Please see the attached Transcript of the Earning Call held on 10th August 2026 on the unaudited standalone and consolidated financial results for the quarter ended 30th June 2026.

AI summary - Q1 FY27 consolidated revenue 2013 Cr, +78% y-y; annualized run rate ~8050 Cr - Gross margin improved to 9.3% (+27 bps q-q) driven by 14% non-22 KT and 2.1% studded jewelry share - EBITDA 157 Cr (7.8% margin); operating PAT crossed 100 Cr for first time - Operating cash flow positive at ~30 Cr; net debt 540 Cr; working capital ~60 days - Capacity utilization ~60%; capex 80-100 Cr planned post-2028 for expansion - CEO Akash Talesara appointed; focus on Advance Gold growth to 15-30% by 2030 and export expansion - FY27 revenue guidance ~8100 Cr; possible revision post-Diwali; FY28 growth expected 30-35% - Long-term vision to be net debt-free by 2030 with 5.25% PAT margin and strong cash flow conversion - Shift to design-led, value-added products and international markets driving margin and growth - Multiple analyst queries on margin sustainability and volume growth; management confident in guidance