FSN E-Commerce Ventures Limited

Rs 4,102

e Nykaa Highlights 3 Q4 FY2025 Performance snapshot GMV Net Revenue Gross Margin EBITDA PAT Rs 4,102 Cr Rs 2,062 Cr 44.1% Rs 133 Cr Rs. 19 Cr 27% 24% +151 bps 6.5% | 43% 0.9% | 110% YoY Growt

Rs 2,062

ights 3 Q4 FY2025 Performance snapshot GMV Net Revenue Gross Margin EBITDA PAT Rs 4,102 Cr Rs 2,062 Cr 44.1% Rs 133 Cr Rs. 19 Cr 27% 24% +151 bps 6.5% | 43% 0.9% | 110% YoY Growth YoY Growt

44.1%

FY2025 Performance snapshot GMV Net Revenue Gross Margin EBITDA PAT Rs 4,102 Cr Rs 2,062 Cr 44.1% Rs 133 Cr Rs. 19 Cr 27% 24% +151 bps 6.5% | 43% 0.9% | 110% YoY Growth YoY Growth Chang

Rs 133

Performance snapshot GMV Net Revenue Gross Margin EBITDA PAT Rs 4,102 Cr Rs 2,062 Cr 44.1% Rs 133 Cr Rs. 19 Cr 27% 24% +151 bps 6.5% | 43% 0.9% | 110% YoY Growth YoY Growth Change YoY %N

Rs. 19

snapshot GMV Net Revenue Gross Margin EBITDA PAT Rs 4,102 Cr Rs 2,062 Cr 44.1% Rs 133 Cr Rs. 19 Cr 27% 24% +151 bps 6.5% | 43% 0.9% | 110% YoY Growth YoY Growth Change YoY %NR | YoY Gro

27%

GMV Net Revenue Gross Margin EBITDA PAT Rs 4,102 Cr Rs 2,062 Cr 44.1% Rs 133 Cr Rs. 19 Cr 27% 24% +151 bps 6.5% | 43% 0.9% | 110% YoY Growth YoY Growth Change YoY %NR | YoY Growth %N

24%

Net Revenue Gross Margin EBITDA PAT Rs 4,102 Cr Rs 2,062 Cr 44.1% Rs 133 Cr Rs. 19 Cr 27% 24% +151 bps 6.5% | 43% 0.9% | 110% YoY Growth YoY Growth Change YoY %NR | YoY Growth %NR | Y

151 bps

venue Gross Margin EBITDA PAT Rs 4,102 Cr Rs 2,062 Cr 44.1% Rs 133 Cr Rs. 19 Cr 27% 24% +151 bps 6.5% | 43% 0.9% | 110% YoY Growth YoY Growth Change YoY %NR | YoY Growth %NR | YoY Growth

6.5%

oss Margin EBITDA PAT Rs 4,102 Cr Rs 2,062 Cr 44.1% Rs 133 Cr Rs. 19 Cr 27% 24% +151 bps 6.5% | 43% 0.9% | 110% YoY Growth YoY Growth Change YoY %NR | YoY Growth %NR | YoY Growth Margi

43%

gin EBITDA PAT Rs 4,102 Cr Rs 2,062 Cr 44.1% Rs 133 Cr Rs. 19 Cr 27% 24% +151 bps 6.5% | 43% 0.9% | 110% YoY Growth YoY Growth Change YoY %NR | YoY Growth %NR | YoY Growth Margin is c

0.9%

EBITDA PAT Rs 4,102 Cr Rs 2,062 Cr 44.1% Rs 133 Cr Rs. 19 Cr 27% 24% +151 bps 6.5% | 43% 0.9% | 110% YoY Growth YoY Growth Change YoY %NR | YoY Growth %NR | YoY Growth Margin is compute

110%

PAT Rs 4,102 Cr Rs 2,062 Cr 44.1% Rs 133 Cr Rs. 19 Cr 27% 24% +151 bps 6.5% | 43% 0.9% | 110% YoY Growth YoY Growth Change YoY %NR | YoY Growth %NR | YoY Growth Margin is computed as %

“No representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts in the Presentation, if any, are correct or that any objectives specified herein will be achieved.”

Notes

2

Notes

1. 2. Branding Media & Production Cost is part of Other expenses Includes GCC business and international business Beauty 3,058 31% 1,757 26% 1,895 25% 779 163 157 55 404 236 168 44.4% 9.2% 9.0% 3.1% 23.0% 13.5% 9.6% Q4FY25 Fashion 1,037 18% 280 13% 161 11% 127 28 84 6 9 38 -29 45.4% 10.0% 29.9% 2.0% 3.4% 13.6% -10.2% Total1 4,102 27% 2,043 24% 2,062 24% 909 192 244 61 413 280 133 44.5% 9.4% 11.9% 3.0% 20.2% 13.7% 6.5% Beauty 3,390 32% 1,882 26% 2,060 27% 818 175 190 53 400 235 165 43.4% 9.3% 10.1% 2.8% 21.2% 12.5% 8.8% Q3FY25 Fashion 1,130 8% 329 14% 199 21% 169 33 101 6 29 47 -18 51.3% 10.0% 30.5% 2.0% 8.8% 14.1% -5.4% Total1 4,528 25% 2,219 24% 2,267 27% 991 209 293 60 430 289 141 44.7% 9.4% 13.2% 2.7% 19.4% 13.0% 6.3% Beauty 2,338 34% 1,398 28% 1,519 28% 595 128 121 40 306 179 126 42.6% 9.2% 8.6% 2.9% 21.9% 12.9% 9.0% Q4FY24 Fashion 876 26% 248 24% 145 31% 114 26 62 4 21 43 -22 45.8% 10.4% 25.2% 1.8% 8.4% 17.2% -8.8% Total1 3,217 32% 1,649 28% 1,668 28% 710 155 186 45 325 232 93 43.

Notes

1. 2. Branding Media & Production Cost is part of Other expenses Includes GCC business and international business Beauty 11,775 30% 6,674 24% 7,251 25% 2,912 628 620 193 1,471 878 593 43.6% 9.4% 9.3% 2.9% 22.0% 13.2% 8.9% FY25 Fashion 3,804 12% 1,125 14% 675 19% 552 110 331 23 89 182 -93 49.0% 9.7% 29.4% 2.0% 7.9% 16.2% -8.3% Total1 15,604 25% 7,823 23% 7,950 24% 3,477 742 958 216 1,560 1,086 474 44.4% 9.5% 12.3% 2.8% 19.9% 13.9% 6.1% Beauty 9,055 28% 5,362 25% 5,810 24% 2,292 496 462 138 1,195 730 466 42.7% 9.3% 8.6% 2.6% 22.3% 13.6% 8.7% FY24 Fashion 3,385 26% 988 27% 568 26% 443 110 255 16 62 164 -102 44.8% 11.1% 25.8% 1.6% 6.3% 16.6% -10.3% Total1 12,447 28% 6,355 26% 6,386 24% 2,739 608 720 154 1,256 910 346 43.1% 9.6% 11.3% 2.4% 19.8% 14.3% 5.4% 49 Efficient Capex Utilisation Capex (Rs Cr)* Capex as % of Revenue Category wise capex* – FY25 205 5% 183 4% 250 200 150 100 50 0 115 2% 128 2% 6% 5% 4% 3% 2% 1% 0% 35% 42% Rs 128 Cr 23% FY22 FY23 FY24 FY25 Store Warehouse Tech Capex opt