Analysts/Institutional Investor Meet/Con. Call Updates

Ref- FWIL/SEC/2026-27/58 Date: November 07, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street C/1, G Block, Bandra - Kurla Complex Mumbai - 400 001. Bandra (East), Mumbai - 400 051. Scrip Code : 544030 Symbol : FLAIR Sub: Transcript of Investor Call held on November 03, 2026 Dear Sir(s)/ Madam(s), Pursuant to Regulation 30 of the Listing Regulations, copy of transcript of the Investor call held on Tuesday, November 03, 2026 at 12:00 pm (Indian Standard Time) to discuss Company’s performance for the quarter and half year ended September 30, 2026 is enclosed. You are requested to take the same on record. Thanking you, Yours faithfully, For Flair Writing Industries Limited Vishal Kishor Chanda Company Secretary and Compliance Officer Encl: As above “Flair Writing Industries Limited Q2 & H1 FY27 Earnings Conference Call” November 03, 2026 MANAGEMENT: MR. MOHIT RATHOD – WHOLE TIME DIRECTOR – FLAIR WRITING INDUSTRIES LIMITED MR. SUMIT RATHOD – WHOLE TIME DIRECTOR – FLAIR WRITING INDUSTRIES LIMITED MR. ALPESH PORWAL – CHIEF FINANCIAL OFFICER – FLAIR WRITING INDUSTRIES LIMITED MODERATOR: MR. ARYAN SABNANI – MUFG INTIME Page 1 of 16 Flair Writing Industries Limited November 03, 2026 Moderator: Ladies and gentlemen, good day and welcome to Flair Writing Industries Limited Q2 and H1 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 the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Aryan Sabnani MUFG Intime. Thank you, and over to you, sir. Aryan Sabnani: Thank you. Good afternoon, everyone. Welcome to Flair Writing Industries Limited Q2 and H1 FY27 Earnings Conference call. Today on the call, we have Mr. Mohit Rathod, Whole-Time Director; Mr. Sumit Rathod, the Whole Time Director; and Mr. Alpesh Porwal, the Chief Financial Officer. A short disclaimer before we start this call. This call will contain some forward-looking statements, which may be based upon our beliefs, opinion and expectations of the company. As of today, these statements are not a guarantee of future performance and will involve unforeseen risks and uncertainties. With that, I would now like to hand over the conference call to Mr. Sumit Rathod, the Whole- Time Director, for his opening remarks. Thank you, and over to you, sir. Sumit Rathod: Thank you, Aryan. Good afternoon, everyone, and a warm welcome to Flair Writing Industries Limited Q2 and H1 FY '27 earnings conference call. Thank you for joining us today. I hope you have had an opportunity to review our financial results, investor presentation and press release, which have been made available on the stock exchanges. To begin with, I would like to share some perspective on the broader business environment and the development that shaped our operations during the quarter. We are pleased to announce revenue from operations for Q2 FY '27 grew sequentially to 6.5% at INR340 crores, which is contributed by an export revenue growth of 13% sequentially, which stood at INR49 crores. Domestic sales grew by 6% sequentially in Q2 FY '27, increasing to INR292 crores from INR276 crores in Q1 FY '27. On a half yearly basis, domestic sales grew by 11% to INR568 crores in H1 FY '27 from INR513 crores in H1 FY '26. Our domestic business has continued to demonstrate resilience, despite facing a combination of internal and external challenges during the quarter including temporary disruption to our manufacturing operations due to the floods in Valsad and Daman facilities. These numbers reflect the underlying strength of our brands and distribution networks, and the continued demand for our products in the domestic market. Despite the temporary setbacks during the quarter, we have been able to sustain our growth momentum, which is encouraging. Our broader strategy remains intact, with a continued focus on building a more balanced portfolio by strengthening our core writing instruments business. While expanding our presence across Creative products and Steel Bottles and Houseware with continuous endeavor to increase the composition of the business between pen and non-pen Page 2 of 16 Flair Writing Industries Limited November 03, 2026 categories, targeting to 60% and 40%, respectively. We have taken necessary steps in expanding our manufacturing facilities for Creative in Surat and upcoming Valsad facility. We also expect to commence commercial operation of new fourth line for Steel bottles in Q4 FY '27. On the corporate governance front, as approved at our recent AGM, we have appointed PricewaterhouseCoopers as our statutory auditor for Flair Writing Industries Limited. This is an important step in our continued efforts towards enhancing governance standards, transparency and institutional processes as we grow the business. We are pleased to inform you that the Board of Directors have approved an interim dividend of 10%, amounting to INR0.50 per share as part of distribution strategy for our shareholders. Overall, we remain confident in our long-term prospect of Flair. We continue to navigate near- term challenges. Our focus remains strengthening our businesses, expanding our portfolio and delivering sustainable growth. As a part of our business expansion and growth, we are looking for potential acquisition in the Creative segment. I would like to thank all our shareholders and stakeholders for their continued trust and for being part of Flair's growth journey. Now, I hand it over to our CFO, Mr. Alpesh Porwal, to take you through the update on broader business and company financials. Alpesh Porwal: Thank you, Sumit. Let me take you all through the business and financial performance of the company for Q2 and H1 FY '27. The first half of FY '27 has been characterized by a challenging and evolving operating environment, with a combination of domestic and international factors influencing business activities. Our gross profit and EBITDA margins have been impacted by elevated raw material costs, primarily arising from the ongoing geopolitical situation in West Asia, along with the resulting supply side disruptions and price volatility. Despite these pressures, we have remained focused on protecting our margins through a combination of cost rationalization, operational efficiencies. Targeted promotional schemes and selective price increases across our product portfolio. These initiatives have helped us partially mitigate the impact of input cost inflation. While the long- term fundamentals of the Indian consumer products and stationery industry remain encouraging, the second quarter witnessed certain exceptional developments that temporarily affected the normal course of our operations. One of the key challenges during the quarter was the exceptionally heavy rainfall and flooding in parts of Western India, particularly Gujarat, which impacted our manufacturing facilities at Valsad and Daman. The intensity of the rainfall resulted in temporary disruptions to manufacturing activities, employee movements and the broader supply chain. Our Valsad and Daman facilities remained non-operational for an average of approximately 15 days and 7 days, respectively, during the quarter. The situation was further compounded by temporary workforce shortages as some employees took additional time to resume work following the floods, resulting in delays in restoring normal production levels. Page 3 of 16 Flair Writing Industries Limited November 03, 2026 The combined impact of these disruptions is estimated to have resulted in a revenue loss of approximately INR25 crores during the quarter. In the absence of these exceptional disruptions, our quarterly revenue growth could have been approximately 7% to 8% hi [Showing first 8,000 characters — download PDF for full document]