Nature of Disclosure: Regulatory filing pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, containing investor presentation on unaudited financial results for Q2 and H1 FY2027.

Financial Performance Highlights - Q2 FY27 (Consolidated):

  • Revenue from operations: ₹1,727 crore (highest ever quarterly revenue)
  • Other income: ₹41 crore
  • Total Income: ₹1,768 crore
  • Cost of goods sold: ₹1,159 crore
  • Gross Profit: ₹609 crore (34.5% margin)
  • Employee benefits expenses: ₹57 crore
  • Other expenses: ₹179 crore
  • EBITDA: ₹373 crore (21.1% margin)
  • Finance costs: ₹1 crore
  • Depreciation and amortization: ₹24 crore
  • Profit before tax: ₹349 crore
  • Tax Expenses: ₹90 crore
  • Profit after tax: ₹259 crore (14.6% margin)

YoY Growth (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: +14%
  • Total Income: +15%
  • Gross Profit: +35%
  • EBITDA: +45%
  • Profit before tax: +50%
  • Profit after tax: +50%

H1 FY27 Performance (Consolidated):

  • Revenue from operations: ₹3,223 crore
  • Other income: ₹105 crore
  • Total Income: ₹3,329 crore
  • Cost of goods sold: ₹2,154 crore
  • Gross Profit: ₹1,175 crore (35.3% margin)
  • Employee benefits expenses: ₹112 crore
  • Other expenses: ₹318 crore
  • EBITDA: ₹745 crore (22.4% margin)
  • Finance costs: ₹1 crore
  • Depreciation and amortization: ₹47 crore
  • Profit before tax: ₹697 crore
  • Tax Expenses: ₹177 crore
  • Profit after tax: ₹520 crore (15.6% margin)

YoY Growth (H1 FY27 vs H1 FY26):

  • Revenue from operations: +4%
  • Total Income: +6%
  • Gross Profit: +36%
  • EBITDA: +55%
  • Profit before tax: +61%
  • Profit after tax: +61%

Balance Sheet Metrics:

  • Total Inventory as of September 30, 2026: ₹2,203 crore (vs ₹2,279 crore as of September 30, 2025)
  • Strong credit ratings: ICRA AA(Stable) and ICRA A1+ (reaffirmed on October 21, 2026)
  • Net bank debt lower due to reduced net working capital and internal accruals

Business Segment Performance:

India Business:

  • Q2 FY27 domestic revenue (excluding power): ₹1,390 crore (highest ever)
  • YoY domestic revenue growth: +33%
  • Market leadership: 39.6% market share of basmati packaged rice in India (MAT Sep'26)
  • Distribution network: 850+ distributors, 3.3 lakh retail outlets
  • Channel market shares: General Trade 36.2%, Modern Trade 39.6%, E-commerce 41.1%

Export Business:

  • Exports declined YoY in Q2 FY27 due to lower demand from Middle East region

Strategic Initiatives:

  • Digitization of distributor journey through O2C Project with global consulting firm
  • Supply chain transformation with 13 C&Fs and 16 SS
  • Marketing campaigns: Raksha Bandhan (#ElaichiToMyBiryani), Ganesh Chaturthi, Grains of Hope 3.0 nutrition initiative
  • Regional pop culture integrations: Dadagiri Season 11 (West Bengal), Big Boss Season 10 (Tamil Nadu), Halli Power Reloaded (Karnataka)
  • New product launches: India's 1st Oil Control Pack (UPLIFE Heart Balance), Quinoa & Black Rice relaunch under UPLIFE brand

Operational Highlights:

  • Largest rice milling plant in Punjab
  • Largest contact farming network for rice
  • Strategically located manufacturing and procurement facilities
  • Robust cash flow with minimal debt reliance

Awards & Accolades:

  • Multiple awards for creative, brand strategy, brand evolution, visual identity
  • Best Mid-Day Meal Initiative 2025 for Grains of Hope
  • Excellence in Barclay's Family Business Awards
  • E4M Awards and LACP Awards for Annual Report

Forward-looking Statements: The presentation contains forward-looking statements subject to risks including market conditions, macroeconomic factors, regulatory trends, currency movements, competitive pressures, and technological developments.