Earnings Call Transcript for Q1 Financial performance which held on 10th August,2026

13th August, 2026 To, To, National Stock Exchange of India Ltd, BSE Ltd., Exchange Plaza, C-1, Block-G Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Dalal Street, Fort, Mumbai – 400051 Mumbai – 400001 NSE Code – JGCHEM BSE Code – 544138 Dear Sir(s)/Madam, Sub: Transcript of Earnings Conference Call for Financial Performance for the 1st Quarter ended June 30, 2026 held on Monday, August 10, 2026. Further to our letters dated August 10, 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions of the SEBI Listing Regulations, we are enclosing the transcript of the earnings conference call for the Financial Performance of the 1st Quarter ended June 30, 2026 held on August 10, 2026 at 11.00 Hrs (IST). This information will also be available on the Company’s website at www.jgchem.com. This is for your information and records. Thanking you, Yours faithfully, For J.G.Chemicals Limited Swati Poddar Company Secretary and Compliance Officer “JG Chemicals Limited Q1 FY27 Earnings Conference Call” August 10, 2026 MANAGEMENT: MR. ANIRUDH JHUNJHUNWALA – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – JG CHEMICALS LIMITED MR. ANUJ JHUNJHUNWALA – WHOLE-TIME DIRECTOR AND CHIEF FINANCIAL OFFICER – JG CHEMICALS LIMITED MR. AMIT AGARWAL – GENERAL MANAGER, ACCOUNTS & FINANCE – JG CHEMICALS LIMITED MODERATOR: MR. NAVIN AGARWAL – SKP SECURITIES LIMITED Page 1 of 20 JG Chemicals Limited August 10, 2026 Moderator: Good morning, ladies and gentlemen. Welcome to the JG Chemicals Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the management's opening remarks. 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 will now hand the conference over to Mr. Navin Agrawal, Head, Institutional Equities at SKP Securities Limited. Thank you, and over to you, sir. Navin Agrawal: Good morning, ladies and gentlemen. My apologies for the delayed start, it was on technical grounds. It's my pleasure to welcome you on behalf of JG Chemicals and SKP Securities to this financial results conference call. We have with us Mr. Anirudh Jhunjhunwala, MD and CEO; Mr. Anuj Jhunjhunwala, Whole-Time Director and CFO; Mr. Amit Agarwal, General Manager, Accounts and Finance. We'll have the opening remarks by Mr. Anirudh Jhunjhunwala, followed by a Q&A session. Thank you, and over to you, Mr. Jhunjhunwala. Anirudh Jhunjhunwala: Thank you so much. A very good morning to everyone and a warm welcome to JG Chemicals' earnings call for the first quarter of the financial year 2027. We sincerely appreciate the time all of you have set aside to join us today. However, before I begin, I would like to take a moment to express our deepest condolences on the sad and very untimely demise of Shri Ashok Bhandari-ji, Independent Director of our company, who passed away on 3rd August 2026. Mr. Bhandari was an integral part of the company's leadership and made valuable contributions through his wisdom, experience, and guidance. His passing is an irretrievable loss to the company. On behalf of the Board and the management, I extend our heartfelt condolences and deepest sympathies to the bereaved family. As we begin the new financial year, I am pleased to share that the company has started on a very strong note. JGC delivered its best-ever quarterly performance in Q1 FY27, continuing the strong momentum established in FY26. We witnessed strong demand across our end-user applications with revenue, EBITDA, and PAT each reaching all-time new highs quarterly. This performance reflects disciplined execution and favorable demand conditions, and we are also seeing this momentum continue into the current quarter as we sail through that. Let me take you through the key operational and strategic developments. By way of a brief introduction of our company, JG Chemicals Limited is the largest zinc oxide manufacturer in India and also the country's largest zinc recycler. Globally, we count ourselves amongst the top five zinc oxide producers. Our product today finds application Page 2 of 20 JG Chemicals Limited August 10, 2026 across a wide spectrum of industries including rubber, tire, ceramics, paints, coatings, pharmaceuticals, cosmetics, agriculture, electronics, EVs, and also a wide range of specialty chemical applications. Today, our customer franchise extends to more than 200 domestic customers and over 50 international customers. And we are proud today to supply to every Indian major tire manufacturer and also to 9 out of the top world's 10 global tire companies. Our manufacturing is anchored at our facilities in West Bengal and Andhra Pradesh, which together today command an installed capacity of close to 70,000 metric tons per annum. With the addition of Gujarat project targeted for commissioning in Q3 FY27, and once both phases of the Dahej plant are on stream, our combined zinc chemical capacity will exceed 1,15,000 metric tons per annum, a scale that would position us amongst the top three zinc chemical producers globally. Let me now take you through some other strategic developments of the quarter. As far as product development and R&D is concerned, tailor-made product development remains the cornerstone of our business, with over 90 specialized grades of zinc oxide developed to meet diverse customer requirements. During this quarter, we introduced a new grade, which is called the LabPure zinc oxide, a high-purity grade for analytical reagent application. We also introduced JG-ZRA, a zinc oxide rubber activator designed for specific non-tire customer requirements with strong demand and export potential. We are also at an advanced stage of acquiring a patent for another chemical jointly developed with the premier research institute in India, offering improved processability, superior cure characteristics, and also easy handling. Further strengthening our innovation capabilities, recently the R&D center at our Naidupeta plant was inaugurated, supporting new product development, polymer testing, and enhanced product quality across the rubber, cosmetic, agriculture, and other end-user industries. Coming to sustainability, our Naidupeta facility continues to be a structural differentiator, being the only IATF certified zinc oxide facility and also holding WHO GMP accreditation along with several Pharmacopoeia certifications. Sustainability and circularity remain deeply embedded in our operations, with our recycled zinc-led model well positioned as the tire industry sharpens its focus on green chemicals. Phase 1 of our Naidupeta solar power project is operational, with further ESG initiatives under evaluation. The brownfield expansion at our Naidupeta facility is also progressing well in parallel, and we expect to commission that also in the Q3 of the current financial year. Page 3 of 20 JG Chemicals Limited August 10, 2026 Coming to recycled rubber project, the recycled rubber project has now been branded as JG TUR, which means tire upscaled rubber. The pilot trials have received a very good response from our key customers, and we are working with them to further enhance product development and optimization. In parallel, the company is also working on a detailed commercial plan for the project with capex, capacity, timelines, and revenue potential, which shall be shared at an appropriate time. Coming to the Dahej greenfield capacity expansion in Gujarat, the company is progressing well with its 40,000 plus MTA zinc greenfield chemical facility in Dahej. The civil work is in advanced stages and equipment installation is already underway. With an investment of about INR100 crores, the estimated revenue potential will be INR900 crores. Phase 1 of the zinc oxide production is targete [Showing first 8,000 characters — download PDF for full document]