Analysts/Institutional Investor Meet/Con. Call Updates

August 28, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, Block G, Dalal Street, Mumbai - 400001 Bandra-Kurla Complex, Bandra (E), Mumbai - 400051 Scrip Code: 500135 Trading Symbol: EPL Sub. : Transcript of the Conference Call - EPL Limited (“Company”) Ref. : 1. Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (“SEBI LODR Regulations”) 2. ISIN: INE255A01020 Sir/ Madam, Please find enclosed herewith, the Transcript of the conference call for the Analysts/ Investors, which was held on Tuesday, August 11, 2026 (“said conference call”), to discuss the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended on June 30, 2026 (“said transcript”). The said transcript is also made available on the website of the Company i.e. at https://www.eplglobal.com/investors/shareholder-information/. We request you to note that while the Audio Recording of the said con-call was duly made available on the website of the Company (which was also intimated to the Stock Exchanges), delay in submission of the said transcript is attributable to an inadvertent administrative oversight. The Company has taken necessary steps to ensure that such instances are not repeated in future. This is for your information and records. Thanking you. Yours faithfully, For EPL Limited Onkar Ghangurde Head - Legal, Company Secretary & Compliance Officer ICSI Membership No.: A30636 Encl.: As above “EPL Limited Q1 FY27 Earnings Conference Call” August 11, 2026 MANAGEMENT: MR. HEMANT BAKSHI, MANAGING DIRECTOR AND GLOBAL CHIEF EXECUTIVE OFFICER – EPL LIMITED MR. M. R. RAMASAMY, CHIEF OPERATING OFFICER– EPL LIMITED MR. DEEPAK GOYAL, CHIEF FINANCIAL OFFICER – EPL LIMITED MR. ONKAR GHANGURDE, HEAD - LEGAL, COMPANY SECRETARY AND COMPLIANCE OFFICER – EPL LIMITED MODERATOR: MR. PRATIK OZA, SYSTEMATIX SHARES & STOCKS INDIA LIMITED Page 1 of 13 EPL Limited August 11, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the EPL Limited Q1 FY27 Earnings Conference Call hosted by Systematix Institutional Equities. 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, 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. Pratik Oza from Systematix Institutional Equities. Thank you, and over to you, Mr. Oza. Pratik Oza: Thank you. Good evening, everyone. On behalf of Systematix Institutional Equities, I welcome you all to Q1 FY27 Earnings Conference Call of EPL Limited. Representing the management today, we have Mr. Hemant Bakshi, MD and Global CEO; Mr. M.R. Ramasamy, COO; Mr. Deepak Goyal, CFO; and Mr. Onkar Ghangurde, Head - Legal, CS and Compliance Officer. We sincerely thank the EPL management team for giving us the opportunity to host this call. And without further ado, I will hand the floor over to Mr. Hemant Bakshi sir to commence the proceedings. Over to you, sir. Hemant Bakshi: Thank you, Pratik. Good evening, everyone, and thank you for joining us for EPL Limited Quarter One FY27 Earnings Call. I am delighted to share that EPL has delivered an outstanding quarter in the midst of unparalleled external challenges and a very volatile environment. This amply demonstrates the clarity of our strategy, the resilience of our business model, strength of our customer partnerships and our continued focus on disciplined execution. Revenue for the quarter grew by 25.3%, while EBITDA increased by 15.2% with EBITDA margins at 18.8%. On an underlying basis, excluding the pass-through impact of higher raw material prices, we delivered 20% underlying revenue growth while delivering EBITDA margins of 19.6%. This is a record performance. We have grown our top line faster than any time in the past and held margins despite unprecedented cost inflation. This is the fifth consecutive quarter of double-digit growth. Our growth continued to be broad- based across both categories and geographies. Beauty & Cosmetics maintained its strong growth trajectory with growth exceeding 20%, while Oral Care also crossed the 20% growth mark. Personal Care & Beyond continues to expand and now accounts for 54% of our portfolio, further strengthening our presence in high-growth categories. Regionally, EAP led the quarter with growth of 34.3%, followed by Americas at 29.4%, while Europe and AMESA grew by 20.2% and 17%, respectively, marking another quarter where every region delivered double-digit growth. EBITDA continued its strong momentum, growing by 15.2% and marking our 15th consecutive quarter of double-digit EBITDA growth. We were able to pass on the entire cost increase through judicious pricing across all our regions and customers. Further, our frugal mindset and relentless cost discipline enabled us to continue making growth investments while staying in the target margin range. Page 2 of 13 EPL Limited August 11, 2026 PAT delivery was in line with our estimates and is on track to deliver double-digit growth in the full year. While Q1 PAT declined by 1.4%, our PBT increased by 10%. The difference is because we are lapping a very low base year ETR, and this will get corrected on full year basis. We have made significant proactive growth investment ahead of the curve in the key strategic areas. This is translating in higher growth. While doing so, we have maintained strong capital efficiency and a disciplined capital allocation approach, resulting in return on capital employed at 18.5%. Sustainability and innovation. Innovation remains central to our long-term strategy as we continue to invest in new technologies and differentiated packaging solutions. This commitment was recognized through multiple innovation awards across India and Europe during the quarter, including the ETMA Tube of the Year Award and the FIPSA Awards for Responsible Packaging. We continue to make meaningful progress on our sustainability agenda with sustainable tubes now accounting for 44% of our overall product mix. Our focus on operational excellence and our people was also recognized through the prestigious IMC Ramkrishna Bajaj National Quality Award for Performance Excellence and our recognition as one of India's Best Company to Work For 2026. Looking ahead, let me first provide an update on our proposed merger with Indovida. During the quarter, we received approval from the Competition Commission of India and the transaction continues to progress well. We remain on track to complete it within our planned timeline and are excited about the opportunities this partnership will create for our customers, employees and shareholders. As we look ahead, while the geopolitical environment and trade dynamics continue to evolve, our priorities remain clear. First, to further strengthen our leadership in Beauty & Cosmetics, we continue to see immense long-term opportunity in the category, supported by a strong pipeline across customers and markets. Our continued investment in innovation, differentiated packaging solutions, front-end specialization and new technologies provides us with a strong platform to capture this opportunity and sustain our growth momentum. Second, to accelerate our presence in high-growth markets. Thailand continues to make excellent progress, supported by a strong customer pipeline and recent wins with multinational customers. We will continue investment behind these opportunities while actively expanding our presence across other attractive growth markets to strengthen our global footprint. Third, to remain relentless on margins and capital efficiency. In an increasingly dynamic global environment, maintaining financial discipline is more important than ever. We remain focused on driv [Showing first 8,000 characters — download PDF for full document]