Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 revenue grew 32.5% y-y to ₹2,845 Cr; EBITDA up 46.6% to ₹624 Cr; PAT more than doubled to ₹232 Cr - India revenue +35.3% y-y to ₹1,668 Cr; EBITDA margin expanded to 16%; 143 net new stores added - International revenue +29.5% y-y to ₹1,201 Cr; EBITDA margin improved to 10.6% - 80 lakh eye tests globally (+40% y-y); 3,624 stores worldwide; Hustlr ₹500 glasses gaining traction - Hyderabad plant commissioning in ~12 months to boost automation and capacity - AI-assisted eye test pilot live; potential to increase optometrist productivity 10x - Smart glasses launched April 2026; available in 500 stores; focus on quality and software updates - Long-term margin target 25% driven by owning full supply chain and technology integration - Multiple analyst queries on margin trajectory and international growth; management confident on volume-led expansion