Transcript of Earnings Call

AI summary - Q2 FY27 standalone revenue nearly INR 4,000 Cr, +21.7% nominal, volume growth 10.7% - Gross margin declined due to elevated input costs; EBITDA margin at 20.4% in Q2, 23.5% in H1 - International subsidiaries grew 21.8% with 53% EBITDA growth; domestic subsidiaries grew 22.2% - Price hikes of 12-15% taken in Q1; additional 3-5% hike in October to manage inflation - Urban and rural demand robust; urban growth slightly ahead in Q2 - AI adoption underway for sales, marketing, manufacturing to improve productivity - Construction chemicals and project business showing strong growth and market share gains - New product innovations launched, including Araldite Wud and Stone X for premium segments - Management confident of maintaining EBITDA margin in 20-24% corridor in H2 FY27 - Multiple analyst queries on margin recovery and pricing strategy; management expects margins at higher end of corridor