The Transcript of Earning Call for the Financial of the quarter ended 30th June 2026 attached herewith.

Ref: GSL/CS/Q2/2026-27 Date: 13.08.2026 BSE Limited National Stock Exchange Limited Department of Corporate Services, Exchange Plaza, 5th Floor, Pheroze Jeejeebhoy Towers, Plot No. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Mumbai – 400001 Mumbai – 400051 Script code: 544140 Symbol: GOPAL Sub: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 –Transcript of Earning Conference Call – Q1 UFR FY27 Dear Sir / Madam, In continuation of our letter dated 03.08.2026 for Analyst / Investor Earning Conference Call and in pursuant to Regulation 30 and 46 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, enclosed herewith the transcript of the Earning Conference Call with the Investors and Analysts held on Monday 10th August 2026 at 03:00 PM (IST) to discuss the operations and financial performance for the quarter ended on 30th June 2026. The transcript of the Earning Conference Call will be available on the website of the Company at: www.gopalnamkeen.com Kindly acknowledge and take on your record. Thanking You. Yours Faithfully, For, GOPAL SNACKS LIMITED CS Mayur Gangani Head – Legal & Compliance cum Company Secretary Membership No. F9980 Encls: a/a “Gopal Snacks Limited Q1 FY27 Earnings Conference Call” August 10, 2026 MANAGEMENT: MR. NAVEEN GUPTA – CHIEF BUSINESS OFFICER MR. RIGAN RAITHATHA – CHIEF FINANCIAL OFFICER MODERATOR: MR. SANJAY MANYAL – DAM CAPITAL ADVISORS LIMITED Moderator: Ladies and gentlemen, good day and welcome to Gopal Snacks Q1 FY27 Earnings Conference Call hosted by DAM Capital Advisors Limited. Page 1 of 16 Gopal Snacks Limited August 10, 2026 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 hand the conference over to Mr. Sanjay Manyal from DAM Capital Advisors Limited. Thank you and over to you, sir. Sanjay Manyal: Thank you. Good afternoon, everyone. We would like to thank the management of Gopal Snacks for providing DAM Capital with the opportunity to host Q1 FY27 Conference Call. We have with us today, Mr. Naveen Gupta, Chief Business Officer, and Mr. Rigan Raithatha, Chief Financial Officer. I hand over the call to the management for opening remarks. Over to you, sir. Naveen Gupta: Thank you, Sanjay. Good afternoon and thank you for joining us for the earnings call. We hope you all had a chance to go through our investor presentation uploaded on the Stock Exchange. We'll share our key operating and financial highlights for the quarter ended June 30th, 2026. Q1 marked as an important quarter for Gopal Snacks as we continue to strengthen our manufacturing network and build on recovery achieved over the past year. The successful recommencement of operations at our Rajkot main facility together with continued contributions from our Modasa and Nagpur plant has further enhanced our manufacturing capability, improved supply chain efficiencies, and strengthened our ability to meet growing consumer demand across our key markets. We delivered highest-ever quarterly revenue from the operations of INR 422.3 crores during the quarter, reflecting a growth of 31.1% year-on-year and 3.1% sequentially. The quarter was supported by disciplined execution across operations, improved product availability, and sustained demand across our product portfolio. Demand remained encouraging across our key product categories during the quarter. Our core categories continue to perform well, while the contribution from newer markets also increased, reflecting the gradual expansion of our geographical footprint. With Rajkot now operational, we are now better positioned to improve service levels, enhance product availability, and support future growth across both existing and emerging markets. The recommencement of the Rajkot main facility also marks the completion of an important phase in our operational recovery. With production now consolidated from Gondal to Rajkot, we expect further improvement in manufacturing efficiency through lower logistics, power, and operating costs. Together with our Modasa and Nagpur facilities, our manufacturing network is now better aligned to support long-term growth while ensuring greater flexibility across our operations. Our focus on strengthening the distribution network also continued during the quarter. We expanded our distributor base to over 1,000 distributors while continuing to deepen our presence across Page 2 of 16 Gopal Snacks Limited August 10, 2026 core and focus markets, resulting to deliver sequential revenue growth for five consecutive quarters now. At the same time, our distribution management system continues to improve inventory planning, order fulfilment, and supply chain visibility, helping us respond more efficiently to market demand. Alongside distribution expansion, we continue to invest in building our brand through a mix of digital and on-ground initiatives. Campaigns across OTT platforms, outdoor advertising, vehicle branding, and retail visibility programs have helped strengthen consumer engagement and improve brand recall across our key markets. Looking ahead, our priorities remain unchanged. We'll continue to focus on improving manufacturing efficiency, expanding distribution reach, and strengthening our brands while maintaining disciplined execution across the business. With our manufacturing network now fully operational and a stronger distribution platform in place, we believe we are well positioned to build on current momentum, increase our presence across existing and new markets, and deliver sustainable long-term growth. I would now like to invite our Chief Financial Officer, Mr. Rigan Raithatha, to share his perspective on financial performance during the quarter. Thank you. Rigan Raithatha: Thank you, Naveen bhai. Good afternoon, everyone. Let me now take you through the key financial highlights for the quarter ended 30th June 2026. As we reflect on the first quarter of FY27, I am pleased to share that the company has delivered a strong start to the year, supported by improved manufacturing capabilities, disciplined cost management, and continued operational execution. During the quarter, we reported highest-ever quarterly revenue from operation of INR 422 crores, representing 31% year-on-year and 3% sequential growth. Gross profit increased to INR 114 crores, with gross margin remaining healthy at 27%. Despite challenging quarter in terms of significant increase in raw material prices, we were able to maintain a healthy margins through the grammage reduction, better product mix, increase in the prices, and improved manufacturing efficiency. EBITDA for the quarter stood at INR 31.5 crores, more than doubling over the corresponding quarter of the previous year, with EBITDA margin improving to 7.4% as compared to 4.7% in Q1 FY26. The improvement in operating profitability was primarily driven by higher sales volume, better capacity utilization, followed by the recommencement of the Rajkot main facility, which continue to remain focus on controlling operating costs. Profit before tax increased to INR 18.6 crores as compared to INR 5.3 crores in the corresponding quarter of the last year, reflecting the improvement in the operating performance. As there is no exceptional items during the quarter, the PAT after tax stood at INR 12.8 crores. Page 3 of 16 Gopal Snacks Limited August 10, 2026 The previous quarter included an exceptional gain relating to insurance claim, and therefore sequentially it is not directly comparable. From the operational standpoint, the recommencement of Rajkot main manufacturing facility and the consolidation of production f [Showing first 8,000 characters — download PDF for full document]