NYKAA : NET REVENUE GROWTH EXPECTED IN LATE TWENTIES

• Consolidated GMV expected to be close to thirties in Q2 FY2027. • Beauty vertical NSV and Net Revenue growth expected to be in late twenties. • Fashion vertical NSV and Net Revenue expected to be in late forties and early forties respectively. • New customer acquisition remained strong and continued to be an important growth driver. Impact: This Revenue Update for the quarter ended 30th September 2026 is provisional.

FSN E-Commerce Ventures Limited

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