EVEREADY

Management Discussion & Outlook - Consolidated Revenue for Q2 FY27 stood at INR 428.2 crores, registering a growth of 10.7% year-on-year. - EBITDA grew by 8.9% year-on-year to INR 53.8 crores, with an EBITDA margin of 12.6%. - Profit after tax was at INR 31.9 crores against a loss of INR 7.9 crores in the corresponding period last year. - High raw material costs (particularly zinc, which increased 36% YoY) and product/channel mix led to a slight margin compression. - Jammu facility has commenced commercial production and billing has started; full capacity utilization and localization expected to drive cost efficiencies. - Net debt reduced significantly to INR 153 crores, with further reduction expected from recent land sales (Noida plot sale of INR 90 crores closed in October 2026), aiming to be a debt-free company in the next 1.5 to 2 years.

- Eveready Industries India Limited informed the stock exchanges about the availability of the audio recording for the Q2FY27 earnings conference call. - The earnings call took place on November 2, 2026. - The audio recording link has been hosted on the company's official website.

- Eveready Industries India Limited approved the grant of 48,000 stock options to eligible employees under the ESOP 2026 plan. - Each option is convertible into 1 equity share of face value ₹5 each. - Exercise period is within three years from the date of vesting.

- Eveready released its Q2 FY27 Investor Presentation covering business landscape and market updates. - Retains ~53% dry-cell battery market share; revenue split: Batteries 64%, Lighting 22%, Flashlights 14%. - Growth driven by alkaline expansion, premiumisation, and strong momentum across Modern Trade and Quick Commerce channels.

- Consolidated Revenue for Q2 FY27 grew 10.7% YoY to ₹428.2 crore. - EBITDA rose to ₹53.8 crore with a 12.6% margin; PAT reached ₹31.9 crore. - Net debt reduced to ₹153 crore from ₹164 crore in Q1 FY27. - Focus remains on scaling Alkaline and rechargeable portfolios amid input cost pressures.

Q2 FY27 Consolidated Revenue ₹428.24 Cr vs ₹386.78 Cr (▲11% YoY) EBITDA ₹50.49 Cr vs ₹11.42 Cr (▲342% YoY) PAT ₹31.92 Cr vs ₹-7.91 Cr (Turnaround YoY) EBITDA Margin 11.8% vs 3.0% (▲884bps)

Q2 FY27 Consolidated Revenue ₹428.24 Cr vs ₹386.78 Cr (▲10.7% YoY) EBITDA ₹50.49 Cr vs ₹11.42 Cr (▲342.1% YoY) PAT ₹31.92 Cr vs Loss ₹7.91 Cr (Turnaround YoY) EBITDA Margin 11.8% vs 3.0% (▲884bps)

Concall Schedule Concall Date: November 02, 2026 Concall Time: 4:00 PM IST

- Trading window closed for Designated Persons and immediate relatives from October 1, 2026. - Closure remains until 48 hours after declaration of Q2 FY27 unaudited financial results for the period ending September 30, 2026.

- Times Horizon Private Limited (THPL) acquired 0.42% voting rights in Eveready Industries India Limited (Target Company) pursuant to a scheme of arrangement. THPL will be part of the Target Company's promoter group. - BCCL's 0.42% shareholding, previously part of the promoter group, is undergoing reclassification to the public shareholder category, approved by BSE, with NSE and CSE approvals pending.

- Eveready Industries India Ltd. received an independent Environmental, Social and Governance (ESG) score of "Crisil ESG 58" from CRISIL ESG Ratings & Analytics Limited on August 19, 2026. - The rating is based on fiscal 2026 disclosures and publicly available data, and the company did not engage CRISIL for this assessment.

- Q1 FY27 marked the 7th consecutive quarter of year-on-year revenue growth (▲9% YoY), with PAT increasing by 22.3% YoY and EBITDA margin maintained at 15.1%. - The new Jammu alkaline battery manufacturing facility commenced commercial production on May 29, 2026, expected to provide a 10% gross margin increment. - Management targets achieving 25-30% market share in the alkaline battery segment within the next 2 years, up from the current 18%. - The company anticipates becoming debt-free in the next 4-5 quarters. - New product launches include India's first portable liquid mosquito vaporizer and 'SHOR' rechargeable flashlight with animal alarm. - Management remains optimistic about sustaining growth momentum through FY27, driven by premiumization, manufacturing investments, and distribution network expansion. - The lighting segment achieved breakeven in Q1 FY27.

- Audio recording of the Q1FY27 Earnings Conference Call held on August 10, 2026, is now available on the Company's website.

- Q1 FY27 Consolidated Revenue ₹407.7 Cr vs ₹374.1 Cr (▲9.0% YoY) - EBITDA ₹61.5 Cr vs ₹56.1 Cr (▲9.6% YoY) - PAT ₹37.0 Cr vs ₹30.2 Cr (▲22.3% YoY) - EBITDA Margin 15.1% vs 15.0% (▲10bps)

- Q1 FY27 Consolidated Revenue ₹407.7Cr vs ₹374.1Cr (▲9% YoY) - EBITDA ₹61.5Cr vs ₹56.1Cr (▲9.6% YoY) - PAT ₹37.0Cr vs ₹30.2Cr (▲22.3% YoY) - EBITDA Margin 15.1% vs 15.0% (▲10bps)

- Q1 FY27 Consolidated Revenue from operations ₹407.71Cr vs ₹374.14Cr (▲8.97% YoY) - EBITDA ₹61.21Cr vs ₹46.61Cr (▲31.32% YoY) - PAT ₹36.97Cr vs ₹30.23Cr (▲22.29% YoY) - EBITDA Margin 15.01% vs 12.46% (▲255bps) - A penalty of ₹171.55 Crores was levied by the Competition Commission of India for non-compliance with the Competition Act 2002. An appeal has been filed, and NCLAT has granted a stay, with 10% of the penalty deposited. No provision has been made due to uncertainty regarding the litigation's future outcome. - Commercial production commenced at a new alkaline battery manufacturing facility at Jammu with an installed capacity of 456 Million alkaline batteries per annum.

- Concall Schedule - Concall Date: Monday, August 10, 2026 - Concall Time: 4:30 PM IST

- Eveready Industries India Ltd. informed shareholders about the 91st Annual General Meeting (AGM). - The AGM will be held on Tuesday, August 11, 2026, at 11:30 A.M. (IST) through Video Conferencing. - The Annual Report and AGM Notice for FY 2025-26 are available on the company's website and stock exchange websites. - Shareholders without registered email addresses were sent letters regarding accessing these documents.

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- Annual Revenue ₹1,454.61 Cr vs ₹1,344.37 Cr (▲8.2% YoY) - EBITDA ₹163.55 Cr vs ₹152.42 Cr (▲7.3% YoY) - PAT ₹171.23 Cr vs ₹82.30 Cr (▲107.85% YoY) - EBITDA Margin 11.24% vs 11.33% (▼9 bps)

- The Trading Window for dealing in the Company's securities will close from July 1, 2026. - It will remain closed till 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026.

- The Nomination & Remuneration Committee approved the grant of 10,55,000 stock options to eligible employees under ESOP 2026 on June 8, 2026. - Each stock option is convertible into 1 equity share of face value ₹5. - Options will vest three years from the date of vesting.