Investor Presentaiton

Q3 FY24: Operating leverage below contribution to drive profitability % As % of Net Revenue Q3FY24 Employee Expense (As % of Net Revenue) All Values in Rs million Ahead of the curve investment in fashion and new businesses 9.6% 18.4% -8.3% -4.6% 5.5% 0.4% 0.2% 6.1% Contribution Margin Employee Expenses Other Expenses EBITDA Margin ESOP Expenses New business (GCC) Adj. EBITDA Margin Other expenses improvement due to G&A optimization while we continue to invest in Web & Technology Other expenses breakup (Q3FY24) Other G&A, 62% Web & Technology, 38% 8.7% 48 bps YoY improvement 8.3% FY22 FY23 Q3FY24 Other Expense (As % of Net Revenue) Ahead of the curve Investment in tech expenses 5.3% 42 bps YoY improvement 4.6% 4.1% FY22 FY23 Q3FY24 32

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