Bengaluru, June 18 -- Shares of Nykaa parent FSN E-Commerce Ventures Ltd rose over 7% on Thursday after the company said it is targeting gross merchandise value (GMV) of more than $5 billion by FY30, up from nearly Rs.20,000 crore in FY26.

The beauty and fashion retailer, at its investor day event on Wednesday, said it expects its overall business to grow 2.5-3x its current levels in the next four years, supported by expansion across its core beauty platform, fashion business, retail store network and owned brands.

At 1140 am, the company's shares were trading at their new 52-week high of Rs.301 apiece, up over 7% from the previous close. The stock has gained about 50% in the last one year, with investors rewarding the company's improvi...