Analysts/Institutional Investor Meet/Con. Call Updates

Ref: OEL/BSE-NSE/2026-27/37 July 28, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers Plot No. C/1, G Block Fort, Dalal Street Bandra Kurla Complex Mumbai – 400001 Bandra (E), Mumbai 400051 Symbol: ORIENTELEC Scrip Code: 541301 Dear Sir/ Madam, Sub.: Transcript of Earnings Call for the 1st quarter ended June 30, 2026. In continuation to our earlier letter dated July 17, 2026, filed in terms of the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding participation of the management of the Company in an Earnings Call, to discuss the Un-audited Financial Results of the Company for the 1st quarter ended June 30, 2026, scheduled on Wednesday, July 22, 2026 at 05:30 PM (IST).In this regard, the transcript of the Earnings Call is attached herewith. Further, the said transcript is also available on the website of the Company at https://orientelectric.com/pages/earning-calls . You are requested to take the above information on record. Thanking you, For Orient Electric Limited Diksha Singh Company Secretary Encl: As above Orient Electric Limited - a CKA Birla Group Company CIN No.: L31100OR2016PLC025892 240, Okhla Industrial Estate, Phase III, New Delhi 110020, India Tel: +91 011-41325060 Regd. Office: Unit VIII, Plot No.7, Bhoinagar, Bhubaneswar, Odisha 751012 investor@orientelectric.com www.orientelectric.com “Orient Electric Limited Q1 FY27 Earnings Conference Call” July 22, 2026 MANAGEMENT: MR. RAVINDRA SINGH NEGI – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – ORIENT ELECTRIC LIMITED MR. ARVIND VATS – CHIEF FINANCIAL OFFICER – ORIENT ELECTRIC LIMITED MR. SAMBHAV JAIN – HEAD, INVESTOR RELATIONS – ORIENT ELECTRIC LIMITED MODERATOR: MR. BHAVANI KUMAWAT – AXIS CAPITAL LIMITED Page 1 of 15 Orient Electric Limited July 22, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Orient Electric Limited Q1 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, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Bhavani Kumawat from Axis Capital. Thank you, and over to you, sir. Bhavani Kumawat: Yes. Thank you, Shruti. Good evening, everyone. On behalf of Axis Capital Limited, I welcome you all to Orient Electric's Q1 FY27 Earnings Conference Call. From the management side, we have with us Mr. Ravindra Singh Negi, Managing Director and Chief Executive Officer; Mr. Arvind Vats, Chief Financial Officer; and Mr. Sambhav Jain, Head of Investor Relations. Sir, thank you so much for giving us the opportunity to host the call and many congratulations on great set of numbers. Now I'd like to hand over the call to Negi sir for his opening remarks. Thanks, and over to you, sir. Ravindra Singh Negi: Thank you, Bhavani. Good evening, everyone, and a warm welcome to Orient Electric's Q1 FY27 Earnings Conference Call. Thank you for joining us today. We hope you've had the opportunity to review our financial results and earnings presentation, which are available on the stock exchanges and on our company website. I will begin by outlining the operating context for the quarter, followed by our performance highlights. Quarter 1 unfolded against a constructive demand backdrop. After a subdued summer last year, cooling net demand revived strongly this season, picking up from mid-April and remaining robust through May with some moderation towards the end of the quarter, aided by healthy liquidity and steady discretionary spending. At the same time, operating environment stayed dynamic. Persistent commodity inflation, particularly copper and aluminum, increase in minimum wages, inflating labor cost and their availability, alongside rising fuel cost, import delays and broader geopolitical uncertainty kept the supply chains and input costs under pressure, driving broad-based cost increases across the sector. We manage these dynamics proactively while staying focused on disciplined execution. Despite the challenging environment, Orient Electric delivered a strong performance with a revenue growth of 23.5% year-on-year and continued expansion in profitability. This was supported by broad-based momentum across the portfolio and a strong seasonal recovery in our core categories. This performance reflects the disciplined execution of our One Orient approach anchored in our 3-wall strategy, which focuses on multiple growth avenues while extracting synergies from our established ecosystem, underpinned by premiumization, innovation, diversification and operational discipline. Page 2 of 15 Orient Electric Limited July 22, 2026 Importantly, our emerging growth engines continue to scale, improving the quality and resilience of growth across lighting, switchgear and wires portfolio. Lighting and Switchgear remained a structural growth engine, delivering 25.4% year-on-year revenue growth, driven by distribution expansion, portfolio premiumization and steady market share gains in consumer lighting. The consumer lighting business grew in high double digits with a meaningful improvement in volume to value conversion. Our share of high-value looms expanded to 60%, up 500 basis points versus last year, supported by strong traction across premium categories. Professional Lighting continues to gain traction, aided by execution of key street lighting and facade projects, and we continue to see healthy project inquiry pipeline. Our emerging growth engines, switchgear, switches and wires continue to scale well. Wires grew more than 200% year-on-year, although on a small base, while switches and switchgears sustained growth momentum with double-digit growth as we accelerated our electrician engagement initiatives and continue to leverage our fans and lighting distribution ecosystem for effective cross-sell. In the ECD segment, revenue grew by 22.7% year-on-year to INR669 crores, led by a strong summer and deeper penetration in both our DTM and MD markets. Fans delivered high double-digit growth, outperforming peers on the back of our distribution strategy and continued focus on premiumization and product development. Our BLDC portfolio grew 36% year-on-year, while new product launches contributed 30% of fan revenue this quarter. Our overall premium mix increased to 36% of domestic fan revenue. Our appliances portfolio sustained its upward trajectory with strong traction in heating and garment care categories, delivering double-digit growth. Premiumization and innovation-led launches remained a core pillar of our growth. During this -- during the peak summer season, we anchored our fans campaign on India's first innovation narrative, led by Aero O2, India's first oxygen-enriching ceiling fans, along with our Aerosilent and Ecotech Volt launches. This innovation focus earned strong external recognition also with Orient Electric winning 3 Red Dot Design awards. We continue to expand our direct-to-market footprint, adding approximately 3,600 new retailers under the DTM network this quarter. On the service, Samvad platform, along with AI-led capabilities continued to improve the service delivery experience through deeper consumer insights and faster issue resolution. Our e-com business scaled, delivering double-digit growth, supported by a stronger assortment and healthy consumer traction. Our export business also grew by double digit, expanding deeper into international markets. Operational discipline remained central to our approach. In the context of commodity inflation, we implemented calibrated price actions during the quarter across all segments and categories. Our Project Sanchay program continued to deliver tangible benefits, translating into INR10 crores of cost saving [Showing first 8,000 characters — download PDF for full document]