Please find enclosed herewith Transcript of the Earnings Call held with Analyst/Investors on August 13, 2026

AI summary - Q1 FY27 revenue grew 15.3% y-y to INR701 Cr, driven by broad-based product growth, especially water purifiers - Water purifier category grew high teens with double-digit volume growth; emerging categories like robotics and softeners showed strong growth - Adjusted EBITDA margin declined 46 bps y-y to 10.5% due to gross margin moderation and higher growth investments - Gross margin at 58.4%, down 131 bps y-y due to commodity costs and currency impact; price hikes calibrated to balance growth and margin - Service revenue growth steady; AMC price hikes (3-12%) caused some booking deferrals, expected to normalize - Strong focus on filter portfolio growth and digital initiatives to drive customer awareness and service revenue - Market share gains in water purifier driven by consumer propositions and execution, not competitor supply issues - FY27 EBITDA margin expected broadly in line with last year, with cost efficiencies and operating leverage offsetting pressures - Robotics segment expected to be INR1000 Cr business by FY30, leveraging full portfolio, service network, and brand strength - Long-term ambition: 2x revenue and 3x EBITDA by FY30, with strong growth in core and emerging categories - Ongoing cost optimization and productivity initiatives in place to maintain margins amid inflationary pressures