Earnings Conference Call Q1 FY 27 Transcript

August 10, 2026 BSE Limited, National Stock Exchange of India Limited, 20th Floor, P.J. Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 544595 Scrip Symbol: ORKLAINDIA Dear Sir / Madam, Subject: Transcript of the Earnings Conference Call with Analysts/ Investors on the financial results for the quarter ended June 30, 2026 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), please find enclosed the transcript of the Earnings Conference Call on unaudited financial results for the quarter ended June 30, 2026, conducted after the meeting of the Board of Directors held on Tuesday, August 04, 2026. The Transcript is made available on the website of the Company at: https://www.orklaindia.com/governance/stock-exchange-intimations/earnings-call-updates/2026-27/ We request you to take this on record and treat the same as compliance with the applicable provisions of the SEBI Listing Regulations. Thanking you. For Orkla India Limited (Formerly known as Orkla India Private Limited) Kaushik Seshadri Company Secretary and Compliance Officer Encl.: as above ORKLA INDIA LIMITED (Formerly known as “Orkla India Private Limited”) Registered Office: No. 1, 2nd & 3rd Floor, 100 Feet Inner Ring Road, Ejipura, Ashwini Layout, Viveknagar, Bengaluru - 560 047, India CIN: L15136KA1996PLC021007 | T: +91 80 4081 2100/7 | Website: www.orklaindia.com | E-mail: contactus@orklaindia.com “Orkla India Limited Q1 FY27 Earning Conference Call” August 04, 2026 MANAGEMENT: MR. SANJAY SHARMA – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – ORKLA INDIA LIMITED MS. SUNIANA CALAPA – CHIEF FINANCIAL OFFICER – ORKLA INDIA LIMITED MR. SIDDHARTH BORKAR – HEAD, M&A AND INVESTOR RELATIONS – ORKLA INDIA LIMITED MODERATOR: MR. ANIKET KAMBLE – ICICI SECURITIES LIMITED Page 1 of 17 Orkla India Limited August 04, 2026 Moderator: Ladies and gentlemen, good day and welcome to Q1FY27 Earning Conference Call of Orkla India Limited. hosted by ICICI Securities. 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 touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Aniket Kamble from ICICI Securities. Thank you and over to you, sir. Aniket Kamble: Thank you, Danish. It's an absolute pleasure from ICICI Securities to host the Q1FY27 Earnings Call of Orkla India Ltd. I now hand over the call to Mr. Siddharth Borkar to take over the proceedings. Thank you and over to you, Siddharth sir. Siddharth Borkar: Thank you, Aniket, for hosting us. Hello and welcome, everyone, to the Q1 FY27 Results for Orkla India. I am Siddharth Borkar, Head of M&A and Investor Relations at Orkla India. I am joined by Mr. Sanjay Sharma, Managing Director and CEO at Orkla India, and Ms. Suniana Calapa, CFO at Orkla India. I hope you've gone through the investor presentation and other materials that we have uploaded. In today's call, we'll walk you through some of the key highlights of the quarter, and then we'll open the floor for Q&A. I want to draw your attention to the disclaimer slide as stated in our earnings presentation. With that, I hand it over to Sanjay. Sanjay Sharma: Thanks, Siddharth. A very good evening to everyone. My name is Sanjay Sharma. I'm the Managing Director and CEO for Orkla India. And I'm joined along with our CFO, Suniana Calapa, to take you through our results. This quarter marks an encouraging start to our new financial year. We've delivered 11.5% growth in revenue from product sales, and we've maintained a healthy profitability with an EBITDA margin of 17.5%. These results reflect the strength of our brand portfolio, the resilience of our business model, and a continued focus on executing against the long-term strategic priorities. We deeply value the continued trust and support from our investors. Before I take you through the details of the results, let me give you a quick introduction to Orkla India. So, if you could move along with me to Slide Number 5 if you have our presentation. Orkla India is a multi- category food company anchored by trusted heritage brands, such as MTR and Eastern. We operate in two categories spices and convenience food. Our business model is built on a fundamental premise that food is local. Our growth charter is consciously focused on winning in our core markets, particularly South India, where we have a strong cultural and consumption Page 2 of 17 Orkla India Limited August 04, 2026 relevance. However, we do sell our products across India as well. We generate 70% of our revenues from our core markets of South India, with international business contributing 21% of our overall revenues. The balance revenue comes from the rest of India. This is supported by a strong distribution network combined with a manufacturing footprint that enables us to operate with both scale and agility. Before I turn into our performance, it's worth framing the macro backdrop we are operating in. Broadly, constructively, but with risks we are watching closely. So, if you could move to Slide 7. Growth remains resilient. India's real GDP is among the fastest growing in the world. External factors have driven only a slight moderation, while the fundamentals, such as consumption, investment, and government spending, stay healthy. Inflation ticked up in June 2026 with both CPI and food inflation rising on higher food prices, a delayed monsoon, and increased transportation costs. Even so, FMCG demand stays encouraging, as an improving sentiment, a gradual recovery in discretionary spending, and a stable growth continue to support category momentum. We remain mindful of external risks. Tensions in West Asia continue to affect commodity prices, freight, and supply chain stability, while monsoon progression will shape agricultural output, rural incomes, and rural demand. Amid both opportunity and uncertainty, our focus remain-- is unchanged execute with agility, hold cost discipline, strengthen supply chain resilience, and keep investing behind our brands and growth initiatives. If you can move to slide number 8, I will talk to you about the raw material inflation that we've been facing. After 8 quarters of deflation, spice prices have begun to normalize. We now are climbing sharply. In quarter 1, we've seen an increase of 32.8% versus the same period last year. Key commodities have seen a steep inflation over recent quarters, with chilli up 78% and coriander, which has gone up 40%. We have consistently passed these higher cost through to consumers via pricing. The impact rose from 6.5% last quarter, to 11.4% in this quarter. At the same time, we are driving operating efficiencies and working closely with our business partners to manage and mitigate the overall impact. Coming to business highlights. If you could move to slide number 10. After 8 quarters of subdued deflation-driven growth, Quarter 1 FY27 delivered a strong double-digit revenue growth of 11.5%. Excluding Kerala, the growth improves to 12.1%, reflecting an internal sales restructuring underway there, which I will cover later. Profitability has stayed healthy with an EBITDA of INR115 crores at 17.5% EBITDA margin, a sequential improvement of 150 basis points versus the last quarter. These results reflect the strength of our brands and the resilience of our business model. We sustained strong sequential margins despite significant raw material inflation and impact of West Asia conflict, while continuing to invest behind our brands and long-term growth initiatives. Page 3 of 17 Orkla India Limited August 04, 2026 If you can move to slide 11. Quarter 1 FY27 was characterized [Showing first 8,000 characters — download PDF for full document]