FSN E-Commerce Ventures Limited

Rs 4,182

e Nykaa Highlights 3 Q1 FY2026 Performance snapshot GMV Net Revenue Gross Profit EBITDA PAT Rs 4,182 Cr Rs 2,155 Cr Rs 962 Cr Rs 141 Cr Rs. 24 Cr 26% 23% 44.6% | 27% 6.5% | 46% 1.1% | 79% YoY

Rs 2,155

ights 3 Q1 FY2026 Performance snapshot GMV Net Revenue Gross Profit EBITDA PAT Rs 4,182 Cr Rs 2,155 Cr Rs 962 Cr Rs 141 Cr Rs. 24 Cr 26% 23% 44.6% | 27% 6.5% | 46% 1.1% | 79% YoY Growth YoY

Rs 962

FY2026 Performance snapshot GMV Net Revenue Gross Profit EBITDA PAT Rs 4,182 Cr Rs 2,155 Cr Rs 962 Cr Rs 141 Cr Rs. 24 Cr 26% 23% 44.6% | 27% 6.5% | 46% 1.1% | 79% YoY Growth YoY Growth %

Rs 141

ormance snapshot GMV Net Revenue Gross Profit EBITDA PAT Rs 4,182 Cr Rs 2,155 Cr Rs 962 Cr Rs 141 Cr Rs. 24 Cr 26% 23% 44.6% | 27% 6.5% | 46% 1.1% | 79% YoY Growth YoY Growth %NR | YoY Gr

Rs. 24

pshot GMV Net Revenue Gross Profit EBITDA PAT Rs 4,182 Cr Rs 2,155 Cr Rs 962 Cr Rs 141 Cr Rs. 24 Cr 26% 23% 44.6% | 27% 6.5% | 46% 1.1% | 79% YoY Growth YoY Growth %NR | YoY Growth %NR |

26%

Net Revenue Gross Profit EBITDA PAT Rs 4,182 Cr Rs 2,155 Cr Rs 962 Cr Rs 141 Cr Rs. 24 Cr 26% 23% 44.6% | 27% 6.5% | 46% 1.1% | 79% YoY Growth YoY Growth %NR | YoY Growth %NR | YoY Gr

23%

Revenue Gross Profit EBITDA PAT Rs 4,182 Cr Rs 2,155 Cr Rs 962 Cr Rs 141 Cr Rs. 24 Cr 26% 23% 44.6% | 27% 6.5% | 46% 1.1% | 79% YoY Growth YoY Growth %NR | YoY Growth %NR | YoY Growth

44.6%

ue Gross Profit EBITDA PAT Rs 4,182 Cr Rs 2,155 Cr Rs 962 Cr Rs 141 Cr Rs. 24 Cr 26% 23% 44.6% | 27% 6.5% | 46% 1.1% | 79% YoY Growth YoY Growth %NR | YoY Growth %NR | YoY Growth %NR |

27%

s Profit EBITDA PAT Rs 4,182 Cr Rs 2,155 Cr Rs 962 Cr Rs 141 Cr Rs. 24 Cr 26% 23% 44.6% | 27% 6.5% | 46% 1.1% | 79% YoY Growth YoY Growth %NR | YoY Growth %NR | YoY Growth %NR | YoY Gr

6.5%

fit EBITDA PAT Rs 4,182 Cr Rs 2,155 Cr Rs 962 Cr Rs 141 Cr Rs. 24 Cr 26% 23% 44.6% | 27% 6.5% | 46% 1.1% | 79% YoY Growth YoY Growth %NR | YoY Growth %NR | YoY Growth %NR | YoY Growth

46%

ITDA PAT Rs 4,182 Cr Rs 2,155 Cr Rs 962 Cr Rs 141 Cr Rs. 24 Cr 26% 23% 44.6% | 27% 6.5% | 46% 1.1% | 79% YoY Growth YoY Growth %NR | YoY Growth %NR | YoY Growth %NR | YoY Growth Margin

1.1%

PAT Rs 4,182 Cr Rs 2,155 Cr Rs 962 Cr Rs 141 Cr Rs. 24 Cr 26% 23% 44.6% | 27% 6.5% | 46% 1.1% | 79% YoY Growth YoY Growth %NR | YoY Growth %NR | YoY Growth %NR | YoY Growth Margin is co

“ROCE is calculated by dividing EBIT by capital employed (Net Worth + Net Debt) 47 Nykaa to acquire balance 40% stake in Nudge Wellness, now a wholly owned Nykaa subsidiary Beauty Supplement Market Opportunity ($ bn) Brand Overview Vitamins, Minerals, Supplements, and Functional F&B 11 D2C new age brand, with the aim to simplify nutrition and make it more convenient to consumers, one nudge at a time 11% CAGR 8 FY25 FY28E”

“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.”

Social media

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Notes

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Growth Drivers

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Social media

mynykaa Instagram page On-app brand storytelling Brand launches front & centre Emailer App Push Backed by the strongest customer base of premium beauty customers in India 11 Driving premiumization with focused campaigns: Nykaa Luxe Weekender Introduction of Lisa Haydon as the face of Nykaa Luxe Robust content & CRM strategy Retail & on-ground activations for the Luxe Weekender Homepage theming for the Luxe Weekender @mynykaa & @nykaaluxe Store screens Luxe squad Key Opinion Leaders Beauty Bars 12 Nykaa partners with L’Oréal Paris to bring Cannes glamour to India Representation from Nykaa at the 78th L’oreal Cannes Event, Paris Onsite Activation with 48 mn+ reach Offline activation across Luxe stores Exclusive launch of a LOréal Paris Lip Oil on Nykaa 13 India’s largest specialized beauty retail network 250 Stores* 82 cities Largest beauty store network 3 new cities and 2 new airports In Q1 2.5+ Lacs sq. ft Retail space +36% YoY Healthy growth across financial Metrics 33% YoY GMV Double

Notes

1. 2. Branding Media & Production Cost is part of Other expenses Includes GCC business and international business Q1FY26 Beauty Fashion 3,208 26% 1,834 25% 1,975 24% 819 170 234 415 250 165 44.6% 9.3% 12.8% 22.6% 13.6% 9.0% 964 25% 294 20% 171 15% 139 33 83 24 42 -18 47.3% 11.1% 28.2% 8.0% 14.2% -6.2% Total1 4,182 26% 2,137 24% 2,155 23% 962 203 318 440 299 141 45.0% 9.5% 14.9% 20.6% 14.0% 6.6% Q4FY25 Beauty Fashion 3,058 31% 1,757 26% 1,895 25% 779 162 212 404 236 168 44.4% 9.2% 12.1% 23.0% 13.5% 9.6% 1,037 18% 280 13% 161 11% 127 28 89 9 38 -29 45.4% 10.0% 32.0% 3.4% 13.6% -10.2% Total1 4,102 27% 2,043 24% 2,062 24% 909 192 304 413 280 133 44.5% 9.4% 14.9% 20.2% 13.7% 6.5% Q1FY25 Beauty Fashion 2,543 28% 1,470 21% 1,594 23% 633 142 168 323 198 126 43.1% 9.6% 11.4% 22.0% 13.4% 8.5% 774 15% 250 17% 149 21% 121 24 73 25 47 -23 49.4% 9.7% 29.6% 10.1% 19.4% -9.2% Total1 3,321 25% 1,718 21% 1,746 23% 756 167 241 348 252 96 44.0% 9.7% 14.0% 20.2% 14.7% 5.6% 46 Capital efficiency driving con

Growth Drivers

1. Young and informed shopper base: Gen Z and millennial consumers are now purchasing more wellness products and services than older generations 2. Rising Accessibility: Easy access to Digital marketplaces, D2Cs, and e- commerce 3. Changing Lifestyle choices: Increased adoption of nutraceuticals as a preventive measure, to supplement traditional treatments Established R&D and products Hydration Enhancers Gummies Multivitamin Omega 3 Collagen peptide Source: IMARC 48 Thank you Glossary Term Description Annual Unique Transacting Customers (AUTC) Unique customers identified by their email-id or mobile number who have placed at least one Order on our websites, mobile applications or physical stores during the last 12 months ended as on measurement date. Annual Transacting Customers, with respect to beauty and personal care, denotes Annual Transacting customers on the Nykaa websites and mobile applications and physical stores. Annual Transacting customers, with respect to Fashion, denotes A