Analysts/Institutional Investor Meet/Con. Call Updates

Date: 02/11/2026 To, To, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza 5th Floor, Plot no. C/1, 25th Floor, P J Towers, Dalal Street, G Block, Bandra Kurla Complex, Fort, Mumbai – 400001. Bandra (East), Mumbai – 400051. SCRIP CODE: 544814 SYMBOL: KNACK Dear Sir/ Madam, Subject: Transcript of the Q2 & H1 FY27 Earnings Conference Call. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Transcript of the Earnings Call on Unaudited Financial Results (Standalone and Consolidated) of the Company for the second quarter and half year ended on 30th September 2026 (Q2 & H1 FY27 Earnings Conference Call) held on Wednesday, 28th October 2026. The said transcript is also available on the website of the Company at: www.knackpackaging.com. You are requested to take the same on your records. Thanking you, Yours faithfully, For Knack Packaging Limited Ravikumar Pasi Company Secretary & Compliance Officer Membership No.: ACS-28167 Encl.: As above “Knack Packaging Limited Q2 & H1 FY27 Earnings Conference Call” October 28, 2026 E&OE: THIS TRANSCRIPT IS EDITED FOR FACTUAL ERRORS. IN CASE OF DISCREPANCY, THE AUDIO RECORDINGS UPLOADED ON THE STOCK EXCHANGE ON OCTOBER 28TH, 2026, WILL PREVAIL MANAGEMENT: MR. ALPESH TULSIBHAI PATEL – CHAIRMAN AND MANAGING DIRECTOR – KNACK PACKAGING LIMITED DR. AJAY KUMAR DUBEY – CHIEF FINANCIAL OFFICER – KNACK PACKAGING LIMITED ADFACTOR PR – INVESTOR RELATIONS – KNACK PACKAGING LIMITED Page 1 of 19 Knack Packaging Limited October 28, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q2 and H1 FY27 Conference Call of Knack Packaging Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. We are pleased to have with us the senior management team led by our Chairman and Managing Director. Mr. Alpesh Tulsibhai Patel, and our Chief Financial Officer, Dr. Ajay Kumar Dubey, who will share his perspective on the company's performance for the quarter and the key business developments during the period. Before we begin, I would like to remind everyone that certain statements made during this call may be forward-looking in nature. These statements are based on current expectations and are subject to risk and uncertainties that could cause actual results to differ materially from those expressed or implied. I now hand the conference over to management. Thank you, and over to you. Management: Good afternoon, and thank you all for joining Knack Packaging Q2 and Half-Year 1 Financial Year 2027 earnings call. On the call, I am joined by Dr. Ajay Kumar Dubey, our Chief Financial Officer, and Adfactor PR, our Investor Relations partners. I'm pleased to share that Quarter 2 FY27 was a stable and strong growth for Knack Packaging. In Quarter 2 FY27, we delivered our highest ever quarterly revenue. On a consolidated basis, the revenue from operations rose 52.5%, EBITDA rose 29.9%, and PAT rose 21.2%, all on year- on-year basis. Talking about the industry, the first half of the year was a challenging period from an input cost perspective. The conflict in West Asia disrupted supplies and price of polypropylene. Our key raw material rose more than 50% within few weeks, and the prices remain elevated throughout the quarter. At the same time, disruption in the Red Sea increased the freight cost, which matters to us as an exporter to 75 countries. This factor exerted pressure on the industry as an increase in input and logistic costs outpaced the pace of corresponding selling price revision. Knack was impacted by this industry-wide cost pressure. However, with our 3 decades of experience, long-standing relationship with our vendor, and strong procurement ecosystem, we were able to mitigate the price rise. Talking about our EBITDA, it grew on absolute basis. However, the EBITDA margin was impacted in Q2 FY27. About 45% to 50% of our customers are on conversion cost model where the bag price moves with the polymer price. Page 2 of 19 Knack Packaging Limited October 28, 2026 But this price revision takes effect and we have already revised prices with our customer and initiated cost pass-through. And we expect this to reflect in our realization from Quarter 3 FY27 onwards, subject to market conditions stabilization. Despite this, we see immense growth in the industry. Our growth ahead lies in our competitive strength We have focused on 3 key pillars, which are product innovation, integrated manufacturing facility, and our long-term customer relationship. We work closely with major companies in food, pet nutrition, fertilizer, and other 25 plus industries, and many of our customers have grown with us. Packaging typically accounts for only about 1% to 2% of our customers' end product price, yet it is often the first physical touch point between a brand and its consumer and can influence the purchase decision, especially in the competitive categories. Once supplier has proven its reliability and consistency, customer rarely risks a change. As a result, our customer stickiness is very high. As on 30 September 2026, we served more than 2,040 customers with 13,974 SKUs, up from 2,000 customers and 13,500 SKUs at the end of Quarter 1 Financial Year 2027. Our export market contributed a significant part of our revenue during the half as of September 2026, and we sold to 75 countries across 6 continents, up from 74 countries at the end of Quarter 1 FY27 and 71 countries in FY26. Our exports included US, Europe, Asia, and Africa. Coming to H1 FY27, our top-line growth was driven by significantly higher export volumes, deeper wallet share with existing global FMCG, pet food, and agri customers and addition of new international accounts. We saw sustained demand from our premium bags both domestically and in our export market. Importantly, we began fulfilling orders from new customers ahead of our next phase of capacity expansion. As a recent update, on 2nd October 2026, we announced a new order and 3-year contract renewal worth about INR150 crores per year from an international customer, one of the largest private corporations in the world from the pet food and animal nutrition packaging, including in the United States. This renewal underscores our reliability and our product quality at a global scale. Looking ahead to the rest of FY27, our focus will be on profitable growth. Our priority is to restore our EBITDA margin as pricing adjustments flow through from Quarter 3 FY27 and then to improve it further by increasing the share of value-added products, controlling costs, leveraging our integrated setup. We also scaling up the Sayem Knack JV in Mexico towards breakeven and building our order book more stronger. Now I will hand over to Dr. Ajay Kumar Dubey, our CFO, who will provide the detailed financial highlights for Q2 and H1 FY27. Page 3 of 19 Knack Packaging Limited October 28, 2026 Ajay Kumar Dubey: Thank you, sir. Good afternoon, everyone. I will now walk through our consolidated financial performance for Quarter 2 Financial Year 2027 and H1 Financial Year 2027. Quarter 2 performance, revenue for Quarter 2 performance 2027, our consolidated revenue from operation was INR294.76 crores compared with the INR193.26 crores in Quarter 2 Financial Year 2026, a year-on-year growth increase of 52.5%. This growth was driven by the significantly higher export volume, deeper wallet share with the existing customers, new international accounts, and ramp-up of recently added capacity. About EBITDA and margin, our EBITDA for Quarter 2 Financial Year 2027 was INR49.77 crores compared with INR38.30 crores in Quarter 2 Financial Year 2026, up 29.9%. The [Showing first 8,000 characters — download PDF for full document]