Analysts/Institutional Investor Meet/Con. Call Updates

November 9, 2026 The Manager, CRD The Manager, Listing Department The Secretary BSE Limited National Stock Exchange of India Limited The Calcutta Stock Exchange P J Towers, Dalal Street, Fort, Exchange Plaza, 5th Floor, Limited Mumbai - 400001 Plot No. C-1, Block G, BKC, Bandra (E), 7, Lyons Range, Mumbai - 400051 Kolkata - 700001 BSE Security Code: 500043 NSE Symbol: BATAINDIA CSE Scrip Code: 10000003 Dear Sir/Madam, Subject: Post Earnings Call This is further to our letters dated October 21, 2026, November 3, 2026 and November 4, 2026, on the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcript of the Post Earnings Call (Group Call) held on Wednesday, November 4, 2026. The above information shall also be made available on Company’s website viz., www.bata.in This is for your information and records. Thanking you, Yours faithfully, For BATA INDIA LIMITED NITIN BAGARIA AVP – Company Secretary & Compliance Officer Encl.: As above BATA INDIA LIMITED CIN: L19201WB1931PLC007261 Registered Office: 27B, Camac Street, 1st Floor, Kolkata-700016, West Bengal II Tel.: (033) 22895796 E-mail: in-customer.service@bata.com II Website: www.bata.in “Bata India Limited 2QFY27 Earnings Conference Call” November 04, 2026 MANAGEMENT: MR. SANJAY RAO – MANAGING DIRECTOR AND CEO – BATA INDIA LIMITED MR. AMIT AGGARWAL – DIRECTOR, FINANCE AND CFO – BATA INDIA LIMITED MR. NITIN BAGARIA – COMPANY SECRETARY – BATA INDIA LIMITED MODERATOR: MR. ARYAN GARODIA – AMBIT CAPITAL Page 1 of 12 Bata India Limited November 04, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Bata India 2QFY27 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 then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Aryan Garodia. Thank you and over to you, sir. Aryan Garodia: Hi, good evening everyone and on behalf of Ambit Capital, I thank the management of Bata India for the opportunity to host their 2QFY27 earnings conference call. Joining us from the management today, we have Mr. Sanjay Rao, MD and CEO, Mr. Amit Aggarwal, CFO and Mr. Nitin Bagaria, Company Secretary. We now begin with opening remarks from the management, post which the forum will be open for the question-and-answer session. Thank you and over to you, Nitin sir. Nitin Bagaria: Thanks Ambit team and the moderator. Welcome everyone to the earnings call for 2QFY27. We have Sanjay Rao, Managing Director and CEO joining us for the first time. We also have Amit Aggarwal, Director, Finance and CFO. Without much ado, I pass it on to Sanjay. Thanks. Sanjay Rao: Thank you, Nitin. Good evening, everyone. Warm welcome, as this is my first call as the Managing Director and CEO for Bata India, I want to start by thanking the Board for placing their faith in me as we take this brand to the second century in India. I would also like to thank Gunjan Shah, our previous CEO, for his leadership over the past 5 years and for a smooth transition. I'm privileged to build on that and to accelerate our journey on to Reignite India 2030. In my first 72 days, I've been on a learning journey. I've visited our stores across our country in more than 10 cities, our factories, distribution centers. I've met many of our franchisee partners and have met industry leaders. Three things broadly stood out for me. First, we have room to grow. India trusts Bata, consumers who walk into our stores expect a product that comes in with comfort, value, quality and with great service. Second, I'm thankful to the team that I have discovered here. We have a team that really wants to win. I want to thank our frontline colleagues who are the face of Bata for about 45 million consumers who walk in through the door every year. Third, we have a reach that very few brands can match in India. I will continue to build on this as we expand in pursuit of new opportunities. If I had to put it in one line, Bata stands for unreasonably good shoes for everyone, everywhere since 1931 in India and since 1894 across the globe. Trust and reach are our foundation, and my job is to ensure Bata stays relevant to every generation of Indian consumers. Page 2 of 12 Bata India Limited November 04, 2026 You'll see us focus on 3 things: making our stores and assortment more consumer-led to grow like-for-like growth, bringing newer, more exciting products at better value and growing our stores through franchisees, e-commerce and youth-relevant products. Now, coming to the quarterly performance. We've already uploaded our presentation. I hope you all had a chance to go through it. We've already shared the disclaimer earlier, which is part of the presentation. We recorded a turnover of 8.6 million for the quarter, recording a growth of 7.5% and maintaining the positive trajectory for the fourth consecutive quarter. While the overall growth in volume was reasonably democratic, we saw higher price points doing better, leading to growth in ASP. We also recorded growth in footfall in our stores, while the market in general faced headwinds on this. We continue to optimise our stores and have gathered pace in addition to franchisee stores, both through organic and inorganic means. As you may have read in the press release, we recorded double-digit growth in franchisee and I&D channels. E-commerce business continues to grow at a healthy pace despite the impact of deferment of orders from selected B2B partners. I&D grew in mid-teens with handsome growth in secondary sales. On a half yearly basis, our ad spends went up by over 4%. We recorded growth in overall reach and website hits. We continue to keep working on our inventory. Our stock turn is now higher than 2.6, and freshness in stores is over 90%. Aged inventory is close to 5%. The operational efforts that it has taken us to do this, including ZBM and Customer First project continue to contribute to our margins. Lastly, to top this all, the adjusted profit before tax grew by over 31% against the same quarter last year. The adjusted operating cash profit grew by over 9% versus previous year. With that, I'll end my comments. And before I pass it back to the moderator, I would like to wish you all a Happy Diwali. I hope you can spend some time with your family and friends next week. And I hand it back to the moderator. Thank you so much. Moderator: Thank you very much. We will now begin the question-and-answer session. The first question is from the line of Sameer Gupta from IIFL Capital. Sameer Gupta: Just wanted to know Sanjay from you. Nitin Bagaria: Sorry, Nitin here. Just if you could speak a little louder, we have some audio... Sameer Gupta: Am I audible now? Nitin Bagaria: Yes, much better. Sameer Gupta: So first one to Sanjay, what are the immediate near-term priorities if you can list that? Is it improving availability at stores? We've seen that as a common complaint, although in the last store visit, I was positively surprised. Is it bringing back the margins as a company as a whole? And in each of the priorities, what would be the roadmap? Page 3 of 12 Bata India Limited November 04, 2026 Sanjay Rao: Firstly, welcome to the call, and thank you for posing the question here. As I continue through my learning phase, what I really see is that what is going to help us is to continue pressing on the growth opportunities that are existing, which are franchising, premiumization and casualisation, even as we expand our brand. So I'm happy as well that, as you mentioned, you are positively surprised. Thank you for that. To see that availability is really helping us. And this is providing us with the overall, let's say, the tailwind to s [Showing first 8,000 characters — download PDF for full document]