Transcript of the Earnings call held on November 05, 2026 to discuss the operational and financial performance for Q2 and H1 FY27

Uno Minda Limited [MINDA] --.::,~IVING THE NEVV-- Ref. No. Z-IV/R-39/D-2/NSE/207 & 174 Date: November 11, 2026 National Stock Exchange of India Ltd. BSE Ltd. Listing Deptt., Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai -400 051 Mumbai-400 001 NSE Symbol: UNOMINDA BSE Scrip: 532539 Sub: -Transcript of the Earnings Call held on Thursday, November 05, 2026 to discuss the operational and financial performance for Q2 and Hl FY27 Dear Sirs, Pursuant to Regulation 30 read with Schedule Ill of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the Earnings Call held on Thursday, November 05, 2026 to discuss the operational and financial performance of the Company for Q2 and Hl FY27. A copy ofthe said transcript is also being uploaded on the website ofthe Company at: https:ljwww.unominda.com/investor/analyst-call-transcripts Thanking you. Yours faithfully, For Uno Minda Limited ~P:..vct7l b.\l Tarun Kumar Srivastava Company Secretary & Compliance Officer M. No. A11994 Place: Manesar, Gurugram Encl: As above Uno Minda Limited (Corporate Office) : Village Nawada Fatehpur, P.O. Sikonderpur Bodda, Manesar, Distt. Gurgoon, Haryana - 122004, India. T: +91 124 2290427/28, 2290693/94/96 F: +91 124 2290676/95 Email:info@unominda.com,www.unominda.com Ragd. Office: B-64/1, Wcnirpur Industrial Area, Delhi - 110052 CIN No.: L74899DL l 992PLC050333 “Uno Minda Limited Q2 & H1 FY27 Earnings Conference Call” November 05, 2026 E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 5th November 2026 will prevail Pllt•JI l MINDA -.:l.:tlVING THE NEW- Management: Mr. Sunil Bohra Group Chief Financial Officer Mr. Ankur Modi Head, Corporate Finance and Communication Page 1 of 11 Pllt•JI I MINDA Uno Minda Limited November 05, 2026 -O;:tlVING THE: NEW- Moderator: Ladies and gentlemen, good day and welcome to the Q2 and H1 FY27 Earnings Conference Call of Uno Minda Limited. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on the date of this call. These statements are not the guarantee of future performance of the company and may involve risks and uncertainties that are difficult to predict. As a reminder, all participants' line 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 touch- tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Sunil Bohra, Group CFO. Thank you, and over to you, sir. Sunil Bohra: Thank you, Iqra. Good afternoon, everyone, and a warm welcome to all the participants. Happy Diwali and best wishes to you and your families. On the earnings call today, I am joined by my colleague, Ankur Modi. We have uploaded our financial results and investor presentation for the quarter and half year ending September 26 on the stock exchanges and our company's website. We hope everybody had an opportunity to go through the same. I will begin with a brief overview of the macroeconomic environment, followed by the current trends in the automotive industry, and then to our financial and operational performance for the quarter and half year ended September 26. Post that, we will open the floor for Q&A. Talking about the global economy, the global economic environment during the quarter remained challenging. The geopolitical conflicts have pushed up energy and commodity prices, disrupted key shipping and logistics routes, increased transportation and input costs for businesses across the world. As a result, the overall supply chain environment remains challenging. These factors are adding to inflationary pressures and weighing on global growth. According to the IMF's October 26 World Economic Outlook, global GDP is projected to slow to 3.1% for 2026, while global inflation projections have been revised upwards by 70 basis points to 4.7%. The outlook remains uncertain, and the duration of the conflict, along with its impact on energy supplies and global trade, will be the key factors to watch. Despite a challenging global backdrop, India continues to stand out as one of the brightest spots in the world economy. Our GDP grew 7.8% in Q1 FY27, ahead of expectations, and this momentum has been recognized globally. The IMF has raised India's FY27 growth forecast to 7.0%, while RBI, in its October policy, revised its projection upward to 7.1% from 6.7% earlier. A stronger dollar has put pressure on the rupee, which, along with higher energy prices, has pushed up input costs. The RBI has responded proactively, raising its inflation projections to 5.2% and increasing the repo rate by 25 basis points to 5.5% to keep price stability firmly on track. Page 2 of 11 Pllt•JI I MINDA Uno Minda Limited November 05, 2026 -O;:tlVING THE: NEW- What gives us confidence is the strength of India's domestic market. Robust consumption, sustained government investment in infrastructure, and steady private capital spending continues to drive growth. At the same time, the government's focus on localization, manufacturing, digital transformation, and reforms are building an economy that can absorb external shocks far better than before. We believe this places India and business like ours in a strong position for long- term growth. Moving to the automotive industry overview, for the second quarter of FY27, the Indian automotive industry sustained its strong momentum, with PV and two-wheeler segments recording their highest-ever quarterly production. The total automotive production crossed 109 lakh units, a growth of around 18% year-on-year, while domestic sales rose 18.2% to 83.9 lakh units. This was supported by improved affordability following GST 2.0, resilient rural and urban demand, infrastructure-led activity, higher disposable income resulting from higher personal tax relief, and a gradual recovery in the replacement cycle. Export performance remained healthy. The total vehicle exports stood at around 20.8 lakh units during the quarter, growing by 23.9% year-on-year. The export growth was led by strong growth in two-wheelers, three-wheelers, and commercial vehicles. Passenger vehicle exports, however, declined 5.2% to 2.29 lakh units on account of high base and logistics constraints associated with the West Asia crisis. During the quarter, 16.6 lakh passenger vehicles were produced, up 25% year-on-year. The electrification and premiumization of Indian market continued to gather pace. Electric passenger vehicle registrations almost doubled to around one lakh units in the quarter, with EV penetration reaching 8% for the quarter, supported by widening product portfolio and accelerating consumer acceptance. Two-wheelers posted production of 81 lakh units for the quarter, up 16.5%, with scooters leading the way, which grew 30.1% versus 9.8% growth for motorcycles. Exports reached their highest- ever Q2 level of 16.5 lakh units, up 27.7%. Electric two-wheeler adoption accelerated further, with registrations rising 91% year-on-year to around 5.9 lakh units in the quarter and penetration crossing 11% for the quarter. Looking ahead, we expect growth momentum to continue in H2 FY27, in spite of higher base last year. The festive season, wedding season, and new launches are likely to support demand momentum. Moving on to the financial and operational performance for the quarter, you may refer to Slide number 7 and 8. We delivered another stellar quarterly performance, achieving our highest ever quarterly revenue and profit. This reflects the fundamental strength of our business model, innovative product and system offerings, our expanding content [Showing first 8,000 characters — download PDF for full document]