Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 GMV grew 30% y-y to INR 6,151 Cr; net revenue up 28% y-y to INR 3,006 Cr - EBITDA rose 65% y-y to INR 263 Cr with margin expansion to 8.7%; PAT surged 207% y-y to INR 101 Cr - Beauty vertical NSV grew 28% y-y; Fashion NSV up 47% y-y with Fashion EBITDA breakeven at 0.2% - House of Nykaa brands NSV grew 39% y-y to INR 535 Cr; 82% stake acquired in Simply Nam brand - Nykaa Global Store brands growing 60%+ y-y; 338 beauty stores with 73 added in last year - Superstore grew scale 27%, onboarded 0.5 mn retailers across 1,200 cities; improved BDE productivity - Fashion business sustained profitability with 3rd consecutive profitable quarter; CAC down 30% - Marketing efficiency and scale driving margin expansion; long-term Fashion EBITDA guidance high single digits by FY30 - Nykaa Now quick commerce offers 1,000+ brands with 30-60 min delivery; economics similar to mainline orders - Management confident in sustaining growth, margin expansion, and capital efficiency improvements