Investor Presentation

05th November, 2026 The Manager, BSE Limited, National Stock Exchange of India Limited Department of Corporate Services, “Exchange Plaza”, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East) Mumbai 400 051 Script Code: 514448 Symbol: - JYOTIRES Dear Sir/Madam, Subject –Investor Presentation on Financial Results for Q2 FY 2027. Ref: - Regulation 30 of SEBI (LORD) Regulation, 2015 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Q2 and FY27 Investor Presentation on un-audited Financial Results of the Company for the Quarter and Half Year ended on September 30, 2026. A copy of the presentation is enclosed for your records. Kindly take the same on your records. Thanking you, For, Jyoti Resins and Adhesives Limited Utkarsh Patel Managing Director DIN: 02874427 JYOTI RESINS AND ADHESIVES LTD Q2 & H1 FY27 - INVESTOR PRESENTATION Building India’s Trusted Carpenter-Driven Adhesive Brand FINANCIAL PERFORMANCE HIGHLIGHTS INVESTOR PRESENTATION 2 PERFORMANCE SNAPSHOT – Q2 & H1FY27 Update the Company has delivered ~15% volume Revenue growth led by volume growth on a strong base of Q2FY26 in a growth + price increase whole seasonally weak quarter 31.3% Slide Rs 976.7 mn Price increases taken in Q1 saw positive impact during the quarter helping improve realisations and EBITDA Margins Revenue EBITDA Margins bounced back from 14.4% levels in Q1 to 23% level in Q2 7.7% 9.9% Rs 225.0 mn Rs 184.8 mn EBITDA Margin expected to be VAM continues to be volatile due to at 24-25% levels in H2 subject to no freight rates led by the current Operating EBITDA Net Profit further sharp increase in raw material geopolitical scenario. prices. ❖ Net Cashflow from Operating Activities Stood at Rs. 461.6 Mn ❖ Entered Odisha market in Q2FY27, thereby expanding presence to 16 states. ❖ Sales force increased to ~650 members (vs. 562 in Q1FY27). 62.9% 23.0% 18.9% ❖ Branch network expanded from 54 to 61, while retailer base expanded to 14,000. Gross Margin EBITDA Margin PAT Margin ❖ Carpenter reach grew 355,000, with the Active Carpenter base increased to 212,000. Brownfield expansion Completed Current Capacity : 3,500 MT per month (Annualised : 42,000 MTPA) INVESTOR PRESENTATION 3 QUARTERLY INCOME STATEMENT (AllvaluesinRsMn.) Q2FY27 Q1FY27 Q2FY26 YoY% QoQ% H1FY27 H1FY26 Net Sales 976.7 877.1 743.8 31.3 11.4 1,853.7 1,494.8 Expenditure 751.7 750.5 539.1 39.4 0.2 1,502.2 1,083.7 EBITDA 225.0 126.6 204.7 9.9 77.7 351.5 411.1 EBITDA Margin (%) 23.0% 14.4% 27.5% 19.0% 27.5% Other Income 28.9 33.2 31.2 (7.4) (13.0) 62.1 61.8 Depreciation 4.2 5.1 4.8 (12.5) (17.6) 9.3 9.4 Interest 0.8 - - - - 0.8 - Profit Before Tax 248.9 154.6 231.2 7.7 61.0 403.5 463.6 Tax 64.1 37.1 59.6 7.6 72.8 101.2 118.2 Profit After Tax 184.8 117.5 171.6 7.7 57.3 302.3 345.4 PAT Margin (%) 18.9% 13.4% 23.1% 16.3% 23.1% Reported Earnings Per Share (Rs) 15 10 14 7.7 57.3 25 29 Note: Rs 10 mn = Rs 100 lacs = Rs 1 crore INVESTOR PRESENTATION 4 INDIA'S WIDELY TRUSTED AND FASTEST GROWING WOOD ADHESIVE BRAND INVESTOR PRESENTATION 5 ABOUT US The company launched its brand “Euro 7000” in 2006, and is now the amongst the top selling wood adhesive (white glue) brand in India in the retail segment. JYOTI RESINS AND ADHESIVES LTD is a manufacturer of Company launched its brand “Euro 7000” in 2006. The Euro 7000 has today grown exponentially and is now the synthetic resin adhesives. The Company manufactures various company has steadily increased its plant (at Santej, amongst the top selling wood adhesive (white glue) brand types of wood adhesives (white glue) under the brand name of Ahmedabad) capacity from 1000 Tonnes per month to 3,500 in India in the retail segment. EURO 7000. TPM (42,000 TPA) in Oct’26. Company’s success so far in this business is an outcome of its Today it services 16 states in India through 61 branches and 65 strategic vision focus on delivering world class products and distributors, catering to 14,000 retailers and 3.55 lac services to its customers. carpenters. A ~650 strong sales force plays a key role in this process. Vision & Mission To Acquire National Leadership Position in Wood Adhesives in Retail Segment. To be India’s most Preferable Adhesive Brand For The Carpenters, where Our End Users Can find The Best Solution For Gluing The Furniture. We Believe To Continuously Create New Opportunities For Our Team Members To Do Growth In Our Strategic Business. INVESTOR PRESENTATION 6 WHY JYOTI RESINS? Consumption-driven, repeat-use product category High ROE/ROCE, Asset Light Operating Model Deep Engagement with Carpenters (End Decision makers) Growing Network across India Strong brand Recall and pricing power Clear visible path to achieve Rs. 500+ Crores #SirfJodoNahin FayedonKeSaathJodo INVESTOR PRESENTATION 7 Capital Efficient Engine Scalable Growth Execution High ROCE, Asset Light Model Clear visible path for growth ❖ Generating +25% ROE & ROCE over last 8 years ❖ Expansion in existing markets ❖ Strong Cash Generation – OCF y M oat ❖ Increase penetration c Br ❖ Disciplined working Capital cie a n ❖ Higher consumption per user ❖ Provision for Redemption point creates negative ffi T r ❖ Geographic Expansion (State by State) working capital effect l s ❖ Scaling Carpenter Network ❖ Operating Leverage as scale increases it M ❖ Strengthening Brand Recall ❖ Low Capex Requirement in our model a MOATS a ❖ Appointed brand Ambassador ❖ Fixed Asset Turnover Potential > 8-10x post ❖ Continued Dealer/Carpenter Meets brownfield capex of a Predictable i Compounding t a t r Model M u lt ti ya sity Moat Car p Distribution Depth Advantage Influencer Flywheel Growing Network across India Deep Engagement with Carpenters (End Decision makers) ❖ Strong Presence in key consumption states ” ❖ Customers, contractors, architects and Dealers follow ❖ Increased the Registered Base of 2,12,000 Active Carpenters carpenter preference ❖ Improved Product Mix (Premium SKUs) ❖ High Repeat usage leads to habit formation A Self-Reinforcing ❖ Expanding Distributor Reach to 65 ❖ Increase the Active Carpenter Base Growth Model Built on ❖ Presence in 16 States ❖ This creates Stickiness + Pricing Power ❖ Growing Branches to 61 for Prompt Efficient Service Four Clear Moats ❖ On ground Engagement Program, Meets, Demos, etc. INVESTOR PRESENTATION 8 WE OWN HIGH ROE / ROCE, BRAND LED SPECIALTY FORMULATION PLATFORM WITH SCALABLE ADJACENCIES INVESTOR PRESENTATION 9 SUPERIOR CAPITAL ALLOCATION Efficiency-Led Returns Our model focuses on premium products that require low capital intensity while driving returns on capital employed. Redemption points (Liab for expenses) creates a 35.5% Negative Working Capital cycle advantage Delivering superior 27.0% return on capital To keep Liabilities for expenses range below 30% of Revenue in the long term) (~30% for FY26). across cycles Sustained Gross Margins of 65%+ for the Year FY26 ROCE ROE Long-Term EBITDA Guidance of 23-25% Note: Calculated on Average Basis Fixed Asset Turnover Ratio potential of > 8-10X post brownfield expansion INVESTOR PRESENTATION 10 STRONG CASH FLOWS FUEL GROWTH It keeps us ready for large scale points redemption And still are able to maintain our dividend payout to as and when received which ensures carpenters shareholders plan redemption benefits are honored timely with cash It allows us to continue with our brownfield and FY26 Dividend Payout Ratio 15.4% greenfield capex plans (Rs. 9 Per Share 90% of Face Value) in hand. To spend adequately on branding and marketing To Ensure we stay debt free - Continues to be Net Debt activities both ATL as well as BTL negative since FY18 Investments + Cash in Hand + Bank Balance (Rs. Mn.) In FY26, Company maintained a strong 1,659.2 Investments and Cash & Bank 1,544.9 1,106.3 ~Rs.1,659 Mn 309.1 FY23 FY24 FY25 FY26 Cash & Cash Equivalents = Investments +Cash & Cash Equivalents + Bank Balance INVESTOR PRESENTATION 11 OUR REAL ASSE [Showing first 8,000 characters — download PDF for full document]