Annual Report FY 2025-26

July 25, 2026 BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 544595 Scrip Symbol: ORKLAINDIA Subject: Annual Report for the financial year ended March 31, 2026 Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we are submitting herewith the Annual Report of the Company for the financial year 2025-26, which is being sent through electronic mode to those shareholders whose e-mail addresses are registered with the Company/Registrar and Transfer Agent (RTA)/ Depository Participants (DPs). Further, in accordance with Regulation 36(1)(b) of the SEBI Listing Regulations, the Company is also sending a letter to those shareholders whose e-mail addresses are not registered with the Company/RTA/DPs, providing the weblink from where the Annual Report for the financial year 2025- 26 can be accessed on the Company’s website. The Annual Report for FY 2025-26 is also available on our website at https://www.orklaindia.com/governance/annual-report/ Kindly take the above information on record. Thanking You, For Orkla India Limited (Formerly known as Orkla India Private Limited) Kaushik Seshadri Company Secretary and Compliance Officer Encl: as above ORKLA INDIA LIMITED (Formerly known as “Orkla India Private Limited”) Registered Office: No. 1, 2nd & 3rd Floor, 100 Feet Inner Ring Road, Ejipura, Ashwini Layout, Viveknagar, Bengaluru - 560 047, India CIN: L15136KA1996PLC021007 | T: +91 80 4081 2100/7 | Website: www.orklaindia.com | E-mail: contactus@orklaindia.com Orkla India Limited Annual Report 2025-26 Trust that feels like home Shaping the food of tomorrow Food has a unique way of becoming part of people’s lives. It is the familiar aroma that fills a home in the morning, the reassurance of recipes passed down through generations and the comfort of flavours that never feel distant, no matter how life changes. Over the years, our brands have become part of these moments by echoing the same familiarity and tradition while staying rooted in authenticity and evolving alongside changing consumer needs. ‘Trust that feels like home. Shaping the food of tomorrow.’ This idea reflects the trust we have built through iconic brands such as MTR and Eastern. This trust stems from more than quality alone, it is grounded in an intimate knowledge of regional culinary cultures, reliable delivery and a thoughtful regard for time-honoured food traditions. Today, changing lifestyles are transforming kitchens, meal habits and expectations around convenience. Consumers increasingly seek products that save time without compromising on authenticity or taste. This is where our purpose becomes even more relevant. From essential kitchen ingredients such as Spices to breakfast staples and convenient meal solutions, our portfolio caters to evolving consumer needs while preserving traditional flavours and culinary traditions. We are equally focused on building a business that is prepared for the future. We are strengthening and optimising our manufacturing network, investing in technology, building sustainable sourcing practices, increasing the use of renewable electricity and rethinking packaging to incorporate sustainability. Through our Cuisine centres of Excellence (CoE), we drive product and process innovation aligned with evolving consumer preferences, operational excellence and future-ready food solutions. We have also strengthened our Environment, Health and Safety (EHS) governance framework through robust compliance systems, preventive safety practices and continuous operational monitoring. These efforts are helping us build a more resilient business that is aligned with the expectations of a changing world. Our growing presence across India and international markets further reflects the growing presence of Indian flavours in households around the world. As we begin a new chapter as a listed Company, we will stand by the same principles that brought us here: quality, trust and authenticity. While the food and its formats of tomorrow may evolve, the feeling of home it created will always remain timeless. Contents 04-82 83-172 Corporate Overview 42 Capitalising on the Statutory Reports Opportunity Landscape About the Company 44 Performance Snapshot 83 Board’s Report Who We Are 45 Year under Review 107 Management Discussion and 06 About Orkla ASA 46 Awards and Accolades Analysis Report 08 About Orkla India Limited Our Recipe for Growth 116 Corporate Governance Report Business Overview 50 Strengthen Spices 140 Business Responsibility & 10 Domestic Business 52 Build Convenience Foods Sustainability Report 11 International Business 54 Operational and Capital Efficiency 173-348 Product Portfolio 56 Sales and Distribution 12 Domestic Portfolio Financial Statements 58 International Expansion 18 International Portfolio Sustainability at Core Legacy and Leadership 172 Standalone Financial Statements 62 Sustainability Strategy 24 Our Journey 258 Consolidated Financial Statements 63 Materiality Approach 25 Stepping onto the Public Stage 26 Board of Directors 64 ESG Goals 349-366 66 Environment Stewardship 32 Management Team 70 Our People and Culture Notice of Annual Performance 76 Empowering Communities, General Meeting 36 Message from the Chairman Enabling Growth 38 Message from the Managing 80 Governance 347 Notice Director & CEO Corporate Information Scan QR code to know more about us Forward-looking statements Certain statements contained in this Annual Report, including those relating to the Management Discussion and Analysis and other sections describing the Company’s objectives, plans, projections, estimates, expectations or future performance, may constitute forward-looking statements within the meaning of applicable laws and regulations. These statements are based on current assumptions, expectations and assessments of future developments. Actual results may differ materially from those expressed or implied in such statements due to various risks, uncertainties and other factors beyond the Company’s control. About the Company Orkla India is home to some of the country’s most loved food brands - MTR, Eastern and Rasoi Magic. Rooted in authentic regional flavours and backed by the global strength of Orkla, we have earned a trusted place in kitchens across India, with a strong presence in spices and convenience foods. About Orkla ASA Portfolio Companies* Orkla ASA is a leading industrial investment Company focused on branded and consumer oriented businesses. The Company adopts a long-term and strategic approach to its investments, creating value through a combination of strong brand expertise and active ownership. Orkla ASA exercises active ownership and takes a long-term, industrial approach to its portfolio companies. It invests in and owns companies in which it can contribute to further value creation through deep industry expertise, consumer insights and experience in building leading brands. Orkla ASA is listed on the Oslo Stock Exchange. Jotun Orkla Foods Orkla Food Ingredients Market capitalisation Group revenue (Billion)1 (Billion)2 Employees2 ~$12 ~$7 ~20,000 Legacy (years) Countries Portfolio companies 370+ 100+ 10 1 March 31, 2026 2 As of CY’25 Orkla Snacks Orkla Health Orkla India The European Orkla Home and Health and Sports Pizza Company Personal Care Nutrition Group Bjørn Wad Orkla House Care *Source- Orkla ASA CORPORATE OVERVIEW Orkla India Limited ABOUT ORKLA ASA Annual Report 2025-26 07 About Orkla India Limited Orkla India Limited is a leading multi-category food company. Vision Values It is a collection of heritage brands offering a diverse range of products under our well loved brands, viz; MTR, Eastern and Rasoi At Orkla India, we Magic. Its portfolio spans multiple categories, including bl [Showing first 8,000 characters — download PDF for full document]