Transcript of Q1 & FY 2026-2027 Post Earning Conference Call.

AI summary - Q1 FY27 revenue grew 17% y-y; volume growth contributed 10%, price hikes 7% - EBITDA margin impacted to 14.4% in Q1 due to raw material price spikes; margin expected to normalize to 23-25% in Q2 - Capacity expansion from 2,000 to 3,500 tons/month underway, expected to generate INR 600-650 Cr revenue - INR 45-50 Cr planned Greenfield capex for additional 1,500 tons/month capacity by FY29 - Carpenter network expanded to 210,000; strong brand acceptance supports volume growth - Employee costs rose due to increased sales force and appraisals; expected to stabilize at 11-13% of revenue - Trade receivables at INR 150 Cr; target to reduce debtor days to ~120 within 2-3 quarters - Domestic market focus with no near-term plans for exports; OEM segment revenue targeted to grow to 10-12% - Management confident of achieving INR 500 Cr revenue and 23-25% EBITDA margin by FY29