ADITYA VISION Q2 FY27: REVENUE UP 28% YOY; PAT SURGES 45%, EXPANSION INTO 3 NEW STATES & STRONG 18% SAME-STORE SALES GROWTH

• Quarterly Results: Revenue increased 28.1% YoY to ₹586 Cr, EBITDA grew 31.6% to ₹46 Cr and PAT surged 45.2% to ₹18 Cr • Margin Improvement: EBITDA margin expanded to 7.8% from 7.6% YoY, while gross margin improved 125 bps to 16.3% • Same-Store Sales Growth: H1 FY27 SSSG rebounded to 18% from 2% YoY, reflecting stronger demand and customer traction • Geographic Expansion: Entered Chhattisgarh, Madhya Pradesh and West Bengal within six months, accelerating expansion ahead of guidance • Store Network: Total store count reached 214, up from 188 YoY, with retail footprint expanding 18.3% to 9.51 lakh sq. ft. • Future Expansion Plans: Focused on deeper penetration across Bihar, Uttar Pradesh, Jharkhand, Chhattisgarh, Madhya Pradesh and West Bengal, covering states representing approximately 45% of India's population • Store Capex: Average investment requirement of ₹80–90 lakh per new store, with additional working capital of ₹2.75–3 Cr per store • Store Profitability: New stores typically achieve operating breakeven within 6–12 months, with an estimated payback period of 3 years • Revenue Mix: Bihar contributed 72% of H1 revenue, followed by Uttar Pradesh at 16%, Jharkhand at 11% and Chhattisgarh at 1% • Customer Growth: H1 bill cuts increased 16.8% YoY to 7.24 lakh, while average selling price grew 6.8% to ₹24,272 • Product Demand: Digital gadgets increased their revenue contribution to 23% from 21% YoY, while large appliances contributed 60% • H1 Performance: Revenue increased 27.3% YoY to ₹1,779 Cr, EBITDA grew 36.8% to ₹170 Cr and PAT increased 41% to ₹96 Cr • Balance Sheet: Short-term borrowings declined to ₹293 Cr from ₹331 Cr in March 2026, while cash and cash equivalents increased to ₹147 Cr from ₹129 Cr • Cash Flow: H1 operating cash flow stood at ₹119 Cr against ₹136 Cr YoY, reflecting higher working capital requirements • Future Growth Strategy: Focused on expanding organised electronics retail across underpenetrated markets, increasing premium product sales and improving profitability as new stores mature • Demand Challenges: Bihar floods, rising essential costs, fuel uncertainty and appliance price hikes affected discretionary spending during Q2 • FY27 Guidance: Management highlighted accelerated geographic expansion

ADITYA VISION LIMITED

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