Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 consolidated revenue 1,768 Cr +15% y-y; domestic revenue +33%, export revenue down 41% - EBITDA margin 21.1% vs 16.6% y-y; PAT 159 Cr (14.6% margin) vs 172 Cr (11.2%) y-y - Domestic branded rice volume growth 18-19% y-y; consumer pack volume +18% in Q2 - Export recovery depends on Middle East stability; potential to double exports if Iran-US agreement - Q3 EBITDA guidance 16-20%, likely near 20%; domestic volume growth target 10% for FY27 - Inventory: 31k tons paddy, 278k tons rice; cash balance 2,895 Cr - Dividend policy 15% profit payout, potential for higher dividend - Market share: India Gate leads basmati category with ~36-41% share across channels