Analysts/Institutional Investor Meet/Con. Call Updates

Ref: KRBL/SE/2026-27/34 August 21, 2026 The General Manager National Stock Exchange of India Department of Corporate Services Limited BSE Limited “Exchange Plaza”, C-1, Block-G Floor 25, Phiroze Jeejeebhoy Towers Bandra-Kurla Complex Dalal Street, Mumbai – 400 001 Bandra (E), Mumbai-400051 Scrip Code: 530813 Symbol: KRBL ISIN: INE001B01026 Sub: Transcript of the Earnings Conference Call held on Monday, August 17, 2026 on Unaudited Financial Results of KRBL Limited for the first quarter (Q1) ended June 30, 2026. Dear Sir/Madam, Pursuant to the provisions of Regulation 30 read with Para A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Transcript of the Earnings Conference Call of KRBL Limited held on Monday, August 17, 2026 at 12:00 Noon (IST) onwards on the Unaudited Financial Results for the first quarter (Q1) ended June 30, 2026. The above information will also be available on the Company's website at www.krblrice.com under the head ‘Investor Relations’. You are requested to kindly take the same on record. Thanking you, Yours Faithfully, For KRBL Limited Shubham Kandhway Company Secretary & Compliance Officer M. No. – F10757 “KRBL Limited Q1 FY27 Earnings Conference Call” August 17, 2026 MANAGEMENT: MR. ANIL KUMAR MITTAL – CHAIRMAN AND MANAGING DIRECTOR – KRBL LIMITED MR. ANOOP KUMAR GUPTA – JOINT MANAGING DIRECTOR – KRBL LIMITED MR. AYUSH GUPTA -- HEAD-INDIA BUSINESS – KRBL LIMITED MR. ASHISH JAIN – CHIEF FINANCIAL OFFICER – KRBL LIMITED Page 1 of 18 KRBL Limited August 17, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the KRBL 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. Ashish Jain, Chief Financial Officer of KRBL Limited. Thank you, and over to you, sir. Ashish Jain: Good morning, and thank you for joining us. Welcome to the Q1 FY27 earnings Conference Call for analysts and investors of KRBL Limited. Today, we have Mr. Anil Kumar Mittal, Chairman and Managing Director; Mr. Anoop Kumar Gupta, Joint Managing Director; and Mr. Ayush Gupta, Head of the India Business as key speakers on the call. To begin the call, Mr. Anil Kumar Mittal will share updates on the business industry and our overall strategy. Following that, Ayush will provide insights into the performance and outlook of our domestic business. Finally, I will present the financial overview of the company for the first quarter ended June 30, 26. Once the management has concluded their opening remarks, we will open the floor for an interactive Q&A session. Please note that some of the statements made during this call may contain forward-looking information, and actual results may differ from these statements. You can refer to KRBL's investor presentation available on the stock exchange website and our company's website. Now I would like to invite Anil-ji to share his views. The floor is yours. Anil Kumar Mittal: Good afternoon, everyone. Thank you for joining us today for KRBL's Q1 FY 2027 earnings call. I sincerely appreciate your continued trust and confidence in the Company. This has been an unusual quarter for our industry, and I want to give you a full picture of it. I will take you through a global rice balance, India's production and export outlook. The final outcome of the 2025 Basmati crop in India and in Pakistan, how prices have moved over the last quarter and up to date and the effect of the West Asia conflict on trade and logistics. Let me begin with global rice outlook. As per the USDA latest estimates released on 12 August 2026, global rice production in '26, '27 marketing year is expected to decline to approximately 537 million metric ton against about 546 million metric tons in the marketing, year now ending. Page 2 of 18 KRBL Limited August 17, 2026 At the same time, global consumption is expected to rise to approximately 543 million metric tons from about 539 million metric tons. The bulk of the increased funds from India where domestic consumption alone is projected to grow by around 3.5 million metric tons with production falling and consumption rising, global ending stocks are expected to draw down from record levels. This is a meaningfully tighter world balance sheet than the market was pricing at the start of the calendar year, and it should keep the rice market firm rather than soft. Against the tighter balance, India's position is unchanged. India continues to command close to 40% of global rice rate and despite lower domestic production USDA forecast India's rice exports to approximately 25 million metric ton in '26, '27, about 1 million tons higher than the previous year. USDA projects, India's rice production in the coming marketing year at approximately 150 million metric tons against about 154 million last year. India will comfortably remain the world's largest rice producer. Domestic consumption is projected to rise from around 124.5 million metric tons to nearly 128 million metric tons. Government rice stocks remains very substantial as close to 3x the buffer norms as at 1st April 2026. Variable everyone is watching is the monsoon as of 5th August cumulative rainfall was running about 11% below the long period average. And IMD has revised its seasonal forecast down to approximately 90% of normal with below-normal rainfall expected in both August and September. The Northwest, which is our basmati belt is amongst the deficient region with Punjab, Haryana and Western Uttar Pradesh all running well below normal through June and July. Reservoir shortage nationally was about 27% below last year in early August. And all-India paddy acreage as on 7th August was around 4% lower over the last year. What this means, the basmati belt is largely canal and tube well irrigated. So in our growing regions, a rainfall deficit shows a first as high pumping and input costs rather than as lost acreage. Nationally, though paddy areas has fallen more than kharif average and the deficit of the magnitude carries real yield risk for a longer duration varieties harvested in October and November. What I would say is that the deficient monsoon on top of an already depleted pipeline are used for firm not soft credit prices into the new crop. Let me now turn to Basmati crop. The 2025 crop has fully played out and we have complete visibility. It was in the hand a difficult crop acreage going into the season was healthy across Punjab, Haryana and Western Uttar Pradesh, Rajasthan and parts of Madhya Pradesh and adoption of newer pest-resistant Pusa varieties continued to improve. Page 3 of 18 KRBL Limited August 17, 2026 But the flood in Punjab in late August and early September 2025 destroyed the crop outright on approximately 2 lakhs hectares of cultivable land, on which around 60,000 acre was basmati. Assessments put the decline in Punjab basmati output at 20% to 25% and mandi arrival in the worst affected district ran about a quarter below the previous year. Quality was the second issue. Some mild and partially effective floods carried higher moisture, greater discolouration and lower milling recovery, while unaffected belts, Rajasthan, Western Uttar Pradesh and parts of Madhya Pradesh delivered good grain length and aroma. The result was a crop that was not merely smaller but sharply segmented, with a wide spread between genuine export-grade material and everything else. Quality segregation mattered more this season than in many years, and this is precisely where a company with our sourcing network and our ageing discipline earns its position. The consequences were visible in price right through the year. Bas [Showing first 8,000 characters — download PDF for full document]