Analysts/Institutional Investor Meet/Con. Call Updates

July 20, 2026 The Manager (Listing - CRD) The Manager (Listing Department) BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Tower, Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai - 400 001. Mumbai - 400 051. Scrip Code: 533151 SYMBOL: DBCORP ISIN: INE950I01011 Sub.: Transcript of the Conference Call for Investors and Analysts held on Thursday, July 16, 2026 Ref.: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) Dear Sir/Madam, In continuation to our letter dated July 10, 2026 and pursuant to Regulation 30 of the SEBI Listing Regulations, we hereby submit the transcript of Conference Call for Investors and Analysts held on Thursday, July 16, 2026 at 4:30 PM (IST) on the Company’s financial performance for the quarter ended June 30, 2026. The same has been uploaded on the Company’s website within the stipulated timelines at https://www.dbcorpltd.com/financial-results.php. The link to access the said transcript is: https://dbcorpltd.com/img/DB_Corp_Q1_FY27_Conference_Call_Transcript.pdf Request you to kindly take the above information on record. Thanking you, For D.B. Corp Limited Om Prakash Pandey Company Secretary & Compliance Officer Membership No.: F7555 Encl.: as above “D.B. Corp Limited Q1 FY27 Earnings Conference Call” July 16, 2026 MANAGEMENT: MR. PAWAN AGARWAL – DEPUTY MANAGING DIRECTOR – D.B. CORP LIMITED MR. GIRISH AGARWAL – DIRECTOR – D.B. CORP LIMITED MR. LALIT JAIN – CHIEF FINANCIAL OFFICER – D.B. CORP LIMITED MR. MUSHTAQ ALI – SENIOR VICE PRESIDENT, FINANCE AND ACCOUNTS – D.B. CORP LIMITED D.B. Corp Limited July 16, 2026 Moderator: Good evening, ladies and gentlemen, and welcome to D.B. Corp Limited Q1 FY27 Earnings Conference Call. We have with us today the senior management team of D.B. Corp Limited, Mr. Pawan Agarwal, Deputy Managing Director; Mr. Girish Agarwal, Director; Mr. Lalit Jain, Chief Financial Officer; and Mr. Mushtaq Ali, Senior Vice President, Finance and Accounts, who will be representing the D.B. Corp Limited on the call today. The management will be sharing the key operating and financial highlights for the quarter ended June 30, 2026, followed by a question-and-answer session. Please note that some of the statements made in today's discussion may be forward-looking in nature and may involve risks and uncertainties. Documents relating to the company's financial performance have already been e-mailed to you and are available on the website of the stock exchanges and the company's Investors section. Trust you have been able to go through the same. 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, 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 Mr. Pawan Agarwal. Thank you, and over to you, sir. Pawan Agarwal: Thank you, and good evening, everyone. Thank you for joining us for our Q1 FY27 Earnings Call. We will begin with an overview of our financial performance for the quarter ended June 30, 2026, followed by key operational updates across our businesses. We started the financial year on a strong note, delivering healthy growth in revenues, improved profitability and continued margin expansion despite a challenging cost environment. Our consolidated total revenue increased by around 8% year-on-year to INR 6,220 million, reflecting steady momentum across our core businesses. More importantly, our focus on operational excellence and disciplined cost management translated into stronger profitability. EBITDA grew by around 19% year-on-year to INR 1,647 million, significantly outpacing revenue growth. Consequently, our EBITDA margin expanded by 250 basis points to 26.1% compared to 23.6% in Q1 FY26, demonstrating the strength of our business model. Our profit after tax increased by around 25% year-on-year to INR 1,007 million compared with INR 808 million in the corresponding quarter last year. This strong bottom line performance reflects the combined benefits of healthy revenue growth, effective cost optimization and sustained operational discipline. Our consolidated advertising revenue continued its strong trajectory, growing by around 10% year-on-year to INR 4,320 million compared with INR 3,933 million in Q1 FY26. The growth was broad-based across key sectors and reinforces the continued strength of print advertising in our leadership markets. Page 2 of 2 D.B. Corp Limited July 16, 2026 Print and other business EBITDA grew by 18% year-on-year to INR 1,499 million as compared to INR 1,270 million in Q1 FY26. At the same time, our circulation revenue remained stable at INR 1,204 million, reflecting the continued loyalty of our readers and the strength of our market-leading publication despite an evolving media landscape. Our radio business also delivered an encouraging performance during the quarter. Revenue increased to INR 425 million from INR 392 million last year, while EBITDA grew by around 29% year-on-year to INR 148 million compared with INR 115 million last year. The strong profitability improvement highlights the continued recovery and operating leverage within the radio business. On the cost front, newsprint price witnessed some upward pressure during the quarter, primarily due to broader macroeconomic and geopolitical developments. Despite this inflationary pressure, our continued emphasis on procurement efficiencies, cost optimization and disciplined execution enabled us to successfully mitigate much of the impact, resulting in healthy margin expansion during the quarter. Let me move on to our digital business. Digital continues to be an important long-term growth pillar for the company and as of May 2026, our news applications recorded around 20 million monthly active users, maintaining Dainik Bhaskar's position as the number 1 Hindi and Gujarati news app. Our continued investments in high-quality content, technology and user experience are helping us strengthen user engagement, improve retention and further expand our digital reach. With that, I would now like to hand over the call to Mr. Girish Agarwal for his comments. Over to you, Girish. Girish Agarwal: Thank you, Pawan, and good evening, everybody. Thanks to you all for joining us today. This quarter has been another demonstration of the resilience and strength of our business. Newspaper continues to perform consistently, reinforcing its relevance as a trusted and effective medium for both readers as well as advertisers. Our performance during this quarter reflects disciplined execution across all our businesses, sustained market leadership and our continued ability to deliver profitable growth. With that now, I would like to open the floor for the question-and-answer session. Thank you very much. Moderator: Thank you very much. We will now begin the question-and-answer session. First question is from the line of Shivam Gupta from Trinetra Asset Managers. Shivam Gupta: I want to know like circulation copies had dipped to around 39 lakh in Q4. Has the new circulation stream helped stabilize or grow the number in Q1? And what's the updated outlook for the full year? Page 3 of 3 D.B. Corp Limited July 16, 2026 Girish Agarwal: So the circulation number in Q1 this year is around 38 lakh copies. With all our efforts, I think some of the impact of the summer also is in this, but it would be in the range of 38 lakh, 39 lakh only. I guess with all the efforts of circulation, which our team is doing, we are able to maintain the number. And in certain places, we have been able to increase our market share also. Shivam Gupta: Okay, sir. And the next question is like about the, I know you told around 20 million as of [Showing first 8,000 characters — download PDF for full document]