Transcript of Analysts and Investors Conference Call held on August 07, 2026

10th August 2026 The Manager, The Manager, BSE Limited, Listing Department, Floor 25, Pheroze Jeejeebhoy Towers, National Stock Exchange of India Limited, Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Mumbai - 400 001. Bandra (E), Mumbai – 400 051. Ph. No. 022- 22721233 / 22721234 Ph. No. 022- 26598100 / 26598101 Fax No. 022-22723121 / 22721072 Fax No. 022-26598237 / 26598238 Codes: BSE Scrip code 500215, Co. code 1311 NSE Symbol SUNDROP, Series EQ-Rolling Settlement Dear Sir(s)/Madam, Sub: Disclosure under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with amendments therein as notified from time to time (“the Listing Regulations”) – Transcript of the Investors/Analysts Conference Call held on 07th August 2026 In continuation to our earlier intimation letters dated 30th July 2026 & 07th August 2026, and pursuant to Regulation 30 read with Schedule III of the Listing Regulations, we are enclosing herewith the transcript of the Investors/Analysts Conference Call of Sundrop Brands Limited (formerly known as Agro Tech Foods Limited) (“the Company”) held on 07th August 2026 for discussion on the Unaudited Financial Results (Standalone and Consolidated- Limited Reviewed) for the first quarter of the financial year 2026-27. The transcript is also available on the website of the Company at the following webpage link: https://www.sundropbrands.com/analyst-calls.aspx You are requested to take this on record. Thanking you, Yours faithfully, For Sundrop Brands Limited (formerly known as Agro Tech Foods Limited) Kavita Company Secretary & Compliance Officer Membership No.: A-27174 Encl: A/a Sundrop Brands Limited (Formerly known as Agro Tech Foods Limited) Registered office: 31, Sarojini Devi Road, Secunderabad- 500003, Telangana, India. Tel: 91-40-66650240 Corporate office: Tower C, 15th Floor, Building No. 10, Phase-II, DLF Cyber City, Gurugram-122002, Haryana. Tel: 0124-4593700 Web: www.sundropbrands.com; CIN: L15142TG1986PLC006957 “Sundrop Brands Limited Q1 FY27 Earnings Conference Call” August 07, 2026 MANAGEMENT: MR. NITISH BAJAJ – GROUP MANAGING DIRECTOR, MR. ASHEESH KUMAR SHARMA – CHIEF EXECUTIVE OFFICER & EXECUTIVE DIRECTOR MR. KPN SRINIVAS – CHIEF FINANCIAL OFFICER MR. ABHINAV KAPOOR – CHIEF EXECUTIVE OFFICER, DEL MONTE BUSINESS MR. AMITOSH KUMAR BANKA – CHIEF FINANCIAL OFFICER, DEL MONTE BUSINESS MODERATOR: MR. AJAY THAKUR - ANAND RATHI SHARES AND STOCK BROKERS LTD. Page 1 of 21 Sundrops Brand Limited August 07, 2026 Moderator: Ladies and gentlemen, good day and welcome to Sundrop Brands Limited Q1 FY27 Earnings Conference Call hosted by Anand Rathi Shares and Stock Brokers Limited. 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 a touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Ajay Thakur from Anand Rathi Shares and Stock Brokers Limited. Thank you and over to you, sir. Ajay Thakur: Hello, good afternoon, everyone. We welcome you all to Sundrop Brands Limited Q1 FY27 Earnings Conference Call hosted by Anand Rathi Shares and Stock Brokers. From the Management side, we have Mr. Nitish Bajaj – Group Managing Director, Mr. Asheesh Kumar Sharma – CEO and Executive Director and Mr. KPN Srinivas – CFO. Without much ado, I shall hand over the floor to Mr. Nitish Bajaj for his opening comment followed by Q&A. Over to you, sir. Nitish Bajaj: Thank you, Ajay and good morning, all. Very happy to be with all of you. I would just like to make one more addition here. We also have on the call Abhinav Kapoor, who is our CEO for Del Monte Business and Amitosh Kumar Banka, who is our CFO for Del Monte Business. So, that’s the Team today available for all of us on the call. As I go along the presentation, I will keep referring to the slide numbers so that you can relate from where I am making certain comments. So, starting with my set of presentation, I am moving straight to Page #3. A quick recap for some of you who may be joining for the first time with us on our vision and mission: As an organization, we stay true to our mission of bringing joyful food experience to the modern evolving consumers, which means that we would work on a portfolio which has a broader, pna- India or greater India appeal. Of course, we shall continue to deliver it through bringing innovative, delicious and convenient packaged food solutions to our consumers. Also, as a key part of our thesis of why we are a very good platform, Sundrop Brand has gradually started to emerge now as a food platform with reasonable scale and, of course, a very strong profitable growth opportunity in the periods ahead. We have done it through addition of Page 2 of 21 Sundrops Brand Limited August 07, 2026 Del Monte Foods Business to our portfolio, which happened in February ‘25. As a combined organization, today we operate in categories which are high growth and also have reasonably strong margins. We have brought in a very intensive focus on our core portfolio. So, we have made strategic choices around portfolios which we have been investing in over the last 18 to 24 months. And those sharp calls are also starting to show dividends in the way our growth trajectory has shaped up over the last 1.5 to 2 years. We do have very strong and growing salience in emerging alternate and fast-growing channels, which is specifically to call out modern trade and e-commerce. There our salience is also significantly increasing. As a Management, our team is focused on profitable growth as a key thesis. We are working strongly to improve our EBITDAs, leveraging the scale benefits, leveraging the platform benefit of our organization, and also consistently looking at cost efficiency and value improvement opportunities for our products and portfolio and the way we operate business. Overall, thesis has seen a little bit of change. Historically, we were more driven with CapExes within the organization to drive growth as a thesis. We have changed it over the last two years to say that we will follow a capital efficient approach, which means we will use a mix of good manufacturing platform available outside of our own ecosystem also and use third-party systems wherever available and of high-quality order to drive innovation and growth and of course expand the efficiency and utilization of our own capital assets. And we are also driven to look at both while we grow organically on the portfolio, we are actively also looking at inorganic opportunities, which could help us accelerate the growth momentum of our business. As a platform today, I am moving on to page number, Slide #5. As a platform today, we have three key brands ACT II, Del Monte, and Sundrop. Just as a quick reminder, ACT II and Del Monte, we have perpetual licenses for greater India geography. When I say greater India geography, it covers India, Sri Lanka, Nepal, Bangladesh, and also Myanmar, Bhutan geographies. So, we have a perpetual license for these two brands. For larger geography, we are also affiliated with the parent companies, and we have exclusivity to be having the first right of anything which they would want to bring in these brands in this part of the country. We of course have global rights for Sundrop brand and these three brands put together form the bulk of our business as we operate today. Coming to Quarter 1 numbers, I am on Slide #6: I am very happy to share that we have consistently been delivering accelerated growth trajectory and in this quarter, we have closed the quarter with 15% consolidated revenue growth. Page 3 of 21 Sundrops Brand Limited August 07, 2026 Some key insights to this: Of course, sequentially, we have grown 11% over last quarter, 15% o [Showing first 8,000 characters — download PDF for full document]