Submission of the Transcript of the ''''Q1FY27 Earnings Call'''' of the Company

L-1/0114/PG/PD August 12, 2026 BSE Limited : Code No. 500031 Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street Mumbai 400 001 National Stock Exchange of India Limited : BAJAJELEC - Series: EQ Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Sub: Submission of the Transcript of the ‘Q1FY27 Earnings Call’ of Bajaj Electricals Limited (“Company”) Dear Sir/Madam, Further to our letters bearing sr. no.- L-1/0105/PG/PD dated July 27, 2026, and L-1/0111/PG/PD dated August 6, 2026, and pursuant to the provisions of Regulation 30 (read with Sub-para 15 of Para A, Part A, Schedule III) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), we are hereby enclosing the Transcript of the ‘Q1FY27 Earnings Call’ i.e., Post Earnings/Quarterly Call, organised by ICICI Securities Limited, on Thursday, August 6, 2026 at 6:15 P.M. (IST), wherein, inter-alia, the Unaudited Financial Results of the Company for the first quarter ended June 30, 2026, were discussed. The transcript is also hosted on the Company’s website at: https://cdn.shopify.com/s/files/1/0881/0849/9244/files/Transcript_of_the_Earnings_Call_for_Q1FY27.pdf?v=178 6533428 . We request you to take the above on record and treat the same as compliance under the applicable provisions of the SEBI Listing Regulations. Thanking you, Yours faithfully, For Bajaj Electricals Limited Prashant Dalvi Chief Compliance Officer & Company Secretary (ICSI Membership No.: A51129) Encl.: as above. Bajaj Electricals Limited | CIN: L31500MH1938PLC009887 Registered Office: Mulla House, 2nd Floor, 51 Mahatma Gandhi Road, Fort, Mumbai 400 001 Tel: 022 6149 7000 | Website: www.bajajelectricals.com | E-mail: legal@bajajelectricals.com “Bajaj Electricals Limited Q1 FY 2027 Earnings Conference Call” August 06, 2026 MANAGEMENT: MR. SHEKHAR BAJAJ – CHAIRMAN MR. SANJAY SACHDEVA – MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER MR. VISHAL CHADHA – CHIEF OPERATING OFFICER (CONSUMER PRODUCTS) MR. RAJESH NAIK – CHIEF OPERATING OFFICER (LIGHTING SOLUTIONS) MS. ASHWEEN ANAND – CHIEF FINANCIAL OFFICER MODERATOR: MR. ANIRUDDHA JOSHI – ICICI SECURITIES LIMITED Internal Bajaj Electricals Limited August 06, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Bajaj Electricals Q1 FY27 Earnings Conference Call hosted by ICICI Securities Limited. As a reminder, all participants' lines will be in listen-only mode and there will be an opportunity for you to ask question after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing “*” then “0” on your touchtone phone. Please note that this conference is being recorded. I now hand over the conference to Mr. Aniruddha Joshi from ICICI Securities Limited. Thank you and over to you, sir. Aniruddha Joshi: Thanks, Pari. On behalf of ICICI Securities, we welcome you all to Q1 FY27 Results Conference Call of Bajaj Electricals Limited. We have with us today Senior Management represented by Mr. Shekhar Bajaj – Chairman, Mr. Sanjay Sachdeva – Managing Director and CEO, Mr. Vishal Chadha – COO (Consumer Products), Mr. Rajesh Naik – COO (Lighting Solutions), and Ms. Ashween Anand – CFO. Now I hand over the call to the management for initial comments on the quarterly performance and then we will open the floor for question-and-answer session. Thanks and over to you, Shekhar sir. Shekhar Bajaj: Thank you. Good evening, ladies and gentlemen. I am Shekhar Bajaj. It is a pleasure to welcome you to our Q1 FY27 Earnings Call. We hope you had an opportunity to review our Financial Results and Earnings Presentation, both of which are now available on the Stock Exchanges. It gives me great pleasure to say that we have started FY27 on an encouraging note. From an industry and macroeconomic perspective, the quarter played out against the backdrop of continued input cost inflation, uneven summer demand across categories and the industry largely seeing calibrated price hikes. Against that environment, our team stayed laser focused on execution, consolidating the channel, driving cost efficiency and strengthening the foundation we built through FY26. The result is visible in our performance this quarter and gives us immense optimism for the road ahead. I am glad to report that this quarter reflects exactly in that direction. We delivered overall revenue growth of 2.3%. However, our EBIT margin improved to 6.6% from 2.5%. I would say that this is a positive step towards implementing our learning through last year's actions. For a company that has stood for 88 years of the Bajaj Group's values, trust, transparency and quiet disciplined execution, I see this quarter as evidence that those values are being reflected in how we run the business today. Internal Bajaj Electricals Limited August 06, 2026 The Board and I remain confident in the direction we have set and excited about the momentum we are building. With that, I would like to hand over to Mr. Sanjay Sachdeva – our MD and CEO, to take you through the operational and financial performance in detail. Sanjay Sachdeva: Thank you, Chairman sir and good evening everyone. Thank you for joining the call this late. I am pleased to walk you through our start to Financial Year '27, which reflects good progress. We have started delivering top-line growth with meaningful margin expansion. As the Chairman mentioned, our overall revenue grew by 2.3% year-on-year in Quarter 1, with consumer products growing at 1.7% after a decline for multiple quarters, and lighting solutions grew at 4.4%. Our EBIT margin improved to 6.6%, a meaningful step up that reflects the operating discipline we have been building over the last several quarters. Consumer products’ return to growth and positive EBIT is a meaningful and positive step for us, especially after the steps we have taken in Financial Year 2026. It gives us more confidence to believe that we are on the right path. For this quarter, consumer products vertical was a story of two halves. While the cooling products contracted, the non-summer products had a meaningful expansion and double-digit growth across categories. Moreover, Morphy Richards also grew double-digit post our acquisition in the last quarter. Our EBIT margin has expanded to 3.9% versus negative 1.7% on a year-to-year basis. This is primarily driven by expansion in our gross margin and efficiency generated on account of operating leverage. We are confident about our trajectory for this business and our focus will be to sustain and improve this momentum. Lighting solutions continue to be the vertical carrying momentum for us. Following a year in which it delivered one of the strongest growth in the industry, a 4.4% growth in this quarter on the top of that stronger base is a credible continuation. The growth was fuelled with double-digit growth in consumer lighting. We remain confident in this business as a structural margin and growth engine, including the new categories we have entered. The 6.6% EBIT margin is very satisfying for us. It reflects that the growth we delivered this quarter was earned through cost discipline, value engineering, and agile pricing, actions that we have taken to offset commodity inflation, even as top-line growth itself remain measured. Our foundation is strong, momentum is building, and opportunities ahead are significant. We are confident in our ability to keep raising the bar by driving innovations, expanding our market shares, strengthening our brands and demand generation to deliver consistent and profitable growth. Internal Bajaj Electricals Limited August 06, 2026 With that, we are now open to take questions. Thank you. Moderator: Thank you very much. We will now begin the question-and-answer session. The first question is from the line of Praveen from PL Capital. Please proceed with your question. Praveen: My fir [Showing first 8,000 characters — download PDF for full document]