Analysts/Institutional Investor Meet/Con. Call Updates

Date: 5th November 2026 The National Stock Exchange of India Ltd. BSE Limited The Calcutta Stock Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Exchange Limited Bandra Kurla Complex Towers, Dalal Street 7, Lyons Range Bandra (E), Mumbai - 400 051 Mumbai - 400 001 Kolkata - 700 001 [Symbol: EVEREADY] [ Scrip Code: 531508] [Scrip Code: 000029] Dear Sirs / Madam, Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Transcript of Earnings Conference Call – Q2 FY27 In continuation to our letters dated 23rd October 2026 and 2nd November 2026 and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the Earnings Conference Call for Q2 FY27 held on 2nd November 2026. The transcript of the Earnings Call is available on the website of the Company at: https://www.eveready.in/investors/#investor-meet-call. This is for your information and record. Yours sincerely, For Eveready Industries India Limited Shampa Ghosh Ray Company Secretary Encl: as above Eveready Industries India Limited Q2 and H1 FY27 Earnings Conference Call” November 02, 2026 MANAGEMENT: MR. ANIRBAN BANERJEE – CHIEF EXECUTIVE OFFICER – EVEREADY INDUSTRIES INDIA LIMITED MR. BIBEK AGARWALA – EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER – EVEREADY INDUSTRIES INDIA LIMITED MR. ANIRBAN GHOSH – GENERAL MANAGER FINANCE AND HEAD OF INVESTOR RELATIONS – EVEREADY INDUSTRIES INDIA LIMITED MODERATOR: MR. ASHISH SAHU – ADFACTORS PR INVESTOR RELATIONS Eveready Industries India Limited November 02, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Eveready Industries India 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 call is being recorded. I now hand the conference over to Mr. Ashish Sahu from Adfactors PR Investor Relations. Thank you and over to you, sir. Ashish Sahu: Good evening everyone. Thank you and welcome to Eveready Industries India Limited Q2 and H1 FY27 earnings conference call. On the call, we have with us Mr. Anirban Banerjee, Chief Executive Officer, Mr. Bibek Agarwala, Executive Director and Chief Financial Officer, and Mr. Anirban Ghosh, GM Finance and Head of Investor Relations. Before we proceed with the call, I would like to mention that some of the statements made in this call may be forward-looking in nature and may involve risks and uncertainties that are difficult to predict. The company undertakes no obligation to update any forward-looking statements to reflect developments that occur after the statement is made. Documents related to the financial performance of the company, including the investor presentation, have been uploaded on the stock exchanges and the company's website. With this, now I hand over the conference call to Mr. Anirban Banerjee for the opening remarks. Thank you, and over to you, sir. Anirban Banerjee: Thank you. Good afternoon, everyone, and thank you for joining us for Eveready Industries earnings call for the 2nd quarter of the financial year 2027. We have already circulated a detailed presentation on the company's performance during the quarter, and I hope you found the information useful. I will focus on the key operational and performance updates. The quarter continued to be shaped by a volatile macroeconomic environment, heightened geopolitical tensions, the ongoing West Asia crisis, fluctuations in global commodity prices and currency movements contributing to continued uncertainty across global markets and the broader operating landscape. The consumption trends showed resilience despite the uneven monsoon conditions and persistent inflationary pressures for the quarter under review. Subpar rainfall created some uncertainties around the rural demand while rising commodity and input costs continued to pressure industry margins. Zinc prices remained elevated, registering a 36% increase on an average compared to prices per ton in the corresponding period last year. Inflationary pressures are also evident across chemicals, basic metals, and electrical equipment, adding to the cost pressure on our battery and lighting businesses. Despite these challenges, our proactive hedging strategy, calibrated pricing interventions and continued focus on operational efficiencies helped us manage input cost pressure and protect profitability during the quarter. Page 2 of 18 Eveready Industries India Limited November 02, 2026 And we will continue to closely monitor commodity price movements and take a measured approach to pricing acting where necessary to safeguard margins while maintaining competitiveness. During Q2, Eveready maintained its strong financial performance, delivering double-digit revenue growth and marking its 8th consecutive quarter of year-on-year revenue growth. Revenue for the quarter stood at INR 428.2 crores, registering a growth of 10.7% year-on-year. EBITDA grew by 8.9% year-on-year to INR 53.8 crores, with an EBITDA margin of 12.6%. Profit after tax was at INR 31.9 crores against a loss of INR 7.9 crores, which included an exceptional loss of INR 37.7 crores last year. This consistent performance reflects our continued focus on delivering sustainable profitable growth. Our distribution network continued to support our performance during the quarter with encouraging traction across both traditional and emerging channels. E-commerce and quick commerce channels penetration remained a key highlight, registering over 50% growth year on year in Q2, reflecting changing consumer purchasing preferences and our presence across digital platforms. We remain focused on strengthening our abilities to improve product accessibility and reach a wider consumer base. Moving to our battery business, the segment delivered a healthy performance during the quarter, supported by positive trends across our product portfolio. Alkaline batteries continued to be a key contributor, registering a year-on-year volume growth of 30% in Q2 FY27, reflecting the increasing consumer preference for high-performance batteries and the continued progress of our premiumization strategy. We grew our market share in the alkaline segment this quarter versus the same quarter last year. Our carbon zinc battery business remains stable during the quarter, registering growth despite elevated raw material costs and continued inflationary pressures. Through calibrated pricing actions and effective cost management, we navigated these challenges while maintaining the competitiveness and profitability of our core battery portfolio. The Jammu facility is now operational, with production being gradually ramped up in line with existing inventory levels and market demand. As production gains momentum, we expect improved capacity utilization in the coming quarters. The facility is expected to support greater manufacturing localization, improve cost efficiencies and strengthen our ability to meet rising demand for alkaline batteries. In our flashlights business, rechargeable flashlights continued to gain traction amongst consumers, registering 33.2% growth year-on-year during the quarter, supported by increasing adoption of rechargeable solutions and our expanding product offerings. Although demand for conventional battery- operated flashlights remains subdued, our rechargeable portfolio's performance more than offset this decline, enabling the overall business to grow. In the lighting business, emergency LED bulbs remained a key area of strength, delivering 26% year- on-year growth during the quarter, reflecting our continued efforts to build a stronger presence in emergency lighting supported by consumer demand for dependable [Showing first 8,000 characters — download PDF for full document]