Analysts/Institutional Investor Meet/Con. Call Updates

Ref-LTF/ SE/ 2026-27 Date: November 04, 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street Bandra Kurla Complex, Mumbai- 400001 Bandra (E), Mumbai – 400 051 Dear Sir/ Madam, Ref.: Code-532783 Scrip ID: LTFOODS Sub: Transcript of Investor/ Analysts Conference Call for the quarter ended September 30, 2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, copy of transcript of the Investor/ Analysts conference call held on Wednesday, October 28, 2026 on the un-audited financial results and operations of the Company for the quarter and half year ended September 30, 2026, is enclosed. In this regard, a transcript of the aforesaid Earnings Call is attached herewith. Further, the said transcript shall also be available on the website of the Company at https://ltfoods.com/ltfoodscms/uploads/investors/earningcalltranscript/earningcalltr anscript_1793705631.pdf Request you to take the above information on record. Thanking you, Yours Faithfully, For LT Foods Limited Monika Chawla Jaggia Company Secretary & Compliance Officer Encl: a/a “LT Foods Limited Q2 & H1 FY27 Earnings Conference Call” October 28, 2026 MANAGEMENT: MR. ASHWANI KUMAR ARORA – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER MR. SACHIN GUPTA – CHIEF FINANCIAL OFFICER MS. MONIKA CHAWLA JAGGIA – CHIEF CORPORATE DEVELOPMENT OFFICER MR. RITESH ARORA – CHIEF EXECUTIVE OFFICER, INDIA AND FAR EAST BUSINESS MODERATOR: MR. SUMANT KUMAR – MOTILAL OSWAL FINANCIAL SERVICES LIMITED LT Foods Limited October 28, 2026 Moderator: Ladies and gentlemen, good day and welcome to Q2 and H1 FY27 LT Foods Earnings Call. 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. Please note that this conference is being recorded. I now hand the conference over to Mr. Sumant Kumar from Motilal Oswal. Thank you and over to you, sir. Sumant Kumar: Thank you. Good evening, everyone and a very warm welcome to LT Foods to Q2FY27 Post Result Earnings Call hosted by Motilal Oswal Financial Services. On the call today, we have management team being represented by Mr. Ashwani Kumar Arora, MD and CEO, Mr. Sachin Gupta, CFO and Ms. Monika Chawla Jaggia, Chief Corporate Development Officer. We will begin the call with the key thoughts from the management team. Thereafter, we will open the floor for the Q&A session. I would now like to request the management to share their perspective on the performance of the company. Thank you and over to you. Monika Chawla: Thank you, Sumant, for the introduction. Along with us, we have Mr. Ritesh Arora as well. He is the CEO of India and Far East business. So, good evening, everyone and thank you for joining us today on the post Q2 and H1FY27 earnings conference call of LT Foods Limited. Before we begin, I would like to remind you that certain statements made during this call may constitute forward-looking statements. These statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. The result documents are available on our company's website as well as the stock exchanges. So, I'll start with a brief strategic update across our key geographies and businesses. Across markets, our priorities remain consistent, strengthen our brands, expand consumer reach, build differentiated portfolio, deepen distribution and invest in capabilities that support sustainable and profitable growth. I'll start with India. India continues to be a strong growth engine for LT Foods. Page 2 of 22 LT Foods Limited October 28, 2026 Our strategy is centered on premiumization, portfolio expansion, deeper distribution and digitally enabled execution. During the quarter, we strengthened our portfolio with Daawat Delight, Rozana Platinum, and new formats such as biryani gravy and biryani masala. We are also seeing encouraging traction in health-focused offerings, including brown, red and black rice, while our biryani kits have grown by 38% during the first half. Our brand investments are translating into measurable outcomes. Against category growth of approximately 1.3%, our branded portfolio grew by nearly around nearly 8%, supporting 140 basis point increase in market share on year-to-date basis. Household reach increased from 56.2 lakhs to 67.5 lakhs over the last year. Through our project Vistaar, we are increasing direct distribution, feet-on- street capabilities and assortment productivity. Alongside this, investments in supply chain and sales digitalization are improving forecasting, frontline execution and on-shelf availability. With branded basmati still significantly underpenetrated in India, we see a long runway to acquire consumers, premiumize the category and expand into adjacent consumption occasions. Now, I'll cover the United States. That United States remains our largest international market and an important growth engine supported by strong brands, category leadership and established omnichannel presence and strong distribution. We continue to strengthen our core rice portfolio while expanding into convenience-led and value-added consumption occasions. During the period, we advanced our ready-to-heat portfolio, expanding microwaveable formats and continued premiumization across Royal and Golden Star and rice. We are also investing in digital commerce and consumer discovery capabilities to keep our brands visible and relevant as the path to purchase increasingly moves across digital and AI-enabled platforms. Our ambition is to leverage our leadership into rice to build a broader branded foods platform in North America. Page 3 of 22 LT Foods Limited October 28, 2026 If I talk about Europe, Europe continues to be an important strategic market for us. While the operating environment remains challenging. We have made meaningful progress in strengthening the underlying business and creating a more scalable platform for the future growth. During the quarter, we further expanded our customer base and secured new mainstream private label business across Germany and the Nordic markets. We have strengthened our presence in France and are expanding our commercial coverage across Europe. Together, these initiatives are increasing our participation across both mainstream and ethnic channels and substantially broadening the opportunity available to us. At the same time, we remain sharply focused on improving the quality of the business through better product and channel mix, procurement efficiencies, automation, productivity improvement, and disciplined cost management. Our strategy from here is very clear. Scale the mainstream business, deepen our presence across key European markets, strengthen higher margin opportunities, and continue improving the efficiency of our operating model and keep growing and further strengthening the Daawat brand in ethnic market. Overall, Europe remains in a investment and scale-building phase, but the business today is on a stronger footing than it was few quarters ago. We have expanded our customer base, strengthened our commercial organization, and improved organized operating performance. Our focus now is on translating these gains into sustainable growth and progressively stronger profitability over the medium term. Middle East continues to be an attractive long-term growth opportunity for LT Foods despite being a highly competitive and fragmented market. During the period, the region delivered strong volume growth, outperforming both last year and growth was supported by deeper market penetration, expansion of private label partnerships, and continued strengthening of our core branded portfolio. We a [Showing first 8,000 characters — download PDF for full document]