Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 revenue grew 18.2% YoY to Rs 2,263 Cr; EBITDA rose 24.1% YoY to Rs 205 Cr with 9% margin, +40 bps YoY - PAT grew 65% YoY with 160 bps margin expansion; PBT excluding exceptional items up 36.2% - Price hikes of 11-16% taken across businesses, covering ~80% of RM cost increases - Strong volume growth in fans, pumps, appliances, and exports (+70% YoY), with exports led by fans in Africa, Middle East, South Asia - New businesses (solar rooftop, wires) growing; solar rooftop order execution >50%, ramp expected with Kusum 2.0 - Butterfly segment grew mid-teens; focus on premium portfolio and pan-India expansion - EBITDA margin target of 11-12% by FY29 on higher revenue base; growth driven by revenue and operating leverage - Inventory normalized to year-ago levels; supply chain disruptions resolved - Management confident of sustained double-digit revenue and profit growth trajectory