Analysts/Institutional Investor Meet/Con. Call Updates

BAJAJS ELECTRONICS Listing Manager, The Secretary, The National Stock Exchange of India Ltd., BSE Limited, (Through NEAPS) (Through BSE Listing Centre) Symbol: EMIL Scrip Code: 543626 Series: EQ ISIN: INE02YR01019 Dear Sir/Madam, Subject: Disclosure of transcript of Earnings Conference Call for the First Quarter ended 30th June 2026 held on 07th August 2026. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the earnings conference call held on Friday, 07th August 2026, at 04:00 P.M. IST to discuss the Un-Audited Financial Results for the First Quarter ended 30th June 2026. The same is also available on the website of the Company at the below-mentioned link: https://investors.electronicsmartindia.com/earning-call-transcripts-and-investors- presentation We request that you take this information on record. Thanking You, For and on behalf of Electronics Mart India Limited Rajiv Kumar Company Secretary and Compliance Officer Date: 11th August 2026 Place: Hyderabad ELECTRONICS0 AUDIO & BEYOND' KITCH: N· EAsv· MART STORIES KITC:H: NS Regd. Office: 6-1-91, Shop No. 10, Ground Floor, Corporate Office: M.No. 6-3-666/A1 to 7, Zonal Office : 35 -Link Road, Lajpat Nagar Ill, Next to Telephone Bhavan, Secretariat Road, Opp. NIMS Hospital, Punjagutta Main Road, New Delhi -110024. Ph: 011-45546292 Saifabad, Hyderabad -500004 Hyderabad -500082. Ph : 040-23230244 ELECTRONICS MART INDIA LIMITED CIN No.: L52605TG2018PLC126593 E-mail: communications@bajajelectronics.in Website : www.electronicsmartindia.com .Electronics Mari India LJ'mlted “Electronics Mart India Limited Q1 FY27 Earnings Conference Call” August 07, 2026 EM/;,.. Electron/cs Mart lnd;a Umfledr, MANAGEMENT: MR. KARAN BAJAJ – CHIEF EXECUTIVE OFFICER – ELECTRONICS MART INDIA LIMITED MR. PREMCHAND DEVARAKONDA – CHIEF FINANCIAL OFFICER – ELECTRONICS MART INDIA LIMITED STRATEGY GROWTH ADVISORS -- INVESTOR RELATIONSHIP ADVISORS – ELECTRONICS MART INDIA LIMITED Page 1 of 17 Electronics Mart India Limited August 07, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Electronics Mart India Limited Q1 FY '27 Earnings Conference Call. Before we begin the conference, a brief disclaimer. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as of the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. 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 touchtone phone. Please note that this conference is being recorded. I would now like to hand the conference over to Mr. Karan Bajaj, Chief Executive Officer from Electronics Mart India Limited. Thank you, and over to you, sir. Karan Bajaj: Thank you very much. Good evening, and a very warm welcome to everybody present on the call. Along with me, I have Mr. Premchand Devarakonda, our Chief Financial Officer; and SGA, our Investor Relationship Advisers. We have uploaded our results, press release and investor presentation for the quarter end 30th June 2026 on the stock exchanges and the company's website. I hope everyone had the opportunity to go through the same. I am delighted to share that Q1 FY27 has been our strongest quarter to date with all the key metrics moving decisively in the right direction. Revenue grew by 39% to INR 2,419 crores. EBITDA increased by 118% to INR 239 crores and at a 9.9% margin. The PAT grew by 458% to INR 121 crores. This is the highest ever quarterly profit, and I want to spend the next few minutes walking you through what drove this performance and where we go from here. Let me start with the season itself. The summer of 2026 has been good for us. Air conditioners had their best quarter yet, both in terms of volume and value. As demand stayed strong right through the quarter, footfalls in our stores were consistent and healthy through the quarter and conversions held up well even as we saw customers trading up within the category. Our inventory planning going into the season with a calibrated mix of carry-forward and new models meant we were well stocked to capture this demand as it came and this discipline is reflected directly in the numbers this quarter. It is worth noting that a strong AC season does more than just add up to the top line for the quarter; it also brings in a wave of new customers into our ecosystem, many of whom we expect to return for large appliances and mobile phones later in this year. And that is a dynamic we will be watching closely as we move through FY27. Moving to category performance. More broadly, large appliances remained our largest contributor at 48% of revenue with AC leading, supported by continued traction in washing machine and refrigerators. Mobile phones contributed 39% to our revenue mix. Same-store sales growth for the quarter came at 34.2%, and this is one of the standout numbers in this quarter. Page 2 of 17 Electronics Mart India Limited August 07, 2026 It tells us two things. Our existing stores are maturing well and demand in our core markets remain exceptionally strong. Breaking this down further, our core South market has picked up in a very significant way. Andhra Pradesh alone grew revenue 62% year-on-year with an SSG of 49.1%, while our Telangana up-country market grew at 48% with an SSG of 40%, and even our large established Hyderabad city base grew by 34% with an SSG of 32.3%. For a market we have operated in for over over four decades, to see this kind of reacceleration is a strong validation of EMIL, the brand and how our stores are resonating with customers. Overall, our South cluster delivered 40% revenue growth for the quarter and continues to operate at scale, profitable engine at 10.9% EBITDA margin. I'm equally pleased to report that our North cluster has turned a corner this quarter. Revenue in the North grew 29% year-on-year and EBITDA margin improved to a record 4.9%, meaningfully ahead of where we were even a couple of quarters ago. As more of our North stores gain vintage and scale, we expect store productivity and margins here to continue trending towards the South cluster benchmark. This brings me to the theme that I think is central to understand our margin trajectory going forward: the performance of our non-mature stores. As of this quarter, we operate 96 stores that are over 4 years old and 131 stores that are less than 4 years old. Our mature stores are already operating at an EBITDA margin of 11.2%. But what is encouraging is that our non-mature stores delivered an 8.1% margin this quarter, a meaningful step-up and proof that these stores are picking up pace faster than we had originally modeled. With a significant part of our network still in these early stages, we see this as a genuine source of embedded built-in margin improvement for the company over the next few years. Looking ahead, we are preparing to enter West Bengal, which is the next step in our cluster- based expansion strategy. We have studied this market closely, and we see meaningful headroom for organized retail here, much as we saw when we first entered the North a few years ago. Consistent with how we have approached every new cluster, we will enter deliberately, build density before we build our stake of size and let the unit economics guide the pace of our expansion. For the remainder of FY27, our priorities remain clear and unchanged. First, working capital efficiencies, we will continue to tighten our inventory and cash conversion cycle to better demand forecasting and technology-led replenishment. Second, disciplined expansion. We will deepen our presence in existing clusters [Showing first 8,000 characters — download PDF for full document]