Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 revenue INR233 Cr +2.7% y-y; H1 revenue INR674 Cr +28% y-y - Q2 EBITDA INR53 Cr (25% margin); H1 EBITDA INR167 Cr +85% y-y; PAT INR70 Cr (21% margin), H1 PAT INR141 Cr +75% y-y - Almond Drops Hair Oil volume growth double-digit; growth led by small/medium packs and distribution expansion - Price hike planned in Q3: ~5% consumer price increase split between frontal price hike and ml-age reduction - Project Aarohan expanded direct reach by 1 lakh outlets; Aarohan 2.0 targets 10% urban and higher rural direct reach growth over 6 quarters - International business grew ahead of company average except Bangladesh; profitability improved - Gross margin volatile due to raw material inflation; cost savings helped maintain high EBITDA margin - Management optimistic on sustaining high teens revenue growth in FY27 and double-digit growth in FY28 - Multiple analyst queries on distribution expansion impact; management expects direct distribution increase to drive growth - No M&A updates; focus on brand strengthening, growth portfolio, and prudent financial management