Analysts/Institutional Investor Meet/Con. Call Updates

November 11, 2026 काित(cid:330)क शु(cid:401) प(cid:407), ि(cid:554)तीया िव(cid:354)म स(cid:646)त २०८३ National Stock Exchange of India BSE Limited Limited Corporate Relationship Department, “Exchange Plaza” 1st Floor, New Trading Ring, Rotunda Building, Bandra – Kurla Complex, P.J. Towers, Bandra (E), Mumbai – 400 051 Dalal Street, Fort, Mumbai – 400 001 NSE Code: GHCLTEXTIL BSE Code: 543918 Dear Sir/Madam, Subject: Filing of Transcript of Investors’ conference call held on November 05, 2026 In continuation to our earlier communication dated November 05, 2026 and pursuant to requirement of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copy of the transcript of the earning conference call by Company’s senior management held on Thursday, November 05, 2026 at 03:30 PM(IST) for your reference and record. Please note that copy of this intimation is also available on the website of the Company (www.ghcltextiles.co.in). You are requested to kindly note the same. Thanking you Yours faithfully For GHCL Textiles Limited Lalit Narayan Dwivedi Company Secretary and Compliance officer Membership No.: FCS10487 Encl: as above “GHCL Textiles Limited Q2 & H1 FY27 Earnings Conference Call” November 05, 2026 MANAGEMENT: MR. R.S. JALAN - NON-EXECUTIVE DIRECTOR - GHCL TEXTILES LIMITED MR. RAMAN CHOPRA - NON-EXECUTIVE DIRECTOR - GHCL TEXTILES LIMITED MR. MARSHAL SONAVANE - CHIEF EXECUTIVE OFFICER - GHCL TEXTILES LIMITED MR. PARASURAMAN - CHIEF FINANCIAL OFFICER - GHCL TEXTILES LIMITED MODERATOR: MS. GARIMA SINGLA - GO INDIA ADVISORS LLP Page 1 of 14 GHCL Textiles Limited November 05, 2026 Moderator: Ladies and gentlemen, good day and welcome to the GHCL Textiles’ Q2 & H1 FY27 Earnings Conference Call hosted by Go India Advisors. 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 touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Garima Singla from Go India Advisors. Thank you, and over to you, ma'am. Garima Singla: Thank you. Good afternoon, one and all. It's my pleasure to welcome you on behalf of GHCL Textiles Limited. Thank you for joining us today for Q2 and H1 FY27 earnings conference call. This call is being hosted by Go India Advisors. Today on the call, we are joined by Mr. R.S. Jalan, Non-Executive Director, Mr. Raman Chopra, Non-Executive Director, Mr. Marshal Sonavane, CEO, and Mr. Parasuraman, CFO. Please note that today's discussion may include certain forward-looking statements. Therefore, they must be viewed in conjunction with the risks that the company faces. I now invite Mr. Marshal to present the company's business outlook and performance, after which we will open the floor for Q&A. Thank you, and over to you, sir. Marshal Sonavane: Thanks Garima. Good afternoon, everyone and a warm welcome to GHCL Textiles’ earnings conference call for the second quarter and half year ended September 30th 2026. Our results and investor presentation are available on the stock exchanges. Let me begin with the operating environment. The global backdrop continues to present a case of cautious optimism with the demand tailwinds continuing and potential to strengthen further with the signing of FTAs, and at the same time increasing raw material prices and a volatile global situation creating resistances. Domestic demand across our segments continued to remain steady with a strong order flow. However, the sharp rise in cotton and yarn prices towards the end of Q2 led buyers to limit purchases to immediate needs. The export markets as well did not face any challenge in terms of volume. UK and New Zealand FTAs are now in force, and the benefits of the same will be visible in a year's time. The India-EU agreement is expected to be operational in early 2027, and there seems to be steady progress on other discussions -- other in-discussion FTAs. Overall, the demand scenario remains positive. On the cotton front, global and domestic output has declined while consumption has remained stable or increased. Within India, the crop size is expected to be lower due to the El Niño effect. Page 2 of 14 GHCL Textiles Limited November 05, 2026 Proactive steps from Government of India to remove the duty on imported cotton and also extending it till December are steps in the right direction and will help stabilize the cotton prices and availability. Domestic cotton prices rose from around INR64,000 per candy to INR69,000 per candy during the quarter and have remained around INR67,000 since. This price is at parity with global cotton, helping in the competitiveness of Indian yarn. We follow a robust cotton procurement process from both domestic and imported cotton to ensure our high standards of product quality and at sustainable prices. Turning to our own operations, we continue to operate at around 99% capacity utilization. Our Meenakshi unit has reached full capacity and the share of fabric in our revenue increased to 16% from 11% in the same quarter last year. Overall, we delivered a robust Q2. Our revenue has reached INR446 crores, up 31% year-on-year. EBITDA came in at INR92 crores, up 141% with margin improving to 20.6% from 11.2% and PAT adjusted for the exceptional loss was INR56 crores, up 249%. Reported PAT is INR36 crores, up 124%. For H1 FY27, revenue was INR856 crores, up 40%, EBITDA at INR162 crores, up 129% and adjusted PAT at INR95 crores, up 223%. Reported PAT is INR75 crores, which is up 155% compared to last year. On a sequential basis, revenue grew 9%, EBITDA grew 31% and adjusted PAT grew 42%. All adjusted PAT figures mentioned above exclude the one-time exceptional loss of about INR27 crores on account of inventory lost in the fire incident at our rented warehouse in Tuticorin in August '26. There was no impact on our manufacturing operations due to this incident. The inventory was adequately insured and the claim is under progress. Our balance sheet remains strong. During the half year, we repaid about INR74 crores of debt and now net debt is at INR48 crores, a net debt-to-equity of 0.03x. Our strong balance sheet enables our growth plan. Of the INR1,035 crores committed under the MOU with the TN government, INR675 crores have been invested. Our planned knitting expansion will be completed in Q3 with receipt of balance machines. 11-megawatt ground solar project is under progress and will be commissioned by end of Q3. This will take the total green energy installation to 76 megawatts. We have received the land allocation at PM MITRA Park, a total of 56 acres, which will be used primarily for processing. In addition, we have received a board approval for an investment of INR410 crores which includes margin money on working capital requirements, towards adding 58,368 spindles along with 5 megawatts of rooftop solar. This project will generate a revenue of INR400 crores to INR420 crores at an EBITDA of 14% to 15%. We expect to complete this project by end of FY28, and the full benefit can be expected in FY29. Looking ahead, we remain cautiously optimistic. Underlying demand is steady and should gain momentum as FTA benefits take effect. However, higher raw material prices will take time to be absorbed and margins may see some near-term pressure as cotton prices move up. Our Page 3 of 14 GHCL Textiles Limited November 05, 2026 strategic priorities remain clear: value-added yarns, vertical integration, green energy and operational excellence. These keep us on track towards our goal of INR2,500 crores revenue at a 15% to 18% EBITDA margin by FY30. We thank you for your continued confidence and support. We are now happy to take your questions. Moderator: Thank you very much. We will now begin the question and answer ses [Showing first 8,000 characters — download PDF for full document]