Analysts/Institutional Investor Meet/Con. Call Updates

November 04, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai 400 001 Mumbai – 400 051 Ref: BSE Scrip Code – 544718 Ref: Symbol – PNGSREVA Sub: Transcript of the Earnings Call with Investors and/ or Analysts held on October 30, 2026 Dear Sir/ Madam, Pursuant to the provisions of Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, please find enclosed herewith the Transcript of Earnings Call held on Friday, October 30, 2026. The Transcript along with the audio recording is uploaded on the Company’s website. https://revabypng.com/investor-analyst-call Kindly take this on your records please. Yours sincerely, For PNGS Reva Diamond Jewellery Limited Kirti Vaidya Company Secretary & Compliance Officer ICSI M. No. A31430 “PNGS Reva Diamond Jewellery Limited Q2 & H1 FY27 Earnings Conference Call” October 30, 2026 MANAGEMENT: MR. AMIT MODAK – WHOLE TIME DIRECTOR AND CHIEF EXECUTIVE OFFICER – PNGS REVA DIAMOND JEWELLERY LIMITED MR. ADITYA MODAK – NON-EXECUTIVE DIRECTOR – PNGS REVA DIAMOND JEWELLERY LIMITED MODERATOR: MR. SUYASH SAMANT – STELLAR INVESTOR RELATION ADVISORS Page 1 of 18 PNGS Reva Diamond Jewellery Limited October 30, 2026 Moderator: Ladies and gentlemen, good day and welcome to the PNGS Reva Diamond Jewellery Limited Q2 and H1 FY27 Earnings Conference 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. Suyash Samant from Stellar Investor Relations Advisors. Thank you, and over to you, Mr. Samant. Suyash Samant: Thank you. Good afternoon, everyone and thank you for joining us today. We have with us today the senior management team of PNGS Reva Diamond Jewellery Limited. Mr. Amit Modak, Whole-Time Director and Chief Executive Officer and Mr. Aditya Modak, Non-Executive Director, who will represent PNGS Reva Diamond Jewellery Limited on the call. The management will be sharing the key operating and financial highlights for the quarter and half year ended 30, September 2026, followed by a question-and-answer session. Please note this call may contain some of the forward-looking statements, which are completely based upon the company's beliefs, opinions and expectations as of today. These statements are not a guarantee of the company's future performance and involve unforeseen risks and uncertainties. The company also undertakes no obligation to update any forward-looking statement to reflect development that occur after the statement is made. I now hand over the conference to Mr. Amit Modak. Thank you, and over to you, sir. Amit Modak: Thank you. Welcome to all. Wish you all the happy festival, which is coming up. Already Navaratri has passed on and we all have celebrated the Navaratri. So this is our third earnings call. First earnings call was last year for the Q3 performance, then there was a call for the Q1 performance and now this is a Q2 performance of FY27 or the H1 FY27. We are pleased to report that strong performance of Q2 and H1 '27 delivered almost 46% year- on-year revenue growth in Q2 of '27 and 76% overall in H1 '27, excluding gold sale is achieved. Our PPT and presentation is already there on the website as well as on the BSE site from where you can get updated all the figures in detail along with our commentaries. This growth is particularly encouraging given that Q2 of FY27 had no festival days as compared to FY26, there were nine last days of the September, which were the festival days of the Navaratri. Despite this difference in the festive calendar, we continue to witness healthy consumer demand, reflecting the resilience of Reva brand and the strength of our business model and more and more shift of the customer from the plain gold jewellery to the studded Jewellery and that to the natural diamond studded gold jewellery. Let me bring by sharing the operational highlights. During FY27, we launched three new COCO stores, one, we launched at the Amanora Mall, Pune at Hadapsar, another was launched at Nashik at College Road and one at Jaipur, which was the first outside Maharashtra for Reva. Including our first store outside Maharashtra, that is Rajasthan, Jaipur City, further strengthening our retail presence and expanding our reach into new market. Page 2 of 18 PNGS Reva Diamond Jewellery Limited October 30, 2026 Our COCO stores are performing in line with expectations and we remain focused on the expanding of our retail footprint through quality location and delivering the superior customer experience. If we go through rapidly, there are six EBOs right now. Just half an hour before, one EBO has started working at Bavdhan. So Wakad was the EBO, which was established prior to the IPO in last September end, then Paud Road, which was in the last week of March, then the Amanora Park, Amanora Mall that is established in the first week of July. Then Nashik was there at the end of the August. Then Jaipur, which was started outside Maharashtra, then Bavdhan, which is inaugurated today. And in this week, we will announce one more and that precise announcement will be there on the public domain through the exchange notification. We are proud to onboard Sharvari Wagh as our brand ambassador, brand face, marking an important milestone in Reva's growth journey. We all require some national level face and she is working with the Hindi movies, Hindi serials and she is known face for the North part of India, where we are going to launch our expansion outside Maharashtra. So Sharvari Wagh will be our brand face, which is known in the area wherever we are working. She is being the Marathi, she is getting attached with our brand, our legacy as well as she is very well known on the Pan India basis. We also successfully launched our e-commerce platform, revadiamonds.com, strengthening our digital presence and providing customers with an additional channel to explore our natural diamond jewellery collection. This initiative complements our retail expansion strategy and support our efforts to build a scalable retail and digital platform. Generally, in this kind of industry where pure gold, natural diamonds, certified diamond and all these things are getting traded, there is a limited scope for the online sale. But these online platforms or e-commerce platform gives the visibility of our entire product or the catalogue to the customer through which they can understand our product range and then can come to our showroom and shop it. So even though that online sale is not going to be a sizable one, but it will be helping us to cater the customer and giving them knowledge about our brand and product range, which we are going to cater. These operational initiatives were complemented by strong financial performance during the quarter and first half year of the year. There are two comparisons right now. It is a Q2 comparison with previous year Q2 as well as H1 comparison with previous year H1 comparison. There are two figures. Last year, there was some sizable sale of the gold scrap, which we received as the exchange gold as a consideration part of the consideration of the sale. But this year, even though we are receiving same quantity, but we are using it as a captive consumption because right now, since we are developing and we are getting newly fabricated jewellery. We require that and that's why there is no sizable gold sale as a B2B sale, which was there in the last year up to Q2 as well as up to last day of the year. During Q2 of FY27, revenue from Page 3 of 18 PNGS Reva Diamond Jewellery Limited Octobe [Showing first 8,000 characters — download PDF for full document]