Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 standalone revenue 3,450 Cr (+49% y-y); H1 revenue 6,859 Cr (+35% y-y) - Q2 EBITDA 629 Cr (18.24% margin); H1 EBITDA 1,332 Cr (19.42% margin); PAT Q2 291 Cr, H1 723 Cr - Raw material and freight inflation headwinds expected to continue next quarters - Strategic tie-up with Pirelli for premium PCR tires, production start next calendar year, ramp to 8 lakh tires by 2030 - On-road tires contribute low single-digit volume; target 5% market share and 20% turnover by 2030 - Carbon Black business growing; 10% of revenue; capex completed; focus on specialty blacks - Capex spend H1 FY27 approx 1,850 Cr; net debt ~2,887 Cr as of Sept 30, 2026 - Freight cost ~6.5% of sales; expected to remain elevated; price hikes of 2-3% taken in India - Management targets EBITDA margin range of 20-25% long term