Please find enclosed the transcript of the investor conference held on Wednesday 29th June 2026, with regard to the business and financial performance of the Company for the quarter ended ....

AI summary - Q1 FY27 volume growth at 9%, decorative and industrial segments grew ~16.5% value-wise - Premiumization and innovation contributed 17% to revenues, supporting healthy margins - Rural markets outperformed urban; B2B growth strong, especially in urban areas - Standalone revenue grew 17%, PBDIT margin at 22%; consolidated revenue up 18%, PBDIT margin 20.6% - Input cost inflation high (~25%), weighted price increase ~7%, cost initiatives and backward integration underway - FY27 volume growth guidance maintained at 8-10%; margin guidance at 18-20% PBDIT - VAM-VAE backward integration plant commissioning in August; expected to improve cost competitiveness - Industrial segment margins pressured due to deferred price hikes; expected to normalize with time - Competitive intensity high across economy, premium, and luxury segments; focus on upgrading consumers - Multiple analyst queries on pricing impact, demand trends, and margin outlook addressed by management