We hereby submit Transcript of Q1FY27 Earnings Call held on Wednesday, July 22, 2026

Date: July 28, 2026 To, To, The Manager The Manager, Listing Department, BSE Limited National Stock Exchange of India Limited Department of Corporate Services Corporate Communication Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai – 400 001 Bandra East, Mumbai – 400051 Scrip Code - 544161 Scrip Symbol – DPABHUSHAN Subject: Transcript of Q1FY27 Earnings Call held on Wednesday, July 22, 2026. Dear Sir/ Madam, Pursuant to Regulations 30 and 46 (2) (oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Transcript of Q1FY27 Earnings Call held between the Company and Investors on Wednesday, July 22, 2026 on the Unaudited Financial Results of the Company for the quarter ended on June 30, 2026. The aforesaid transcript is also being hosted on the website of the Company, www.dpjewellers.com in accordance with the Regulation 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the same on record and acknowledge. Thanking You, Your faithfully, For D. P. Abhushan Limited Santosh Kataria Chairman and Managing Director DIN: 02855068 D.P. ABHUSHAN LIMITED “Q1 FY27 Earnings Conference Call” July 22, 2026 MANAGEMENT: MR. ANIL KATARIA – WHOLE-TIME DIRECTOR – D.P. ABHUSHAN LIMITED MR. SANTOSH KATARIA – CHAIRMAN AND MANAGING DIRECTOR – D.P. ABHUSHAN LIMITED MR. VIKAS KATARIA – PROMOTER – D.P. ABHUSHAN LIMITED MR. MANISH LADDHA – CHIEF FINANCIAL OFFICER – D.P. ABHUSHAN LIMITED MODERATOR: MR. AJIT MISHRA – ERNST & YOUNG INVESTOR RELATIONS Page 1 of 20 DP Abhushan Limited July 22, 2026 Moderator: Ladies and gentlemen, good day and welcome to the D.P. Abhushan 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 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. Ajit Mishra from Ernst & Young. Thank you, and over to you, sir. Ajit Mishra: Good evening. Thank you for joining the call. I am Ajit Mishra from Ernst & Young Investor Relations. Before we proceed to the call, let me remind you that the discussion may contain forward-looking statements that may involve known or unknown risks, uncertainties, and other factors. It must be viewed in conjunction with our business risks that could cause future results, performance, or achievement to differ significantly from what is expressed or implied by such forward-looking statements. Please note that the press release, investor presentation, financial results are already circulated via mail and are available on the stock exchanges as well as the company's website. In case anyone has not received the documents, please feel free to reach out to us and we'll be happy to share them. To take you through the Q1 FY27 results and business performance today, we have with us senior management team of D.P. Abhushan Limited: Mr. Anil Kataria, Whole Time Director; Mr. Santosh Kataria, Chairman and Managing Director; Mr. Vikas Kataria, Promoter; and Mr. Manish Laddha, CFO. We will begin the call with the management's opening remarks on the company's performance for the quarter, followed by a question-and-answer session. With that said, I would now like to hand over the call to Mr. Anil sir. Over to you, sir. Thank you. Anil Kataria: Good evening, everyone and thank you for joining us on the Q1FY27 earnings call. On behalf of D.P. Abhushan Limited, I welcome all our investors, analysts, and stakeholders. I hope you have had the opportunity to review our financial results and Investor presentation. Before we discuss the financial performance and key business highlights, let me reflect upon Jewellery industry trends During the Quarter 1 of FY27. The Indian jewellery industry entered FY27 against the backdrop of elevated gold prices, policy- related developments, and evolving consumer behaviour. During the early part of the quarter, high gold prices continued to influence purchase decisions, particularly among price-sensitive consumers. However, the sharp correction in gold prices during June, followed by relative stability in July, helped improve buying sentiment, especially in the jewellery segment. While overall consumer demand remained somewhat subdued in June, industry feedback indicated that jewellery buying gained traction after the price correction, supported by exchange offers, promotional campaigns, and flexible payment options. Page 2 of 20 DP Abhushan Limited July 22, 2026 A key trend during the quarter was the continued resilience of jewellery demand despite near- term volatility. The quarter benefited from seasonal and occasion-led demand, including Akshaya Tritiya, summer weddings, and regional festivities during the early part of the period. At the same time, demand patterns remained broad-based, with traction across plain gold as well as studded jewellery categories. The industry also witnessed growth in customer additions and average ticket sizes, indicating that consumer interest in jewellery remained intact even in a high-price environment. In line with this broader sector trend, consumers are also showing higher interest in lightweight, daily-wear, minimalist, and versatile jewellery designs, which allow them to manage affordability while continuing to participate in jewellery purchases. Another important development during the quarter was the increasing relevance of old-gold exchange-led purchases. With gold prices remaining elevated and import duty increasing during the quarter, customers increasingly used old gold to fund new jewellery purchases. This helped support affordability and enabled consumers to continue purchasing jewellery without relying entirely on fresh cash outflows. The quarter also reflected the growing role of digital engagement in the jewellery buying journey. Consumers are increasingly discovering designs through digital catalogues, online platforms, social media, and virtual engagement tools before completing purchases in-store. While the recent government announcement and increase in gold import duty from 6% to 15% in May 2026 has introduced near-term cost and demand sensitivity, the long-term fundamentals of the sector remain intact, supported by India’s cultural affinity for gold, wedding and festive led demand, rising formalisation, omnichannel adoption. With this context, I will now hand over to Santosh, who will take you through the company’s detailed Business highlights. Santosh Kataria: I’m happy to share that the company has had an impressive start to FY27. We delivered healthy performance in the first quarter, with revenue growing 58% year on year, supported by festive occasions such as Akshaya Tritiya and the onset of the summer wedding season. Customer demand remained healthy across all our operating markets during the quarter. People are buying jewellery not only for regular consumption but also as an investment. The trust customers place in us, our strong regional presence, our wide product portfolio, and our focus on purity, transparency, and service excellence helped us deliver strong quarterly results. In Q1 FY27, footfall at our stores was encouraging, and the footfall-to-conversion ratio stood at 81%, showing strong buying intent and effective in-store engagement. During the quarter, our average ticket size was approximately Rs. 1,57,000, supported by wedding-led purchases and festive demand. One important trend during the quarter was increased customer participation in the Gold Exchange Business and the D.P. Swarna Plus Scheme. Customers today prefer planned jewellery purchases and want to efficiently monetize their existing gold. Following recent government announcements and growing awareness, gold exchange transac [Showing first 8,000 characters — download PDF for full document]