Analysts/Institutional Investor Meet/Con. Call Updates

Ref No.: ICIL/34/2026-27 20th August, 2026 National Stock Exchange of India Ltd. BSE Limited Listing Department Department of Corporate Services Exchange Plaza, Floor 25, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Company Symbol: ICIL Scrip Code No: 521016 Subject: Transcript of the Investors’ Conference Call held on 13th August, 2026 for Q1 FY27 Results Dear Sir/Madam, In continuation to our earlier intimation dated 13th August, 2026 regarding audio recording of the Investors’ Conference Call and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcript of Investors’ Conference Call held on 13th August, 2026 at 11:00 a.m. (IST) for Q1 FY27 Results. The transcript is also available on Company’s website at: https://www.indocount.com/images/investor/Transcript-of-Q1-FY27-Investors%E2%80%99- Conference-Call-held-on-August-13-2026.pdf You are requested to kindly take note of the same. Thanking you, Yours faithfully, For Indo Count Industries Limited Satnam Saini Company Secretary & Sr. GM- Legal Encl.: A/a “Indo Count Industries Limited Q1 FY27 Earnings Conference Call” August 13, 2026 “E&OE - This transcript is edited for factual errors and readability. In case of discrepancy, the audio recordings uploaded on the stock exchange on 13th August, 2026 will prevail. Further, no unpublished price sensitive information was shared/discussed in the call” MANAGEMENT: MR. MOHIT JAIN – EXECUTIVE VICE CHAIRMAN – INDO COUNT INDUSTRIES LIMITED MR. K. MURALIDHARAN – GROUP CHIEF FINANCIAL OFFICER – INDO COUNT INDUSTRIES LIMITED MR. MANISH BHATIA – CHIEF FINANCIAL OFFICER – INDO COUNT INDUSTRIES LIMITED STRATEGIC GROWTH ADVISORS – INVESTOR RELATIONS ADVISOR – INDO COUNT INDUSTRIES LIMITED Page 1 of 13 Indo Count Industries Limited August 13, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Indo Count Industries Limited Q1 FY27 Earnings Conference Call. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. 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 now hand over the conference over to Mr. Mohit Jain, Executive Vice Chairman. Thank you, and over to you, sir. Mohit Jain: Good morning, and a very warm welcome to all of you joining us for the Indo Count Industries Limited Q1 FY27 Earnings Call. I'm also joined by Group CFO, Mr. K. Muralidharan; Manish Bhatia, our CFO; and Strategic Growth Advisors, our Investor Relations advisors. We hope you had the chance to review the financial results and investor presentation available on the stock exchange and on our company website. Before I begin with the business update, I would like to take a moment to pay a tribute to late Mr. Kailash Lalpuria, who is an integral part of Indo Count and a highly respected leader in the textile industry. For more than a decade, Mr. Lalpuria played a pivotal role in shaping the strategic direction and growth of Indo Count. He was instrumental in making several important strategic choices that has helped in building Indo Count into a strong institution. I now come to the business update. Q1 FY27 marks a strong start to the year, achieving several important milestones. We delivered our highest ever quarterly revenue, reflecting the growing scale and momentum across our businesses. A particularly encouraging development has been the rapid scale-up of our new business, which has nearly tripled over the past one year. This demonstrates the strength of our diversification strategy and gives us increasing confidence in its contribution to our growth going forward. Importantly, our EBITDA margin is on a recovery trajectory, supported by improving operating leverage and better volumes across the business. While there are still some cost pressures as we scale, the underlying operating performance continues to strengthen. Our performance for Q1 is in line with our stated guidance for the year of INR5,500 crores with approximately 13% EBITDA margins. Our U.S. manufacturing operations also continue to perform well. Overall, utilization has remained around 60% to 65% despite the recent addition of our greenfield facility in North Carolina in January 2026. The ability to maintain these utilization levels while absorbing significant new capacity is a strong indicator of our capabilities. Overall, we believe these developments provide a strong foundation for sustained growth and improved profitability through FY27 and beyond. Page 2 of 13 Indo Count Industries Limited August 13, 2026 Before I move to further details, I would like to highlight a couple of important developments that reinforce our confidence in the opportunity ahead. We recently participated in Bharat Tex 2026, India's largest textile trade fair and received an encouraging response from both global and domestic customers across our product portfolio. We engage with distributors, direct retailers, LFS partners, corporate gifting and hospitality buyers. Another important milestone has been our continued progress on sustainability. Sustainable and responsible growth remains firmly embedded in our strategy with a strong focus on energy efficiency, responsible sourcing and integrating ESG principles across our operations. These efforts have been recognized through three prestigious awards by the Confederation of Indian Textile Industry during Bharat Tex 2026. These recognitions reinforce our commitment to building a business that delivers growth while creating long-term value responsibly. On a long-term basis, India is firmly emerging as a preferred global sourcing partner with a strong track record in quality, innovation and delivery. The FTAs with the U.K. and EU, along with positive progress on the U.S. trade deal are creating a more favorable and level playing field for Indian textile exporters and are expected to accelerate the shift in global sourcing towards India. Let me talk about core business performance now. Our core business was impacted by the U.S. tariff situation last year. We are now seeing early signs of recovery. Q1 FY27 volumes stood at 23 million meters compared to 20.5 million meters in Q4 FY26, representing a 12% sequential growth. Volume throughput was impacted by container availability constraints arising from the West Asia conflict. With the external environment stabilizing, we expect this momentum to strengthen through the year. Q1 volume should not be viewed as a benchmark for the full year as Q1 is typically a softer quarter for us, while Q2, Q3 are stronger, driven by the U.S. festive period. Core business revenue stood at INR837 crores in Q1 FY27, up 4% sequentially. The change in product mix impacted quarterly realizations. However, the underlying volume trajectory remains steady and EBITDA margins improved. It is also important to highlight that quarterly realizations can fluctuate depending on the product mix. On a full year basis, however, we expect realizations to remain broadly intact. We remain confident of delivering our FY27 volume guidance of 105 million to 110 million meters and core business revenue of approximately INR4,000 crores. Non-U.S. core business. Our non-U.S. core business contributed to approximately 30% during the quarter. The U.K. FTA restores a level playing field for Indian exporters, while the expected EU FTA will further open a large market on duty-free terms. Together with [Showing first 8,000 characters — download PDF for full document]