Analysts/Institutional Investor Meet/Con. Call Updates

November 09, 2026 Ref. No. 60/2026-27 BSE Limited National Stock Exchange of India Limited P.J. Towers, Dalal Street. Exchange Plaza, C-1, Block G, Mumbai-400 001. Bandra Kurla Complex, Bandra (East), Mumbai – 400051 Scrip Code – 500279 Symbol – ONIDA Through: BSE Listing Centre Through: NEAPS Sub: Submission of Transcript of Q2 & H1-FY27 Earnings Conference Call held on November 04, 2026. Respected Sir/Madam, In accordance with the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), please find enclosed herewith a transcript of Q2 & H1-FY27 Earnings Conference call of Onida Electronics Limited (Formerly known as MIRC Electronics Limited) with various Investors and Analysts held on Wednesday, November 04, 2026 at 04:00 PM (IST). We request you to take the above on record and treat the same as compliance under the applicable provisions of SEBI Listing Regulations. Thanking You. for Onida Electronics Limited (formerly known as MIRC Electronics Limited) Vijay Mansukhani Chairman and Managing Director DIN: 01041809 Encl: As Above ONIDA ELECTRONICS LIMITED (Formerly known as MIRC Electronics Limited) Regd. Office: Onida House, G-1, M.I.D.C, Mahakali Caves Road, Andheri (East), Mumbai-400 093. Tel.: +91-22-6697 5777 CIN No.: L32300MH1981PLC023637. Website: www.onida.com Onida Electronics Limited (Formerly Known as MIRC Electronics Limited) Q2 and H1 FY’27 Earnings Conference Call November 04, 2026 Management:  Mr. Gunjan Srivastava – Managing Director & CEO  Mr. Manish Desai – Chief Financial Officer Errors & Omissions Expected: This transcript is edited for factual and grammatical errors. In case of discrepancies, the audio recordings uploaded on the stock exchange and company website on 04th November 2026 will prevail. Page 1 of 14 Onida Electronics Limited (Formerly Known as MIRC Electronics Limited) Q2 and H1 FY’27 Earnings Conference Call November 04, 2026 Moderator: Good morning, ladies and gentlemen. Welcome to the Conference Call of Onida Electronics Limited (Formerly Known as MIRC Electronics Limited) arranged by Concept Investor Relations to discuss its Q2 and H1 FY’27 Results. Before we begin, let me mention a short cautionary statement: Some of the statements made in today's Earning Call may be forward-looking in nature. Such forward-looking statements are subject to risk and uncertainties which could cause actual results to differ from those anticipated. Such statements are made on Management's beliefs as well as assumptions made by the information currently available to Management. Audiences are cautioned not to place any undue reliance on these forward-looking statements in making any investment decisions. The purpose of today's earnings call is purely to educate and bring awareness about the company's fundamental business and the financial quarter under review. Let me now introduce you to the Management We have with us today Mr. Gunjan Srivastava – Managing Director and CEO, Mr. Manish Desai – Chief Financial Officer. 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 “*” then “0” on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Gunjan Srivastava – Managing Director and CEO. Thank you and over to you, Mr. Srivastava. Gunjan Srivastava: Thank you. Good afternoon, everyone Welcome to Onida Electronics Q2 and H1 Financial Year ‘27 Earnings Call. We are at an exciting stage in Onida's journey, building on the legacy of a brand that Indian households have trusted for over four decades. Earlier this year, we began the next phase of our transformation through Onida Rewired. This strategic initiative aims to reshape the brand Page 2 of 14 and make it more relevant to today's consumers. It is guided by four key pillars: Affordable premiumization, Innovation-led product development, Superior customer experience and Sustainable, profitable growth. For our customers, this means being closer to them and serving them better. We are in the process of expanding our distribution network and we have taken several initiatives towards this. We held Onida Rewired dealer meets across regions, engaging both existing and new channel partners to take the brand beyond urban markets. We have also entered an exclusive tie-up with a rural distribution partner. During this period, we also launched our Onida Smarthub exclusive brand outlets. Four of these outlets are now operational, and we are working to expand this network further. These outlets strengthen our own retail presence and improve our market penetration in Tier-2 and Tier-3 markets Through these efforts, we aim to deepen our presence in markets where the Onida brand has historically enjoyed strong recall. On the product front, we are building a more aspirational product portfolio focused on larger, smarter, and feature-rich offerings and we are shortening our development cycles to bring new products to market faster. In televisions, we launched our flagship 100 inch QD Mini LED television which strengthens our premium large screen range. In air conditioners, we have just finalized our range for the upcoming season and in washing machines, we are revamping our portfolio to meet evolving consumer needs. I am pleased to share that these initiatives are already showing results. In Q2 this financial year, our air conditioner business grew 239% year-on-year. Our LED TV business grew 52% year-on-year and according to sellout data Onida air conditioners gained market share in the e-commerce channel for the month of September 2026. Across channels, our e-commerce business grew 169% year-on-year led by air conditioners and washing machines. On the product cost front, input cost rose sharply during the first six months of the financial year. Copper, aluminum, steel, plastics, and memory chips all became more expensive. Brands across the industry took multiple rounds of price increases. However, competitive intensity limited offset of the input cost, so margins remained under pressure across the sector. In television's higher panel and other components led to steep price increases in the entry segment, which weighed on offtake, the premium and large screen segment continue to see demand. Premiumization remains a key structural driver for the industry. Consumers are moving towards higher capacity washing machines, larger televisions and energy efficient air conditioners supported by consumer financing. The transition to the new BEE energy efficiency norms in air conditioner is largely complete. Channel partners have built up inventory ahead of the festive season which shows confidence in the demand outlook. Over the long term, the penetration of air conditioners and washing machines in India remains low, giving the industry a strong runway for growth in the years ahead. Page 3 of 14 Moving on to the financial highlights for Q2 and H1 financial year 2026-27 In Q2, brand business revenue grew 65% year-on-year to Rs. 150.4 crores and business margin was 17.7%. An increase of 470 basis points over previous year keeping aside one off. In Q2 total revenue from operations stood at Rs. 198.6 crores a growth of 22% year-on-year. For the first half H1 Financial Year ’27, brand business revenue grew 48% year-on-year to Rs. 325.7 crores and business margin was 17.8% compared with 15% in the same period last year setting aside one off. Total revenue from operations stood at Rs. 381.1 crores, a growth of 25% year-on-year. As we enter the second half of the year, we are optimistic about festive demand. Early consumer sentiment has been encouraging and our refreshed product range, wider distribution reach, and growing presence on e-c [Showing first 8,000 characters — download PDF for full document]