Pakka Limited held an Investor Conference Call through video conferencing on Tuesday, 3 November 2026, from 4:00 p.m. to 5:20 p.m. (IST) to discuss the company's unaudited financial and operational performance for the quarter and half year ended 30 September 2026. The call duration was approximately 1 hour 20 minutes.

The stated purpose was to discuss Q2 and H1 FY26-27 results and provide business updates. The meeting was held after the earnings announcement, as referenced by the submission of audio/video recording links prior to this transcript.

Management Participants:

  • Mr. Ved Krishna - Managing Director
  • Mr. Himanshu Kapoor - Non-Executive Non-Independent Director
  • Mr. Gautam Ghosh - Executive Director
  • Mr. Mayank Jindal - Chief Operating Officer
  • Mr. Shubham Tibrewal - Business Head – Food Services (Chuk)
  • Mr. Manoj Kumar Maurya - Chief Financial Officer
  • Mr. Sachin Kumar Srivastava - Company Secretary & Corporate Finance Head
  • Mr. Pranay Pasricha - Head – Brand & Marketing (Moderator)

The company confirmed that the transcript is being made available on the company's website at www.pakka.com and explicitly stated that no unpublished price sensitive information (UPSI) was shared or discussed during the call.

Financial Highlights Discussed:

  • Consolidated H1 FY27 revenue: ₹241 crore
  • Consolidated H1 EBITDA margin: 13.7%
  • Consolidated H1 profit margin: 7.3%
  • Q2 FY27 EBITDA margin: 14.2%
  • Wrap & Carry division H1 revenue: ₹205 crore (vs. ₹60 crore previous)
  • Wrap & Carry division PBT margin: 9.6% (vs. 2.4% previous)
  • Wrap & Carry volumes: 10,700 tonnes (vs. 7,600 tonnes same period last year)
  • Food Services division turned EBITDA positive for the first time
  • Food Services H1 revenue growth: 38% YoY
  • Food Services achieved highest-ever monthly sales in August 2026

Forward-Looking Statements and Strategic Themes:

Management discussed Project Jagriti expansion including PM4 paper machine, recovery boiler, 15 MW power plant, and pulp mill upgrade. PM4 is scheduled for commissioning in December 2026 with commercial production targeted for January 2027. The company is focusing on FlexC Base products with trials completed in Europe and already selling 500 tonnes monthly through outsourcing.

The company provided utilization targets for PM4: Q4 FY27 target of 45-50% average utilization, aiming for 75% utilization in FY 2027-28. Refinancing of the special situations loan from Neo is targeted for December 2027, requiring an EBITDA run-rate of ₹130-150 crore for comfortable refinancing.

Additional Notes Section

The document includes the complete transcript of the investor conference call with detailed Q&A session. No financial data attachments were included with this disclosure, though references were made to previous submissions of audio/video recordings. The transcript contains extensive operational updates but no new financial figures beyond those already disclosed in the earnings results.