Post Earnings Conference Call Transcript of Q2 & H1 FY 27.

AI summary - Q2 volume growth approx. 15% with improved realizations; EBITDA margin rose from 14.4% in Q1 to 23% in Q2 - Brownfield capacity expanded from 2,000 to 3,500 tons/month; greenfield plant planned in Gujarat with INR 45-50 Cr capex - FY27 H2 EBITDA margin guidance 24-25%, subject to raw material price stability - Targeting INR 500 Cr revenue by FY28 and INR 1,000 Cr longer term via volume and geographic expansion - Marketing spend increased to ~7% of revenue in H1 FY27 to support growth - Working capital focus: aiming to reduce debtor days to ~120; channel financing initiatives underway - Digital marketing growing with 200k+ Facebook followers; influencer engagement increasing - OEM segment currently 6% of revenue, targeting 10-15% over 2-3 years - Repeat orders from ~50% of dealers within one year; dealer base expanded to 14,000 - Management confident in sustaining cash flow and growth investments through internal accruals