Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q1 FY27 revenue grew 16.65% to INR 1,529 Cr; PBDIT up 26.46% to INR 88.46 Cr (5.79% margin) - Commodity and Forex pressures persist; no full pass-through to customers yet - Home Appliances revenue grew 18% in Q1; focus on channel expansion and product capacity - Engineering division grew 17%, capex plans include INR 110 Cr for stamping and battery projects - Services business grew 17% with double-digit profitability - SKU rationalization simplified portfolio, aiding cost and operational efficiency - Gross margin down 160 bps due to material costs; PBDIT margin improved to ~4.5% - AC segment growth 6-8%, top-load washers >20%, front-load washers 9-10%; targeting 7-10% AC market share - Cost savings of INR 120-150 Cr targeted for FY27; INR 42 Cr achieved in Q1 - Confident of sustaining ~20% revenue growth in Home Appliances and Engineering over next 2-3 years