Date: August 4, 2026

Financial Performance Summary

Quarterly Results (Q1 FY27)

| Metric | Q1 FY27 | Q1 FY26 | YoY Growth | Q4 FY26 | QoQ Growth |

| Revenue from Operations (INR crores) | 663.7 | 427.9 | +55.1% | 694.7 | -4.5% |

| EBITDA (INR crores) | 61.9 | 44.3 | +39.6% | 44.5 | +39.1% |

| Profit after Tax (INR crores) | 36.6 | 16.1 | +127.6% | 20.0 | +83.5% |

| PAT Margins (%) | 5.5% | 3.8% | - | 2.9% | - |

Note: PAT Margins calculated as PAT/Revenue show 5.5% for Q1 FY27 vs 3.8% for Q1 FY26 and 2.9% for Q4 FY26, indicating significant margin expansion.

Annual Comparison (Reference)

| Metric | Full Year FY26 |

| Revenue (INR crores) | 2,287.1 |

| EBITDA (INR crores) | 225.2 |

Performance Analysis

Revenue Growth Drivers:

  • Sustained demand across markets
  • Continued expansion in distribution network
  • Strong execution across the business

Profitability Improvement Factors:

  • Benefits of operating leverage
  • Disciplined cost management
  • Improved financial efficiencies
  • Focus on enhancing profitability while maintaining growth momentum

Margin Performance:

EBITDA margin stood at approximately 9.3% in Q1 FY27 (INR 61.9 crores/INR 663.7 crores), demonstrating operational strength despite higher revenue base.

Strategic and Operational Highlights

International Expansion:

  • Expanded distribution network in Oman through collaboration with Al Tasnim Group
  • Enhanced market reach in the region

Brand Building:

  • Appointed Collective Artists Network as official celebrity engagement partner
  • Initiative aimed at strengthening brand visibility and enhancing consumer engagement

Market Position and Business Overview

Company Profile:

  • Established in 2003, leading producer and exporter of basmati rice
  • Flagship brand: Aeroplane Rice
  • Other brands: La-Taste, Alibaba, World Cup, Hani, Palm Tree, Budallah, Sophia, Al Jazira
  • Ranks 3rd among peers in terms of revenue
  • Among few Indian branded rice players that have ventured into FMCG staples
  • Has 3rd largest installed production capacity compared to peers

Management Commentary

Mr. Jagdish Kumar Suri, Chairman & Managing Director:

On Performance:

"We are pleased to report an exceptional start to FY27, with the company delivering strong growth across all key financial parameters during the first quarter."

On Market Conditions:

  • Demand remained robust across key markets
  • Supported by increasing consumer preference for trusted branded rice products
  • Diversified revenue mix provides resilience
  • Global operating environment witnesses periodic uncertainties, including fluctuations in freight and logistics costs arising from geopolitical developments

On Risk Management:

  • Well positioned to manage challenges through diversified sourcing strategy
  • Strong customer relationships
  • Ability to effectively pass on incremental costs wherever required
  • These factors support stability of margins and overall business performance

Outlook:

  • Confident in sustaining growth trajectory
  • Supported by strong demand fundamentals
  • Continued investments in brand building
  • Wider distribution reach and increasing market penetration
  • Strengthened balance sheet, disciplined execution, and focus on operational excellence position the company to capitalize on emerging opportunities

Forward-Looking Statements Disclaimer

The document contains safe harbor language stating that forward-looking statements about expected future events and financial results are based on assumptions that the company does not guarantee. Actual results might differ substantially due to factors including industry downtrend, significant changes in political and economic environment, tax laws, litigation, labor relations, exchange rate fluctuations, technological changes, and other costs.