expansion and new customer acquisition.

The company's fashion segment has grown at a 55% compound annual growth rate (CAGR) to INR 3,804 Cr gross merchandise value (GMV) in FY25 from INR 666 Cr in FY21. Besides, its cumulative customer base grew to 8 Mn in the year under review, from 700 K in FY21.

Notably, Nykaa's EBITDA grew 43% year-on-year (YoY) to INR 133 Cr in the fourth quarter of th...