Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q1 FY27 revenue 1,402 Cr +89.5% y-y; EBITDA 208 Cr +20%, margin 14.8% +604 bps y-y; PAT 142.2 Cr +332.5% y-y - Price hikes of 10-20% taken gradually; total expected ~25% for FY27 - Backward integration in housing, cables, lenses to add margin basis points; scale-up from Q3 FY27 - New product launches: CP PLUS Pro series (Q3-Q4 FY27), Home IoT devices, industrial robots, drone cameras - Manufacturing capacity 2.5 mn units/month, 85-90% utilization; capacity doubling planned over 3 years - Market share 43.3% in Indian video surveillance FY26; strong brand moat and distribution - Supply chain diversified; 55-60% BOM imported mainly from Taiwan; hedging forex exposure at 85-90% - Export focus planned in 18-24 months after capacity ramp and product field testing