Transcript of the Investor Call held in relation to the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026.

Ref. No.: PSL/2026-27/CS/SE/50 Date: November 6, 2026 To, To, Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, P.J. Towers, Plot No. C/1, G Block, Dalal Street, Bandra Kurla Complex, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Security Code: 540724 Symbol: DIAMONDYD Security ID: DIAMONDYD Subject: Transcript of the Investor Call held in relation to the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026 Dear Sir/Madam, In continuation to our letter dated October 29, 2026 and pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the Investor call held on November 3, 2026 in relation to the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026 is enclosed herewith. This is for your information and record. Thanking you, Yours faithfully, For Prataap Snacks Limited Sanjay Chourey Company Secretary and Compliance Officer Prataap Snacks Limited CIN : L15311MP2009PLC021746 Registered Office : Khasra No. 378/2, Nemawar Road, Near Makrand House, Palda, Indore, Madhya Pradesh - 452 020, India Telephone : 91-731-2439999 E-mail : info@yellowdiamond.in Website : www.yellowdiamond.in Prataap Snacks Limited Q2 & H1 FY2027 Earnings Call Transcript November 03, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Prataap Snacks Limited Q2 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 this conference call, please signal an operator by pressing star followed by zero on your touch-tone phone. Please note that this conference is being recorded. I now hand over the conference to Mr. Mayank Vaswani from CDR India. Thank you, and over to you. Mayank Vaswani: Thank you, Yashashri. Good afternoon, everyone. Welcome to the Q2 and H1 FY27 Earnings Call of Prataap Snacks. On the call today, we have Mr. Amit Kumat, Managing Director and CEO; Mr. Sumit Sharma, Executive Director and CFO; and Mr. Rishabh Singh, Business Head. Before we begin this call, I would like to point out that some of the statements made in the call may be forward-looking, and a disclaimer to this effect has been included in the earnings documents that have been shared earlier. With that, I would now like to turn the call over to Mr. Amit Kumat for his opening remarks. Thank you, and over to you, Amit ji. Amit Kumat: Thank you, Mayank. Good afternoon, everyone, and thank you for joining us today for our Q2 and H1 FY'27 Earnings Conference Call. I hope you had a chance to go through the earnings presentation and the financial results that we shared earlier. Q2 & H1 FY2027 Earnings Call Transcript Page 1 of 18 I am pleased to share that Prataap Snacks has delivered another quarter of strong revenue growth with our quarterly revenue crossing the milestone of Rs. 500 crore for the first time in the company's history. Revenue from operations in Q2 FY'27 stood at Rs. 541 crore, representing growth of 26% year-on-year and 10% compared to the previous quarter. This is an important milestone for us, especially as it follows the record quarterly revenue achieved in Q1. For the first half of FY'27, our revenue from operations stood at Rs. 1,031 crore, an increase of 23% over the corresponding period last year. What is particularly encouraging is that we have maintained the strong growth momentum of the last few quarters. We believe the various initiatives we have been working on over the past several quarters are now showing clear results. Let me share some of the key developments in our business. Our Namkeen and Potato Chips categories have continued to perform well and have been important drivers of growth during the quarter. We are also encouraged by the consumer response to the new products and variants introduced over the past few quarters. Product development continues to be one of our key focus areas. We are working on introducing new flavours, expanding our product range and developing offerings suited to different regions and consumer preferences. Namkeen remains a particularly important opportunity for us. It is one of the largest categories in the Indian snack market, and we still have considerable scope to increase our presence. Over the years, we have demonstrated our ability to grow categories such as Rings and Pellets. We are now leveraging this experience to further strengthen and scale our presence in Namkeen. Another important driver of growth has been our continued work on distribution. We are focused not only on reaching new outlets, but also on increasing the range of our products available at existing outlets. This gives us opportunity to grow sales by making our products available to consumers through our established network. Q2 & H1 FY2027 Earnings Call Transcript Page 2 of 18 Our investments in technology are supporting these efforts. Sales force automation and other digital initiatives are giving our teams better information about market coverage, product availability and sales performance. This is helping us identify opportunities, improve productivity and take faster decisions in the market. We are also making a steady progress in newer channels. Our quick commerce business continues to develop well. We are expanding our presence across platforms and increasing the range of products and pack sizes offered through this channel. These channels are important for reaching new consumers and developing our presence in large packs and newer product categories. As we have shared earlier, our aim is to increase the contribution of these new channels to around 5% of our revenues over the next 3 years. Overall, we are pleased that growth is now coming from several areas of the business rather than depending on any single product or initiative. Now turning to profitability, the operating environment remained challenging during the quarter. There has been a further increase in the prices of key inputs, particularly palm oil, potatoes and packaging material. Fuel and logistics costs have also remained elevated. These cost increases have been significant and despite the strong growth in revenue, they have put pressure on our margins. Our gross margin for Q2 stood at 25.5% compared to 29.8% in the corresponding quarter last year. EBITDA for the quarter was Rs. 12.9 crore compared to Rs. 22.9 crore last year with EBITDA margin at 2.4%. For H1 FY'27, EBITDA stood at Rs. 32 crore. The pressure on operating margins also impacted our bottom line. We are taking several steps to address these pressures such as grammage rationalization, adjustment in channel margins and trade schemes and continued cost reduction across our operations. These measures have helped us offset part of the increase in input costs. However, the overall inflation has been substantial, and we will need to continue working on these areas. We are closely monitoring commodity prices and will take further steps whenever required while keeping our products competitive in the market. Apart from these immediate measures, we are also working on a structural improvement that will strengthen margin over the longer term. During the initial years of our expansion, we took a conscious decision to Q2 & H1 FY2027 Earnings Call Transcript Page 3 of 18 build a Pan-India business rather than expand one region at a time. Accordingly, we invested significantly in building our distribution network across India, and our distribution reach today would rank higher than revenue scale in the Indian snacks industry when compared to peers. This means that we supported new distributors, invested in sales team, and incurred full expenses towards feet on street in prior years. A large part of the distribution in [Showing first 8,000 characters — download PDF for full document]