Transcript of Conference Call for presenting Financials for Q2 FY27 held on November 04, 2026.

CIN: L55101WB1999PLC090672 Email : corporate@speciality.co.in Morya Land Mark – 1, 4th Floor, B-25, Veera Industrial Estate, Off New Link Road, Andheri (W), Mumbai 400 053 Tel. No. (022) 62686700 Website-www.speciality.co.in November 7, 2026 General Manager, Vice President, Listing Operations, Listing Compliance Department, BSE Limited, National Stock Exchange of India Limited, P.J. Tower, Dalal Street, 'Exchange Plaza', Bandra Kurla Complex, Mumbai - 400 001. Bandra (E), Mumbai - 400 051. Scrip Code: 534425 Scrip Code: SPECIALITY Dear Sir/ Madam, Sub: Transcript of Earnings Conference Call pertaining to financial results for the quarter and half year ended September 30, 2026. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the Earnings Conference Call held on November 04, 2026, in respect of the financial results for the quarter and half year ended September 30, 2026 This will also be hosted on the website of the company www.speciality.co.in We request you to take the above information on record. Thanking you. Yours sincerely, For Speciality Restaurants Limited Avinash Kinhikar Company Secretary & Legal Head Encl.: As above Registered Office: ‘Uniworth House’ 3A , Gurusaday Road, Kolkata – 700019. “Speciality Restaurants Limited Q2 FY27 Earnings Conference Call” November 04, 2026 MANAGEMENT: MR. AVIK CHATTERJEE – WHOLE-TIME DIRECTOR AND CHIEF EXECUTIVE OFFICER – SPECIALITY RESTAURANTS LIMITED MR. RAJESH KUMAR MOHTA – EXECUTIVE DIRECTOR, FINANCE AND CHIEF FINANCIAL OFFICER – SPECIALITY RESTAURANTS LIMITED MODERATOR: MR. ANIKET KAMBLE – ICICI SECURITIES LIMITED Page 1 of 8 Speciality Restaurants Limited November 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Speciality Restaurants Limited Q2 FY27 Conference Call, hosted by ICICI Securities Limited. 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 the conference call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Aniket Kamble from ICICI Securities Limited. Thank you, and over to you, sir. Aniket Kamble: Thank you, Rutuja. Hi. On behalf of ICICI Securities, I welcome you all to the Q2 FY27 Earnings Call of Speciality Restaurants Limited. From the management, we have Mr. Avik Chatterjee, Whole-Time Director and CEO; and Mr. Rajesh Kumar Mohta, Executive Director Finance and CFO. I now hand over the call to management for opening remarks. Thank you, and over to you, sir. Rajesh Kumar Mohta: Thank you, Mr. Aniket, for the introduction. Good evening, ladies and gentlemen. Myself, Rajesh Kumar Mohta, CFO of Speciality Restaurants Limited, welcome you all to the Q2 FY27 Earnings Call of Speciality Restaurants Limited. We are pleased with the progress made during the year -- quarter. The stand-alone business delivered healthy year-on-year growth with revenue from operations increasing by 18.24% to INR 129.78 crores compared with INR 109.76 crores in Q2 FY26. Operational EBITDA grew by 39.44% to INR 10.242 crores against INR 7.47 crores in the corresponding quarter last year, with the EBITDA margin improving to 8.03% from 6.81%. Profit after tax increased by 45.75% to INR 6.94 crores compared with INR 4.76 crores in Q2 FY26. An encouraging aspect of our performance during this quarter has been the growth in our existing restaurants portfolio. What we have witnessed during this particular quarter is the same-store sales growth which had been 8.1% in the quarter 2, which was 11.32% in quarter 1 and is 9.8% in H1 of FY27. The delivery mix has also changed during the quarter. This Q2 FY27 had 32% delivery and 68% dine-in, which was 27.4% on delivery and 72.6% Q2 FY26 of last year. As of September 30, 2026, our network comprised 125 outlets, including 118 company-owned and operated outlets and 7 franchise-owned company-operated outlets, including a restaurant under our subsidiary. During the first half, we continued to expand through brands such as Walters, Sweet Bengal, Gong, Asia Kitchen and Siciliana, while we have taken some renovations and brand repositioning initiatives as well. Our focus for next half would be strengthening our existing restaurant network, developing our diversified brand portfolio with profitable expansion and execution during H2 of FY27. We Page 2 of 8 Speciality Restaurants Limited November 04, 2026 have a number of openings planned across Mumbai, Delhi, Pune, Bangalore, Kolkata and Dubai during the second half. Alongside new openings, we are undertaking renovations and brand conversion initiative at select existing locations. We have submitted our investors presentation to stock exchanges, which would be available to your selves wherein we have all the details of the planned expansions and renovation. Overall, our priorities will be to consolidate the progress achieved during the first half and the quarters with strengthening our network, brands and expansions in a profitable manner. I would like to thank our shareholders and investors for their continued trust and support. I now thank -- I would look forward for interactions and taking your questions. Thank you. Moderator: Thank you very much. Ladies and gentlemen. We will now begin the question-and-answer session. First question is from the line of from Manish Bihani from Daksham Capital. Manish Bihani: So sir, my question was if you could please just share the company level EBITDA and EBITDA margin on a pre-Ind AS basis, basically excluding the impact of lease accounting for the last 2 years, if possible of this year also, sir? Rajesh Kumar Mohta: Thank you very much. Our company level EBITDA for the quarter 2 of this financial is 7.90%, which was 6.52% last year. Manish Bihani: And sir, one more question. If you could just help me understand the unit economics of major brands like Mainland China and Asia Kitchen and Gong and Walters especially those like the average daily sales per outlet or store level contribution margin, things like this, sir. If you could just throw some light on that? Rajesh Kumar Mohta: Yes. If I -- let's say, on an Asia kitchen basis, we have a throughput almost like INR 60 lakhs to INR 75 lakhs in a month depending upon the size and location. This has a gross margins of almost like 76%. Thereafter, we have staff costs, which ranges between 20% to 22% with rentals being at 18%. Then we have operating expenses, which are to the tune of 11% with an EBITDA of almost like 22%, then we have depreciation of 4%, which leaves us at 18% at a restaurant level basis. Manish Bihani: Okay, sir. And any average daily sales for outlet? Any number around that? Rajesh Kumar Mohta: It depends upon the brand and size and locations. But as I indicated to, the range is between INR 60 lakhs to INR 75 lakhs, which converts into INR 2 lakhs to INR 2.25 lakhs to INR 2.5 lakhs per day. Moderator: Next question is from the line of Vikram Kotak from Ace Lansdowne. Page 3 of 8 Speciality Restaurants Limited November 04, 2026 Vikram Kotak: Just a question on the -- how is the season panning out and leaner second quarter normally. How do you see the season in the coming quarter? And what are the plans in terms of improving your sales for rural you know micro strategy adopting to the sales and delivery volume? Just want to understand how the next quarter looks like? Rajesh Kumar Mohta: Mr. Avik? Avik Chatterjee: So the next quarter seasonally has always been the best quarter for any hospitality or restaurant business. And similar to that for us as well, it's -- we're very optimistic about this current quarter. And we do have 2 to 3 new restaurants that will be also launching in this quarter, which would add up to our gains for revenue. And seasonal planning, marketing pl [Showing first 8,000 characters — download PDF for full document]