Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, copy of transcript of the earnings conference call held on Monday, November 2, ....

AI summary - Consolidated revenue grew 13% in Q2FY27; EBITDA up 27%, PAT up 31% - India business volume growth 10%, international business 13% constant currency growth - Gross margin expanded ~600 bps y-y; EBITDA margin up 200 bps to 18.2% - India core brands, Foods (45% growth), Premium Personal Care, Digital-first and International all contributed - Annual outlook upgraded: teens revenue growth, mid-20s EBITDA growth, India volume growth double digits - Project SETU improved direct reach 1.5x, rural stockists nearly doubled; SETU 2.0 to focus on AI and premium GTM - Premium personal care shampoo expected to cross INR100 Cr ARR this year, medium-term target INR400-500 Cr - International growth driven by Vietnam, Bangladesh recovery, MENA and South Africa strong - EBITDA growth expected mid-teens in FY28; margin expansion of 120-150 bps in FY27 - INR20,000 Cr revenue target advanced to FY29, organic growth focus with potential inorganic upside