Nykaa has achieved its highest EBITDA margin to date while expressing confidence about long-term growth prospects in the beauty sector, despite acknowledging challenges in providing specific financial guidance to investors and stakeholders.

Record Financial Performance

The company has delivered strong financial results with consolidated EBITDA reaching 8.00% of net revenue, representing a significant 63.00% year-over-year increase. This performance marks the company's highest EBITDA margin achievement to date, demonstrating the effectiveness of its operational strategies and market positioning.

Strategic Outlook and Market Position

Nykaa's leadership has expressed optimism about leveraging artificial intelligence and digital marketing to enhance business performance across its operations. The company expects AI and digital marketing initiatives to boost conversion rates and improve overall results, representing a key component of its strategy to enhance customer engagement and drive business growth in the competitive beauty and personal care market.

Beauty Business Portfolio Confidence

The company believes each of its four beauty businesses has the potential to enhance profitability. This optimistic outlook reflects Nykaa's confidence in its diversified beauty portfolio and the underlying strength of its business model across different segments of the beauty and personal care market. The beauty sector continues to demonstrate robust growth momentum, creating favorable conditions for the company's operations.

Guidance Challenges Despite Strong Performance

Despite achieving record EBITDA performance and expressing confidence about long-term EBITDA margin growth in the beauty sector, Nykaa faces challenges in providing specific gross profit margin guidance. The company's management continues to highlight the complexity of providing precise financial forecasts, reflecting the dynamic nature of the retail and e-commerce landscape where rapid changes in consumer behavior and market conditions can make accurate forecasting challenging.

Nykaa shareholders have overwhelmingly approved the re-appointment of Ms. Falguni Nayar as Executive Chairperson, Managing Director and Chief Executive Officer for a five-year term through a postal ballot process concluded on January 28, 2026. The resolution received strong support from across all shareholder categories, demonstrating confidence in the leadership's continued stewardship of the e-commerce platform.

Voting Results and Participation

The postal ballot, conducted entirely through e-voting from December 30, 2025, to January 28, 2026, saw significant shareholder participation with 92.22% of total shareholders casting their votes. The resolution was passed as an ordinary resolution with the requisite majority.

Category-wise Voting Pattern

The voting results revealed strong support across different shareholder categories, with promoters showing unanimous backing for the resolution.

Regulatory Compliance and Process

The postal ballot was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations. Mr. Vishwanath, a Practicing Company Secretary and Designated Partner of M/s. Sharma and Trivedi LLP, served as the appointed Scrutinizer for the e-voting process. The scrutinizer was appointed by the Board of Directors through a resolution dated November 7, 2025.

The company followed the regulatory framework established by MCA circulars and SEBI guidelines, conducting the entire process electronically. Notice of the postal ballot was sent via email to shareholders whose email addresses were registered with depositories as of the cut-off date of December 24, 2025.

Publication and Transparency

In compliance with regulatory requirements, FSN E-Commerce Ventures published advertisements in multiple newspapers including Financial Express, The Free Press Journal (English), and Navshakti (Marathi) on December 30, 2025, informing shareholders about the postal ballot notice dispatch. The voting results and scrutinizer's report have been made available on the company's website and will be displayed at both the registered office and corporate office.

The successful completion of this postal ballot process reinforces shareholder confidence in the company's leadership structure and strategic direction under Ms. Falguni Nayar's continued guidance as Executive Chairperson, Managing Director and Chief Executive Officer for the next five years.