Analysts/Institutional Investor Meet/Con. Call Updates

5th November, 2026 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Department of Corporate Services, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Mumbai - 400 051. Mumbai - 400 001. Symbol: ADFFOODS Scrip Code: 519183 Sub: Investor Presentation of Q2 & H1 FY 2026-27. Dear Sir/Madam, Please find enclosed herewith the Investor Presentation of the Company for the Quarter ended 30th September, 2026. The aforementioned Presentation has been uploaded on the Company’s website at www.adf-foods.com. You are requested to take the above on your records. Thanking You, Yours faithfully, For ADF Foods Limited Shalaka Ovalekar Company Secretary & General Counsel Encl: As Above Regd Off: 83/86, G.I.D.C Industrial Estate, Nadiad - 387 001, India. Tel.: +91 268 2551381/82 Fax: +91 268 2565068 Email: nadiadfactory@adf-foods.com CIN: L15400GJ1990PLC014265 Corp. Off: Marathon Innova, B2, G01, Ground Floor, G. K. Road, Lower Parel, Mumbai 400 013. INDIA. Tel.: +91 22 6141 5555, Fax: +91 22 6141 5577, Email: info@adf-foods.com, Web: www.adf-foods.com ADF Foods Limited Investor Presentation Q2FY27 November 2026 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by ADF FOODS LTD (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world- wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the presentation are not to scale. All data, information, and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness. Contents Company Overview Business Overview Growth Strategy & Drivers • 5 Brands, 5 Stories • Strong Marketing & Distribution • Manufacturing Excellence • Strategic Innovation • People & Capabilities ESG & CSR Annual Performance Highlights Company Overview ADF Snapshot Leading Manufacturer of Cutting-edge Manufacturing A Culinary Powerhouse Prepared Ethnic Food & Extensive Distribution with Diverse Products 9-decade Vintage with origins dating back to 1932 Leading Manufacturer & Supplier of prepared Cutting-edge 3 600+ Product SKUs ethnic food, specializing in Frozen Foods, Ready- Manufacturing Facilities to-eat (RTE), Ready-to-cook (RTC) items & meal accompaniments Nadiad Nashik Surat Prominent Brands Gujarat Maharashtra Gujarat with significant brand loyalty Wide Presence in 60+ Countries ~38,000 Annual Food processing Global Presence across North America, UK, EU, MT Capacity Middle East & Asia Pacific Strong global distributor network, warehouses & cold storages ensure a strong Key Customer Segments presence across the value chain Steered by an Experienced Leadership & Management • South Asian Diaspora (Worldwide) Distribution Leveraging extensive experience, deep domain 2 • Mainstream Consumers (USA, Germany) warehouses in USA knowledge & multi-generational understanding along with seasoned food industry professionals • Domestic Consumers (India) Our Legacy 2023 2016 Truly Indian brand Expanded launched in Germany manufacturing 1996 mainstream market. capacity at the Moving towards Products included RTE Nadiad plant to ₹1,000 Crore 1960 1992 Set up a new foods, chutneys and meet rising Revenue manufacturing sauces global demand Listed on BSE as a facility in Nashik, Acquired the Camel public limited Maharashtra, brand, marking company, expanding entry into the enhancing production capacity processed foods transparency business and access to and the Middle East capital market 1932 Established as American Dry Fruits Stores in Mumbai, focusing on specialty dried 2026 2024 fruits 2021 Surat CAPEX Launched Truly completed – Indian range in Acquired Vibrant Phase 1 US mainstream Foods LLC, to move 2010 Operational in 1980 2001 up the value chain to market and March 2026 ADF Soul in Acquired Elena control last Launched Ashoka, Introduced frozen Indian market Food Specialties to mile distribution to which became the food manufacturing strengthen retailers in the flagship brand, offering to diversify RTE international Northeast Coast of the a wide range of Indian offerings presence US food products Business Overview What’s our Right to Win? Building Scale, Profitability & Value Structural Category Scalable Growth Engines Capacity Expansion Tailwinds for Scale • Rising global demand for convenient, authentic • Ashoka anchors South Asian diaspora-led growth • Surat greenfield (Phase 1) that commenced RTE / RTC Indian food, driven by lifestyle shifts & • Truly Indian scaling rapidly across US & Germany operations in Q1 is now steadily progressing widening acceptance of ethnic Indian cuisine (3,500+ stores) towards achieving targeted operational • Strong preference for shelf-stable and frozen • Strong double-digit growth with flagship brand performance food, enabling scale across geographies delivering ~20%+ revenue CAGR (5 years), driven • Best-in-class manufacturing footprint supported by deeper market penetration, multi-channel & by brownfield expansions & debottlenecking in geographic expansion existing plants at Nadiad & Nashik Sustained Margin Best in class Profitability Strong Balance Sheet & Expansion Cash Surplus • Healthy High-teens EBITDA margins, supported • PAT grew at a strong ~20% CAGR over 4 years • Continuous investments in capacity expansion by ongoing investments in brands, marketing backed by strong earnings visibility driven by (₹145+ Cr) over the past two & half years, fully and capabilities, fueled by enhancements in brand penetration, distribution expansion, funded through internal accruals product mix and increased scale innovation and capacity ramp-up • Strong balance sheet supporting ongoing capital investments, str [Showing first 8,000 characters — download PDF for full document]