DEEPA

Management Guidance & Outlook - Revenue CAGR targeted between 40%-45% for FY27, FY28, and FY29. - EBITDA margins projected to expand by 80 to 120 bps over the next 4 to 6 quarters. - Studded jewellery share aimed to increase from 57% to ~75% over the next 3-4 quarters. - Working capital cycle (inventory plus receivable days) expected to stay within 55-65 days. Growth Drivers & Expansion - Geographical penetration into Tier-2/3 towns via new sales offices in Chennai (Dec 2026) and Bangalore (April-May 2027). - Rapid store expansion by key corporate retail clients (Kalyan, Joyalukkas, Lalitha, Bhima) driving volume replenishment. - Rapid growth in the higher-margin, zero-metal-risk job work segment. Operational & Capacity Updates - Hyderabad manufacturing facility (1.5–2.5 tonnes annual capacity) operational; targeting long-term 65% in-house manufacturing mix. - 94% of gold holding currently hedged; targeting near 100% over the next 2-3 quarters. - Promoters/Executive Directors voluntarily forego salary for at least 10 quarters starting Q3 FY27 to support profitability.

- Deepa Jewellers submitted the audio recording link for its Earnings Conference Call held on October 27, 2026, at 4:00 PM IST. - The call pertained to the un-audited financial results for the quarter and half-year ended September 30, 2026.

- Q2 FY27 Revenue from operations grew 24.6% YoY to ₹6,256 Mn; PAT jumped 37.1% YoY to ₹373 Mn. - Commenced operations at new in-house manufacturing facility in Hyderabad. - H2 FY27 performance expected to strengthen due to shifted festive demand and deployment of fresh issue proceeds.

- Board approved Unaudited Standalone Financial Results for the quarter and half-year ended September 30, 2026. - Company has no subsidiaries or joint ventures; consolidated results are not applicable. - Out of ₹2,500M IPO fresh issue proceeds, ₹1,537.80M has been utilized and ₹962.20M remains unutilized.

Concall Schedule Concall Date: Tuesday, October 27, 2026 Concall Time: 04:00 P.M. IST

- Clarification submitted regarding significant share price movement queried by BSE and NSE on October 12, 2026. - Company confirmed all material information has been promptly disclosed under Regulation 30. - Stated price movement is purely market-driven, and management is not connected with it.

- Q1 FY27 Revenue from Operations stood at ₹4,311 Mn with an EBITDA margin of 8.98%. - Delivered 28% Revenue CAGR and 68% PAT CAGR over the past 3 years. - Setting up a 6,696 sq. ft. in-house manufacturing facility in Hyderabad to lower costs and expand margins.

- Trading window for dealing in securities of the company will be closed from October 1, 2026. - Closure will remain in effect until 48 hours after the declaration of financial results for the quarter and half-year ended September 30, 2026.

Q1 FY27 Standalone Revenue ₹431.11Cr vs ₹310.06Cr (▲39% YoY) EBITDA ₹38.68Cr vs ₹28.86Cr (▲34% YoY) PAT ₹26.76Cr vs ₹21.07Cr (▲27% YoY) EBITDA Margin 8.97% vs 9.31% (▼34bps)

- Deepa Jewellers Limited has authorized its Key Managerial Personnel (KMP) for determining the materiality of events/information and making necessary disclosures to the stock exchanges under SEBI (LODR) Regulation 30(5). - The authorized KMPs include the Chairman & MD, Whole-time Director, CFO, and Company Secretary & Compliance Officer.

- Deepa Jewellers Limited has submitted its Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). - This is in compliance with Regulation 8(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. - The policy was approved on November 28, 2025, and is effective from the same date. - It has been uploaded on the company's website.