Please find enclosed herewith transcript of Earnings Conference call of the Company held on 7th August, 2026 to discuss Q1 FY 27 results.

MBFSL/CS/2026-27 13th August, 2026 To, To, Department of Corporate Relations, National Stock Exchange of India Ltd, BSE Limited, Exchange Plaza, C- 1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400001 Mumbai– 400051 Scrip Code: 543253 Scrip Symbol: BECTORFOOD Dear Sir/Madam, SUBJECT: TRANSCRIPT OF EARNINGS CONFERENCE CALL – Q1 FY27 UNDER THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS), REGULATIONS 2015 Pursuant to the provisions of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith transcript of the earnings conference call of the Company held on 7th August, 2026 to discuss Q1 FY27 results. We Request you to kindly take the same on record. Thanking You, Yours faithfully, For Mrs. Bectors Food Specialities Limited Atul Sud Company Secretary and Compliance Officer M.No. F10412 Encl. as above “Mrs. Bectors Food Specialities Limited Q1 FY27 Earnings Conference Call” August 07, 2026 MANAGEMENT: MR. ANOOP BECTOR – MANAGING DIRECTOR AND PROMOTER – MRS. BECTORS FOOD SPECIALITIES LIMITED MR. MANU TALWAR – CHIEF EXECUTIVE OFFICER – MRS. BECTORS FOOD SPECIALITIES LIMITED MR. ISHAAN BECTOR – WHOLE-TIME DIRECTOR – MRS. BECTORS FOOD SPECIALITIES LIMITED MR. SUVIR BECTOR – WHOLE-TIME DIRECTOR – MRS. BECTORS FOOD SPECIALITIES LIMITED MR. PARVEEN KUMAR GOEL – WHOLE-TIME DIRECTOR – MRS. BECTORS FOOD SPECIALITIES LIMITED MR. ANSHUL RASTOGI – CHIEF FINANCIAL OFFICER – MRS. BECTORS FOOD SPECIALITIES LIMITED MUFG INTIME – INVESTOR RELATIONS ADVISOR Page 1 of 18 Mrs. Bectors Food Specialities Limited August 07, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Mrs. Bectors Food Specialities Limited Q1 FY27 Earnings Conference Call. 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 this conference call, 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. Anoop Bector, Managing Director and Promoter. Thank you, and over to you, sir. Anoop Bector: Thank you so much, and good evening, everyone. On behalf of Mrs. Bector Food Specialities Limited, I extend a very warm welcome to all participants on our quarter 1 financial year 2027 earnings call. Joining me on the call today are Mr. Manu Talwar, our Chief Executive Officer; Mr. Ishaan Bector, Whole-Time Director; Mr. Suvir Bector, Whole-Time Director; and Mr. Parveen Kumar Goel, Whole-Time Director. I would also like to take a moment to welcome Mr. Anshul Rastogi, who joins us as our Chief Financial Officer. He brings with him extensive experience in finance leadership roles at multinational consumer companies. We also have with us our Investor Relations Advisors from MUFG Intime. I hope everyone has had an opportunity to review our investor deck and press release, which has been uploaded on the Stock Exchanges as well as on our company website. FY26 was the year in which we crossed the INR2,000 crores revenue mark. Quarter 1 of the financial year 2027 is, in many ways, the first test of whether the foundations we've built over the last few years can carry us at a faster pace. And we are pleased with how the quarter has turned out. The company reported revenue from operations of INR548.7 crores, a growth of 16% year-on- year and 12.9% over the preceding quarter. Importantly, the growth was accompanied by margin expansion. EBITDA at INR72.1 crores grew 23.8% year-on-year with the EBITDA margin at 13.1%, an improvement of 80 basis points over quarter 1 of financial year 2026. On a 24-month view, revenue is up 25%, delivering both growth and margin in a quarter that carried the full weight of inflation and the West Asia disruption is, we believe, the more meaningful takeaway of this performance. On the demand side, consumption trends have held up better than we had feared at the time of our last call. Domestic demand remained healthy across both retail and institutional channels, and our export order book strengthened materially despite vessel availability yet to normalize fully after the disruption in this quarter. Barring a further escalation in the West Asia conflict or a sharper turn in food inflation, we remain optimistic on both businesses, underpinned by stable consumption, a continued focus on premiumization and a sustained investment in brand building. Our Biscuit business reported a revenue of INR325 crores, registering a growth of 15.7% year- on-year and 19% growth compared to Q1 FY25. Our Bakery business continued its strong growth momentum, delivering revenues of INR215 crores, up 17.5% year-on-year and 40% higher than Q1 FY25. The launch of Naturbaked reflects our commitment to addressing Page 2 of 18 Mrs. Bectors Food Specialities Limited August 07, 2026 emerging consumer trends around healthy and clean label proposition. With our focused efforts, Naturbaked has crossed a monthly revenue rate of INR1 crore. Our innovation pipeline continues to strengthen the portfolio with premium value-added offerings that enhance consumer engagement, improve mix, and support long-term profitable growth. On the marketing front, we stepped up our brand investments in a deliberate way, and this will continue to be an area of committed investment as we build long-term brand equity for Cremica and English Oven. Quick commerce continues to be of strategic significance for us and grew 58% year-on-year. Our Kolkata bakery unit commissioned in quarter 4 of financial year 2026 is now servicing East markets, and the market has responded encouragingly. Khopoli plant in Maharashtra was commissioned in March 2026 and facility is stabilizing well and is expected to scale towards full capacities over coming quarters, strengthening our West footprint. Mumbai remains a high focus market for English Oven, where we intend to lead with a high- quality premium product offering. On the international business, quarter 1 marked a defensive recovery even as the shipping environment remained difficult. Vessel availability has not yet normalized and freight and logistic costs have risen further. Despite this, our export business delivered healthy high-double-digit growth. Importantly, the U.S. market is back on a growth trajectory for us. And we have backed this recovery with new product launches, including peanut butter, where we are confident of a strong ramp-up in the quarters ahead. The company has steadily strengthened its international business through disciplined calibrated expansion in the last few years with a focused approach on markets that offer structural profitability and high growth potential, and this quarter is a validation of that approach. Before I turn to numbers, let me spend a moment on the operating environment. India's growth story remains resilient, but the benign inflation of the early part of the last year has clearly reversed. Headline consumer inflation has climbed steadily through the year to around 4.4% in June 2026. And the input cost inflation has been defining feature of the quarter for us. The West Asia conflict has been an important contributor, though not the only one and the pressure reached us on 3 fronts: inflation in raw material and packaging materials; escalation in fuel cost; and the consequent impact of the minimum wage hike. Against this, the mitigation measures we had initiated on a war footing, calibrated price increases and our institutionalized cost optimization mindset under Project IMPACT. In other words, the quarter's inflation was very substantially neutralized, leaving only a marginal residual impact. This is the discipline we intend to carry through the balance of the year, and we expect recovery to be progressively exceed the impact as the prices increase a [Showing first 8,000 characters — download PDF for full document]