Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 revenue grew 15% y-y; H1 revenue growth 15.1% vs 12.7% last year - Water Purifier business grew high teens with strong volume and pricing; market share gains - Emerging categories (robotic vacuum cleaners, water softeners, air purifiers) grew faster than average - Adjusted EBITDA grew 18.8% y-y; margin expanded 43 bps to 13.6%; commodity inflation pressured gross margins - Price increase of 3-4% planned post-Diwali; margin recovery expected in Q4 after transition in Q3 - Strong investments in advertising, sales promotion, and in-store visibility to drive growth - Service business stable; filter sales growth accelerated; new initiatives to boost AMC and customer engagement - Net cash surplus of INR304 Cr; working capital deployment normal for H1 with expected unwinding in H2 - Multiple analyst queries on pricing and service growth; management confident on sustained growth and margin stability