Transcript of Earning call held on Wednesday, August 12, 2026 for analyst / Investors to discuss the Unaudited Financial Results for the quarter ended June 30, 2026

August 14, 2026 BSE Limited N a t ional Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra – Kurla Complex, Dalal Street, Mumbai – 400 023 Bandra (E), Mumbai – 400 051 BSE Code: 532926 Scrip Code: JYOTHYLAB Dear Sir / Madam, Sub: Transcript of the earnings conference call for the quarter ended June 30, 2026 Pursuant to Regulation 30(6) read with Part A of Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, transcript of the earnings conference call held on Wednesday, August 12, 2026 for analyst/ investors to discuss the Un- audited Financial Results for the quarter ended June 30, 2026 and the way forward, is enclosed. Further, the aforesaid information is also available on the website of the Company at www.jyothylabs.com. Kindly take the above on your record and disseminate the same for the information of investors. Thanking you, Yours faithfully, For Jyothy Labs Limited Shreyas Trivedi Head – Legal & Company Secretary Encl.: as above Jyothy Labs Limited CIN: L24240MH1992PLC128651 ‘Ujala House’, Ramkrishna Mandir Road, Kondivita, Andheri (East), Mumbai 400059. Tel: +91 022-6689 2800 | Fax: +91 022-6689 2805 info@jyothy.com | www.jyothylabs.com “Jyothy Labs Limited Q1 FY27 Earnings Conference Call” August 12, 2026 MANAGEMENT: MS. M. R JYOTHY – CHAIRPERSON AND MANAGING DIRECTOR – JYOTHY LABS LIMITED MR. PAWAN AGARWAL – CHIEF FINANCIAL OFFICER – JYOTHY LABS LIMITED MODERATOR: MR. ANIKET KAMBLE – ICICI SECURITIES Page 1 of 14 Jyothy Labs Limited August 12, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Jyothy Labs Q1 FY27 Earnings Conference Call hosted by ICICI Securities. 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. Aniket Kamble from ICICI Securities. Thank you, and over to you, sir. Aniket Kamble Thank you, Yousuf. Hi. It's an absolute pleasure from ICICI Securities to host the Q1 FY27 earnings call for Jyothy Labs. From the management, we have Ms. Jyothy, Chairperson and Managing Director; and Mr. Pawan Agarwal, CFO. I now hand over the call to Jyothy ma'am for her opening remarks. Thank you, and over to you, ma'am. M. R. Jyothy: Good afternoon, everyone, and a warm welcome to the Q1 FY27 earnings of Jyothy Labs Limited. Our financial results and investor presentation are available on our website and the stock exchanges. I trust you have had the opportunity to review them. Let me begin with the broader operating environment. Rural demand stayed relatively resilient, while urban markets after showing signs of recovery in the second half of FY26 remained subdued during the quarter. Higher household expenses, continued pressure on discretionary spends, and cautious consumer sentiment affected urban consumption. Across the sector, companies are balancing commodity inflation through calibrated pricing, premiumization, innovation, mix improvement, and sharper pack price architecture, while protecting consumer affordability. We are, therefore, cautiously optimistic on the demand with growth expected to be driven by a balanced combination of volume expansion, selective pricing, premiumization and new product scale - up rather than the price increases alone. During the quarter, crude oil and crude-linked derivatives remained highly volatile. The West Asia conflict kept global energy markets unsettled. This affected input costs, packaging materials, and the supply - chain planning. While the recent moderation in crude prices is encouraging, we remain watchful of geopolitical developments and their lagged impact on cost and margins. Our immediate priority was to ensure continuity in production, supply and sales, and we largely achieved that objective. However, the price increases taken towards the end of March and in April were not sufficient to offset the unusually high raw material and packing cost inflation. In addition, the company did not have any material benefit of lower-priced older inventory in the With a large part of our business coming from Fabric Care and Home Care, where crude-linked inputs play an important role, margins were significantly impacted during the quarter. In our assessment, raw material and packaging costs are unlikely to correct immediately even if crude prices remain moderate, as higher cost purchases and contracted inventories will continue to flow through Q2. Page 2 of 14 Jyothy Labs Limited August 12, 2026 Any benefit from lower crude-linked inputs is likely to be visible only gradually and more meaningfully from October, provided commodity prices remain stable. Margin recovery is therefore expected to be progressive and closely linked to top line growth. That said, we believe the current margin pressure is largely transitory and near-term in nature. As commodity prices stabilize and volumes improve, operating leverage should support margin recovery over the coming quarters. For FY27, excluding the Pril business, we expect double-digit revenue growth. EBITDA margins are likely to remain under pressure during the year due to elevated crude-linked input costs, though H2 should be substantially better than H1, subject to demand momentum and commodity price stability. We are focused on cost optimization, supply chain efficiencies, procurement excellence, value engineering, and selective pricing actions to restore profitability without compromising competitiveness or market share. On channels, GT growth was muted largely due to lower urban demand. However, all other channels put together delivered impressive growth. Modern trade, e-commerce and quick commerce continued their strong momentum and remain among our fastest-growing channels. A&P spends has been moderated over the past few quarters due to input cost inflation. Going forward, we intend to step-up investments in advertising and brand building to support long-term sustainable growth. From Q1 FY27, we have aligned our segment reporting with the way management reviews the business and allocates resources in accordance with the Ind AS 108. We will now report performance under 3 segments, which is Fabric Care, Home Care, and Personal Care. Fabric Care will continue to be reported separately given its scale and strategic importance. Home Care brings together our key in-home consumption categories, while Personal Care reflects the growth opportunity in that portfolio. We believe this revised structure gives investors a clearer and more meaningful view of how we manage the business, allocate capital, drive innovation and pursue long-term growth. Comparative numbers have been restated for consistency. Fabric Care maintained its strong momentum, delivering over 14% value growth and 10% volume growth during the quarter. Detergent powders and bar grew in double digits, while liquid detergents continued their high-growth journey across Henko, Ujala, Mr. White, and Morelight. Home Care grew by 2.4% year-on-year, excluding Pril sales. Within Home Care, the Dishwash portfolio was impacted by the Pril exit effective 31st May 2026. However, the newly launched bioenzyme-based Exo Liquid has made encouraging progress despite being at an early stage of scale-up and channel expansion. The broader Exo franchise includes bars, powders, liquids, and scrubbers grew in mid- to high single-digits in value terms and double digit in volume terms. In household insecticides, the extended summer and delayed rainfall affected category performance in Q1. Page 3 of 14 Jyothy Labs Limited August 12, 2026 We have launched the Maxo incense sticks in July, to address the growing concern around unsafe and unapproved local agarbathies. Maxo incense sticks is a safe and effective [Showing first 8,000 characters — download PDF for full document]