Transcript of Q1-FY27 Earnings Conference Call.

Ref: MIL/BSE/NSE/26 Date: August 4, 2026 BSE Limited National Stock Exchange of India Ltd Department of Corporate Services Exchange Plaza, C-1, Block-G P. J. Towers, 25th Floor, Bandra Kurla Complex, Dalal Street, Bandra (E) Mumbai- 400001 M umbai- 400051 B SE Security Code: 539400 NSE Symbol: MALLCOM Dear Sir/Madam, Subject: Transcript of Q1-FY27 Earnings Conference Call In continuation of our earlier intimation dated July 28, 2026, and pursuant to Regulation 30 read with Clause 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Transcript of the Q1-FY27 Earnings Conference Call held on Friday, July 31, 2026, at 12:30 PM (IST). The transcript is also available on the Company's website at the link provided below: https://mallcom.in/pages/investor-relations (Shareholder Information 2026-2027 - Earning Call - Quarter 1 Tab) This is for your information and records. Thanking you, Yours faithfully, For Mallcom (India) Ltd. Gaurav Raj Company Secretary & Compliance Officer Mallcom (India) Limited Q1 FY27 Earnings Conference Call July 31,2026 Moderator: Ladies and gentlemen, good day and welcome to Mallcom (India) Limited's 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 “*” then “0” on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Purvangi Jain from Valorem Advisors. Thank you and over to you, Ms. Jain. Purvangi Jain: Thank you. Good afternoon, everyone, and a very warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the investor relations of Mallcom (India) Limited. On behalf of the company, I would like to thank you all for participating in today's Earnings Call for the 1st Quarter of the Financial Year 2027. Before we begin, let me mention a quick cautionary statement: Some of the statements made in today's Earnings Call may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on management's beliefs as well as assumptions made by and information currently available to the 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 financial period under review. Now, let me introduce you to the management participating with us in today's earnings call and hand it over to them for their opening remarks. We have with us, Mr. Rohit Mall – Associate Vice President and Mr. Shyam Agrawal - CFO. Without any further delay, | request Mr. Rohit Mall to start with his opening remarks. Thank you and over to you, sir. Page 1 of 16 Rohit Mall: Thank you, Purvangi. Good afternoon, everyone. It's a pleasure to welcome you all to our earnings conference call for the 1st Quarter of the Financial Year 2027. I would like to begin by extending our sincere thanks to Valorem for hosting today's call. Let me start by sharing a few operational highlights for the quarter under review before handing it over to our CFO – Mr. Shyam Agrawal, who will take you through the financial performance. Despite the challenging and volatile market environment during the quarter, we delivered a meaningful improvement in profitability supported by lower raw material cost, improved operational efficiency at our Sanand plant, and our continued ability to pass on cost increases to our customers. On the product innovation front, we expanded our safety solution portfolio with the launch of a new mold for EN812 Certified Bump Caps and commenced its manufacturing at our Sanand plant, further strengthening our manufacturing capabilities. We also introduced European and American certified Flame Retardant workwear, enhancing our product offering and expanding opportunities in developed international markets. Another key highlight during the quarter was the overwhelming response to our “SMILE” Reseller program, which has helped expand our distribution network to over 1,000 resellers across India, significantly improving our market reach and customer accessibility. While operational performance remained encouraging, the quarter was not without challenges. Congestions at major seaports resulted in delays in the procurement of certain critical raw materials as well as the customer deliveries, impacting operational timelines. Nevertheless, our teams responded effectively to minimize disruption and ensure continuity of operations. As we move forward, we remain confident in our growth journey. Despite the operational challenges faced during the quarter, we delivered a strong improvement in profitability, underscoring the resilience of our business and the effectiveness of our execution. Backed by a stronger product portfolio, expanding marketing manufacturing capabilities, a wider distribution network, and a continued focus on operational excellence, we believe we are well positioned to drive sustainable growth and create long-term value for all our stakeholders. With that, I will now hand over to Mr. Shyam Agrawal – our CFO, who will take us through the financial performance of the company. Shyam Agrawal Thank you, Rohit. Good afternoon, everyone. I would like to provide an overview of the financial performance for the 1st Quarter of the Financial Year 2027: Page 2 of 16 On a consolidated basis for the 1st Quarter of the Financial Year 2027, operating revenue stood at Rs. 110 crores, reflecting a sequential decline of 25%, primarily due to moderation in international revenues and disruptions arising from the West Asia crisis. EBITDA for the quarter remained stable on a sequential basis at Rs. 14 crores. EBITDA margins improved to 12.51%, representing an expansion of 317 basis points quarter-on-quarter. This improvement was primarily driven by better price realization, lower raw material cost and improved operational risk efficiency. However, the margin expansion was partially offset by lower operating cost absorption on account of reduced turnover during the quarter. Profit after tax for the quarter stood at Rs. 7 crores, registering a growth of 5% quarter-on-quarter. Consequently, PAT margins improved to 6.03%, reflecting an expansion of 174 basis points over the previous quarter. Further, during the quarter, domestic revenue stood at Rs. 64 crores, registering a growth of 10% quarter-on-quarter and achieving the highest ever 1st Quarter domestic revenue for the company. International revenue stood at Rs. 46 crores. A strong domestic performance was achieved, despite continued pricing volatility, reflecting the company's disciplined market execution. Thank you. With this, we can now begin the question-and-answer session. Moderator: Thank you. We will now begin the question-and-answer session. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question comes from the line of Divyansh Jajoo with Trinetra Asset Managers. Please go ahead. Divyansh Jajoo: Hello. Good afternoon, sir. So, my first question is, as the global customers are continuing to diversify beyond China, are we seeing any particular order pattern? Is there any change? Like, they are giving more multi-year sourcing orders from existing customers only from us, any observation is there in this quarter? Rohit Mall: Yes, definitely, there is movement and especially with the news of India-Europe Free Trade Agreement and with also India-UK Free Trade now effective, there is definitely more interest and inquiries floating through us, maybe f [Showing first 8,000 characters — download PDF for full document]