Investor Presentation

Date: November 5, 2026 To, To, BSE Limited National Stock Exchange of India Ltd P J Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort, Mumbai – 400001 Bandra (East), Mumbai – 400051 Scrip Code: 544821 Trading Symbol: KUSUMGAR Dear Sir/Madam, Sub: Intimation of Earnings Presentation for Unaudited (Standalone & Consolidated) Financial Results for the Quarter and Half-year ended September 30, 2026 Dear Sir/Ma’am, Pursuant to Regulation 30 read with Para A Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of Earnings Presentation with reference to the published Unaudited (Standalone & Consolidated) Financial Results of the Company for the Quarter and Half-year ended September 30, 2026. The presentation shall also be placed on the website of the Company at www.kusumgar.com. Kindly take the same on your records. Thanking you. Yours faithfully, For Kusumgar Limited (Formerly known as Kusumgar Private Limited) Devanand Parshottam Mojidra Company Secretary and Compliance Officer Kusumgar Ltd | Earnings Presentation Q2 FY’ 27 Disclaimer This presentation has been prepared by Kusumgar Limited (the “Company”) for general information purposes only. The information contained herein is based on sources believed to be reliable and information available as of the date of this presentation. While reasonable care has been taken in its preparation, no representation or warranty, express or implied, is made as to its accuracy, fairness or completeness. Certain industry and market-related information may be based on estimates and has not been independently verified. This presentation does not constitute an offer, invitation or solicitation to purchase, subscribe for or sell any securities of the Company, nor should it form the basis of any investment decision. It does not constitute financial, legal, tax or investment advice. Certain statements herein may be forward-looking statements relating to the Company's strategy, growth prospects, financial performance and future plans. These are based on management's current expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially. Such statements are not guarantees of future performance. The information herein is subject to change without notice. The Company undertakes no obligation to update any information or forward-looking statements, except as required under applicable laws and regulations. Neither the Company nor its directors, officers, employees or representatives shall be liable for any loss arising from reliance on this presentation, to the extent permitted under applicable law. This presentation may not be reproduced or redistributed, in whole or in part, without the Company's prior written consent. Kusumgar Ltd. | Q2 FY27 Financial Highlights Kusumgar Ltd. | Q2 FY27 Management Commentary - Operating Performance: Q2 FY27 Management Commentary - Operating Performance: Q2 FY27 Revenue • Revenue up 81% YoY to ₹2,509 Mn (vs ₹1,388 Mn), up 1% QoQ (vs ₹2,472 Mn), as quarterly revenue normalised in line with our Q1 commentary • H1 FY27 revenue up 91% YoY to ₹4,982 Mn (vs ₹2,612 Mn) EBITDA Margin • Margin at 28% in Q2 FY27 vs 22% in Q2 FY26 (+6%), driven by higher sales and a richer product mix • QoQ moderation from 31% (Q1 FY27), mainly due to [product mix shift / higher raw material costs] • H1 FY27 margin at 30% vs 22% in H1 FY26 (+8%) Profitability • PAT up 272% YoY to ₹406 Mn (vs ₹109 Mn) • H1 FY27 PAT at ₹832 Mn vs ₹176 Mn in H1 FY26 Diversification & Pipeline • Product qualifications progressing with armed forces and OEMs in India and overseas • Continued investment in technology, R&D and global partnerships to widen capabilities • Steady progress on our strategy to broaden the product and customer base Kusumgar Ltd. | Q2 FY27 Financial Summary for FY’27 Q2 (₹ in millions) Q-o-Q Performance Quarterly Y-o-Y Half Yearly Y-o-Y Particulars Q2 FY27 Q1 FY27 QoQ Q2 FY26 YoY H1 FY27 H1 FY26 H1 YoY FY26 Revenue 2,509 2,472 1% 1,388 81% 4,982 2,612 91% 6,920 Other Income 41 14 200% 20 110% 55 58 -6% 198 Total Income 2,551 2,486 3% 1,407 81% 5,037 2,671 89% 7,118 Cost of Materials 1,077 901 20% 577 87% 1,978 996 99% 2,563 Cost of Service 0 10 -100% 21 -100% 10 42 -77% 84 Employee cost 227 206 10% 205 11% 433 416 4% 882 Other expenses 534 601 -11% 296 80% 1,135 640 77% 1,513 EBITDA 713 768 -7% 308 132% 1,480 578 156% 2,076 EBITDA margin 28% 31% -3% 22% +6% 30% 22% +8% 30% Finance Cost 54 62 -13% 68 -21% 116 138 -16% 260 Depreciation 130 127 2% 110 19% 258 217 19% 467 Profit/(Loss) before Tax 528 578 -9% 130 307% 1,107 223 396% 1,350 Tax including Deferred 122 152 -20% 21 492% 274 47 479% 368 Profit for the period 406 426 -5% 109 272% 832 176 374% 982 (PAT) PAT margin 16% 17% -1% 8% +8% 17% 7% +10% 14% Kusumgar Ltd. | Q2 FY27 Financial Performance Quarterly Y-o-Y Performance Revenue (₹ in millions) EBITDA (₹ in millions) PAT (₹ in millions) 713 406 2,509 +8916%% 132% 272% 1,388 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Yearly Y-o-Y Performance Total Income (₹ in millions) EBITDA (₹ in millions) PAT (₹ in millions) 1,120 7,902 7,118 1,996 2,076 982 844 832 1,480 4,746 5,037 1,385 FY24 FY25 FY26 H1 FY27 FY24 FY25 FY26 H1 FY27 FY24 FY25 FY26 H1 FY27 Kusumgar Ltd. | Q2 FY27 Company Overview Kusumgar at a Glance Textile forward materials and solutions focused on aerospace & defence Listed on NSE & BSE From raw materials to July 2026 solutions Innovation in materials, Continuous effort to enter chemistry and integrated high technology areas solutions Widely talented team World-class products supported by strong R&D and partnerships infrastructure Kusumgar Ltd. | Q2 FY27 Our Executive Summary Our Executive Summary Technology-led aerospace & defence focused company • Design, develop and integrate mission-critical systems: aerial delivery, CCD, custom solutions, etc. • We develop the underlying materials, chemistry, process know-how, giving us control on performance from start to finish • Incumbent supplier in several areas to the Indian armed forces; growing in exports Majority business from aerospace and defence segment with diversification across industrial and global-brand segement • Indiaisaccelerating itsshifttoward indigenousdefence manufacturing and modernizing the armed forces • Close collaboration with global brands to support their India entry and China +1 strategies • Steady growth in automotive and industrialsegment by providing customised solutions Technology moats built over 50+ years • Longstanding relationships with key customers • Technical capabilitiesallowing co-development of products with the user for creating unique, hard to replicate solutions • Exclusive global technology partnerships give access to IP, know-how and licences of unique solutions for customers Kusumgar Ltd. | Q2 FY27 Core Focus on Innovation In-house materials and chemistry underpin product development across specialised applications Product Rapid prototyping & Development testing Our products are built on materials Laboratory set-up supports quick & chemistry developed in-house prototyping and testing Specialised fabric Co-development & expertise Technology Partnerships Fine-denier capability (25 gm Built with users, exclusive global onwards) and polyamide (PA66) technology partnerships give access fabric expertise to IP, Know-how & licenses Kusumgar Ltd. | Q2 FY27 Our Manufacturing Footprint Vertically integrated capabilities Kosamba Materials Chemistry Systems Testing Kothwa • Yarn preparation & • Processing, dyeing, • Design, cutting & • Mechanical & Karanj weaving coating & lamination assembly Physical Testing • Multispectral Valsad • Fine-denier polyamide, • Integration, testing & • Functional, thermal & camouflage & IR polyester & aramid lifecycle support Chemical Testing signature finishes Vapi Quality: one system, Speed: rapid prototyping Control: every layer in- yarn [Showing first 8,000 characters — download PDF for full document]