Analysts/Institutional Investor Meet/Con. Call Updates

November 6, 2026 BSE Limited National Stock Exchange of India Limited Scrip code: 544403 Symbol: ABLBL Sub.: Transcript of Q2 FY27 Earnings Call of the Company Ref.: Regulation 30 (read with Schedule III - Part A), of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir/ Madam, Pursuant to the above referred Listing Regulations and intimation dated October 27, 2026, the transcript of the Q2 FY27 Earnings Call held on November 2, 2026 is annexed herewith. The above details along with the audio recordings of the Earnings Call are also available on the website of the Company i.e., www.ablbl.in. Thanking you. Yours Sincerely, For Aditya Birla Lifestyle Brands Limited Rameez Shaikh Company Secretary and Compliance Officer A24939 Encl.: As above Aditya Birla Lifestyle Brands Limited Corporate Office: Registered Office: Kh No. 118/110/1, Building 2, Divyashree Piramal Agastya Corporate Park, Building ‘A’, Website: www.ablbl.in Technopolis, Yemalur Main Rd, off HAL 4th and 5th Floor, Unit No. 401, 403, 501, 502, E-mail: cs@ablbl.adityabirla.com Airport Road, Bengaluru- 560037 L.B.S. Road, Kurla, Mumbai - 400 070 Tel.: +91 86529 05000 CIN: L46410MH2024PLC423195 “Aditya Birla Lifestyle Brands Limited Second Quarter Earnings Conference Call” November 02, 2026 MANAGEMENT: MR. ASHISH DIKSHIT – MANAGING DIRECTOR – ADITYA BIRLA LIFESTYLE BRANDS LIMITED MR. VISHAK KUMAR – DEPUTY MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – ADITYA BIRLA LIFESTYLE BRANDS LIMITED MR. DHARMENDRA LODHA – CHIEF FINANCIAL OFFICER – ADITYA BIRLA LIFESTYLE BRANDS LIMITED Page 1 of 15 Aditya Birla Lifestyle Brands Limited November 02, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Second Quarter Earnings Conference Call of Aditya Birla Lifestyle Brands Limited. The call will begin with a brief discussion by company's management on the Q2 FY27 performance, followed by a question and answer session. We have with us today Mr. Ashish Dikshit, Managing Director, ABLBL, Mr. Vishak Kumar, Deputy Managing Director and CEO, Aditya Birla Lifestyle Brands Limited. Mr. Dharmendra Lodha, CFO, ABLBL. I want to thank the management team on behalf of all the participants for taking valuable time to be with us. I must remind you that today's discussion may include certain forward-looking statements and must be viewed therefore in conjunction with the risk and the company's faces -- that the company faces. Please restrict your questions to the quarter performance and to strategic questions only. Housekeeping questions can be dealt separately with the IR team. With this, I hand the conference over to Mr. Dharmendra Lodha. Thank you, and over to you, sir. Dharmendra Lodha: Good afternoon, everyone. Thank you for joining us today. I would like to welcome you all to the Q2 FY27 Earnings Call for Aditya Birla Lifestyle Brands Limited. The domestic consumption environment remained broadly stable during the quarter, with demand trends largely in line with recent periods. While shifts in the festive calendar influenced year-on-year comparison, the broader consumption landscape remained steady amid ongoing global macroeconomic uncertainties. Against this backdrop, our business sustained healthy momentum across key performance metrics, delivering strong revenue growth healthy like-to-like growth, and improved margin. Importantly, this marks our 4th consecutive quarter of double-digit revenue growth and 5th consecutive quarter of margin expansion. This performance reinforces the strength of our brands and the clarity of our strategic directions. Now moving to the Q2 performance of our, of business. ABLBL revenue grew 11% year-on- year to INR2,266 crores. Within segments, Lifestyle Brands grew at 9% Y-o-Y with revenue at INR1,906 crores, whereas Emerging Brands grew 27% versus last year to INR371 crores. All channels maintained strong performance during the quarter. Retail delivered 8th consecutive quarter of healthy like-to-like growth as the overall revenue grew 8% Y-o-Y with like-to-like growth at 5.3% on the network of 3,000 plus stores. Small town network continued to outperform -- 6th consecutive quarter of double-digit like-to- like growth across 500 plus stores. Wholesale and e-commerce maintained strong growth trajectory, up 18% and 12% Y-o-Y respectively. EBITDA was up at 15% Y-o-Y to INR390 crores, with margin expanding 60 bps to 17.2%, driven by operating leverage. PAT more than doubled to INR53 crores, growing 126% Y-o-Y. We also significantly stepped up our retail expansion during the quarter, adding over 100 stores, Page 2 of 15 Aditya Birla Lifestyle Brands Limited November 02, 2026 our highest quarterly addition in more than 2 years. We aim to sustain this pace in the coming quarters, strengthening our presence across key markets. With these additions, our retail network now spans 3,434 stores across more than 800 cities and towns covering nearly 5.1 million square feet of retail space. Net debt come down -- sorry, the net debt come down to INR956 crores compared to same period last year, with company remaining on track to achieve its previously guided debt numbers. Moving to the first half of the year, ABLBL delivered a strong performance with revenue growing 11% Y-o-Y to INR4,311 crores. EBITDA increased 15% to INR717 crores with margin expanding 50 bps to 16.6%. PAT grew 73% Y-o-Y to INR82 crores reflecting continued improvement in profitability. Turning to our Lifestyle Brands, the business delivered another strong quarter growing 9% Y- o-Y to INR1,906 crores with EBITDA increasing 10% to INR371 crores, margin at 19.5%. Growth was supported by retail like-to-like growth of 5% along with sustained momentum across wholesale and e-commerce channels. Our brands remain at the heart of our growth strategy, with continued emphasis on sharper assortments, attracting young consumers, and strengthening engagement through impactful digital and offline marketing initiatives. In parallel, we are elevating the shopping experience through larger upgraded stores and enhanced retail environment. We are also accelerating the growth of our own e-commerce business, supported by online exclusive merchandise, improved app experiences, and expanding hyperlocal delivery capabilities. These initiatives will remain key priorities as we continue to scale our digital business. Turning to our emerging business portfolio comprising Reebok, Van Heusen Innerwear, and American Eagle, the business delivered another strong quarter with broad-based growth across brands and channels translating into meaningful profitability improvement. Revenue grew 27% Y-o-Y, supported by healthy 11% like-to-like growth alongside strong contributions from wholesale and e-commerce. We also continue to expand our distribution footprint across channels, strengthening our market reach. Improved scale and operating efficiencies drove a 530 bps Y-o-Y expansion in EBITDA margin to 6.8%, reflecting the portfolio's improving profitability profile. Reebok achieved a significant milestone with the opening of its 250th store in India. We remain committed to accelerating its retail expansion with the ambition of establishing Reebok as one of the fastest-growing sportswear brands in the country. As we look ahead, we enter the second half of the year with strong momentum and a clear sense of direction. The festive season has started on an encouraging note, with early demand trends giving us confidence in an even stronger H2. Page 3 of 15 Aditya Birla Lifestyle Brands Limited November 02, 2026 With our brands gaining traction, an accelerated pace of store expansion, and continued progress on across channels, we believe we are well positioned to capitalize on the opportunities ahead. We are now open to questions. Thank you. Moderator: Thank you very much. Thank you, Mr. Lodha. We will now begin the question-and-answer session. First question is from the [Showing first 8,000 characters — download PDF for full document]