Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 revenue grew 64.4% y-y to INR222.97 Cr; EBITDA margin improved 244 bps y-y to 18.9% - H1 FY27 revenue up 61.9% y-y to INR383.97 Cr; EBITDA margin expanded 219 bps to 19.2% - Freeze-dried coffee (FDC) capacity of 5,500 MT to start mid-FY28; total capacity to reach 16,500 MT - FY28-FY29 growth expected at 80-85% with full utilization of expanded capacity - Margin improvement of 3-4% expected at full 22,000 MT capacity by FY30 - Positive operating cash flow of INR51.16 Cr in H1 FY27; expected to continue - Equity dilution under consideration due to loan constraints; exploring alternatives - B2C expansion planned post-FY30 after capacity stabilizes - Export revenue ~85%, domestic ~15%; production Q2 at 2,737 MT, sales 2,581 MT - Risks: geopolitical issues affecting logistics and container availability