Transcript of Earnings Call

AI summary - Q4FY26 revenue 80.54bn +8.1% y-y; EBITDA 9.45bn (margin 11.7%); PAT 6.93bn (margin 8.5%) - FY26 revenue 246.05bn +1.0% y-y; EBITDA 24.08bn (margin 9.8%); PAT 16.85bn (margin 6.8%) - FY27 revenue growth targeted at mid-teen digits; early double-digit EBITDA margin guidance - Export expansion key growth driver; Essential Series exports to 22 countries; Sri City plant capex 50bn INR - Localization at 55.2%, targeting 1-2% annual increase; premium and mass-premium product focus - New product categories: French door refrigerators, chest freezers, fixed-speed ACs, dishwashers gaining traction - Channel inventory manageable; strong demand recovery in Q1 FY27; price hikes taken with no immediate plans for more - Margin improvement levers: localization, operating leverage, richer product mix, scaling AMC and B2B revenues - Multiple analyst questions on margin pressure and export growth; management confident on margin recovery and export expansion