Symphony Limited · NSE:SYMPHONY
Symphony — Investor Presentation (February 2026)
59 slides from Symphony's investor presentation, February 2026
Slide 1: Corporate Presentation (Feb'26)
Corporate Presentation (Feb’26)
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or proj
Slide 3: Table of Content
Table of Content ► Symphony – A Pioneer of Evaporative Air Cooling ► Symphony Air Coolers – Market Leadership Through Innovation ► Fan (Tower & Kitchen Cooling) Range – All Season Products ► Large Space Venti Cooling (LSV) – All Season Products ► Water Heaters – Counter Seasonal Products ► Driving T
Slide 4: Symphony (A Pioneer of Evaporative Air Cooling)
Symphony (A Pioneer of Evaporative Air Cooling)
Slide 5: Symphony's Journey: Pivotal Milestones
Symphony’s Journey: Pivotal Milestones Accelerating focus on Expanded into water year-round relevance Symphony heaters, air conditioners, Acquired Climate and revenue resilience incorporated in washing machines, and Acquired IMPCO, Technologies, through round-the-year Ahmedabad, India other consumer
Slide 6: Strategic footprint across India, China, Brazil, Australia, and Mexico
Strategic footprint acoss India, Trailblazer with an unparalleled China, Brazil, Australia, innovation and category and Mexico leadership Global footprint spanning Asset-Light, Capital-Light 60+ countries and model delivering scalable, 10 top brands high-margin growth Proven scale with Global CoEs w
Slide 7: Symphony Leads a Symphony of Global Brands
Symphony Leads a Symphony of Global Brands 7
Slide 8: Symphony Air Coolers (Market Leadership Through Innovation)
Symphony Air Coolers (Market Leadership Through Innovation)
Slide 9: India Air Cooler Market: Snapshot
India Air Cooler Market: Snapshot TAM Market Organized Key Segments Not Drivers Accelerating (At primary level) Composition Market Share Reported* Shift To Organized Market ~ ₹5,000 Cr. ▪ Symphony (Market Leader) ~ 35% ▪ Rural & semi-urban ▪ Consumers increasingly ▪ Key national players ▪ Institutio
Slide 10: Household Cooler in India: A Long Runway for Growth [1/2]
Household Cooler in India: A Long Runway for Growth [1/2] Cooling Pyramid (HH in %) Air Cooler Penetration (HH in %) Indian Air Cooler Market Organized Unorganized Air 8 - 9% Conditioner ₹ 10,000 Cr. Urban 25% Air 19% Cooler ₹ 6,000 Cr. (60%) ₹ 5,000 Cr. Electric ₹ 3,250 Cr. Fan 90%+ (65%) Rural 16%
Slide 11: Household Cooler in India: A Long Runway for Growth [2/2]
Household Cooler in India: A Long Runway for Growth [2/2] Heatwaves battering India Rapid Urbanisation 200 % of population residing in Avg. number of heatwave 190 43% 174 150 40% urban area days 100 37% 35% 33% 2013 2016 2019 2022 2024 2015 2020 2025 2030[E] 2035[E] Source: EnviStats India 2025, MoS
Slide 12: Symphony: Pioneering Air Cooler Innovation [1/2]
Symphony: Pioneering Air Cooler Innovation [1/2] 1989 2009 2016 2017 2019 2022 World’s first Tower Format World’s First Touch Range India’s First India’s First Plastic Body Air Cooler Wall-Mounted with 4-side Double Decker BLDC Air Air Cooler Air Cooler removable Air Cooler Cooler pads and double bl
Slide 13: Symphony: Pioneering Air Cooler Innovation [2/2]
Symphony: Pioneering Air Cooler Innovation [2/2] Remote Control 1 5 Mosquito Repellent Power Saver 2 6 Digital Touchscreen Technology i-Pure Technology – Multistage Air 3 7 Gesture Control and Purification System Voice Assist Cool Flow Dispenser – Humidity Control 4 8 Uniform Water Distribution Syst
Slide 14: Symphony Air Coolers: Powering Every Cooling Need [1/2]
Symphony Air Coolers: Powering Every Cooling Need [1/2] Air Force Silenzo Maxwind (A force to reckon with – propelling the move (The benchmark for silent cooling in India) (Unleashing powerful, expansive airflow) from metal to plastic air coolers) 14
Slide 15: Symphony Air Coolers: Powering Every Cooling Need [2/2]
Symphony Air Coolers: Powering Every Cooling Need [2/2] Diet Sumo Movicool (Sleek and Trendy tower air cooler) (Desert cooling powerhouse) (Large space cooling expert) & many more… 15
Slide 16: Innovate, Engage, Lead: Marketing That Moves Markets
Innovate, Engage, Lead: Marketing That Moves Markets Animated Mascot Mobile Air-Cooled Bus Stop Dial-A-Cooler Campaign (2017) (2019) (2021) AI Customized Celeb Video Owning The Unique Air – Cooling (2023) Feeling (2024) 16
Slide 17: Accelerating Omnichannel Journey with Strategic Focus
Accelerating Omnichannel Journey with Strategic Focus General Trade Large Format Regional Chain Institutional E-Commerce D2C Stores Stores Sales Extensive network of Driving widespread Catering to Catering to bulk Leading presence on Engaging customers distributors, dealers, brand visibility and loc
Slide 18: Symphony: Synonymous With The Air Cooler Category
Symphony: Synonymous With The Air Cooler Category Market Leadership GOOGLE RATING & REVIEWS By a significant margin over the #2 player (Source: GfK Market Health Study 2025) Brand Preference Most preferred brand, strong brand equity & top-of-mind recall (Source: Kantar Brand Track Report 2025) Chann
Slide 19: Fan (Tower & Kitchen Cooling) Range
Fan (Tower & Kitchen Cooling) Range (All-Season Products)
Slide 20: Surround: Where Design Meets Performance
Surround: Where Design Meets Performance Advanced Bladeless Modern & 45° swivel Technology Space-Saving for surround airflow Design High- Health- Versatile Performance Focused Multi-Zone Usage Air Delivery Filtration (Residential & Commercial) 20
Slide 21: Duet: India's First Kitchen Cooling Fan
Duet: India’s First Kitchen Cooling Fan Flame-Safe Compact & 45° swivel Airflow for Kitchens Slab-Friendly for surround airflow Design Cooling Comfort Smart Effortless Where You Need It Most Touchscreen Water & Ice (Kitchen, Pooja Room, Study Control Panel Filling Room etc.) 21
Slide 22: Mini Marvel of Coolness: Small in Size, Big on Comfort
Mini Marvel of Coolness: Small in Size, Big on Comfort Duet Mini Buddy 3-Speed Touch Screen Type C Port Water Portable & Adjustable Fan Control (Power Banks, Laptop, Inlet Light Weight USB Adaptor) 22
Slide 23: Large Space Venti Cooling (LSV)
Large Space Venti Cooling (LSV) (All-Season Products)
Slide 24: A Call For Democratizing The Comfort
A Call For Democratizing The Comfort Higher Increasing the temperature level of thermal negatively affects comfort: Up to both productivity 12% improvement and accuracy of in workers’ work productivity Recommends an Recommends a increased constant flow of ventilation rate, fresh air, preferably pref
Slide 25: LSV: Air-Cooling + Ventilation
LSV: Air-Cooling + Ventilation MILLION+ TARGET SITES Educational Factories Warehouses Institutes Religious Restaurants Hospitals Places Banquet Halls and many more… 25
Slide 26: Powering LSV with Innovation and Scale
Powering LSV with Innovation and Scale Largest Product Range (15+ SKUs) Designing and Accelerated product manufacturing in India, launches to meet evolving needs driving local innovation High indigenisation Strengthening channels improving cost and boosting market reach supply resilience and awarene
Slide 27: Global Clientele
Global Clientele & many more… * All brand logos are properties of respective organizations – shown here for representation purpose only 27
Slide 28: Water Heaters (Counter-Seasonal Products)
Water Heaters (Counter-Seasonal Products) STORAGE INSTANT WATER HEATERS WATER HEATERS
Slide 29: Softens hard water reducing hair damage and
Softens hard water reducing hair damage and providing skincare
Slide 30: Control at your fingertips
Control at your fingertips 30
Slide 31: India's First Water Heater
With Available in 10L | 15L | 25L India’s First Water Heater 31
Slide 32: Available in 10L | 15L | 25L
With Available in 10L | 15L | 25L
Slide 33: Available in 10L | 15L | 25L
With Available in 10L | 15L | 25L 33
Slide 34: for faster heating:
for faster heating: Heats water quickly and efficiently. eS ‘Superior PUF insulation retains hot water for extended periods: keeps water hot for long, improving energy efficiency. @ | +f Titanium | Magnesium Pro Coating Rod Sympheny SELEST/’ * 5-star rating for energy efficiency: Highly energy-effic
Slide 35: Sympheny
Sympheny SWISH 59 WITH Sympheny eis SWISH’ 3 5 ea pLOGPobpenplcanpae eer: Ss Stainless Steel Inner Tank (SS 304) For Efficient And Silent Heating = aa © Preset Thermal Cutout ®@: Color Changing Led Indicator Compact & Easy To Install Shock-proof Engineering > Plastic Body Ensures Safety 6.5 6.5 Bar
Slide 36: Driving Towards ESG Leadership
Driving Towards ESG Leadership
Slide 37: Driving Sustainability Through Environment Stewardship
Driving Sustainability Through Environment Stewardship “Climate Positive” Company (scope 1) ~ 30 Mn coolers sold 145 Mn+ tons of equivalent CO2 saved till date ~ 2.0 bn equivalent trees planted till date Source: Company Data 37
Slide 38: Making A Social Impact
Making A Social Impact Healthcare Driven by ethics, dedication and cause 04 Traditional Art Education CSR (Beyond “Cheque Rated high by 03 PEOPLE 01 The Biggest Writing”) employees Asset Disaster Management, Hunger, Poverty Relief, and & Malnutritions Rehabilitation 02 Social Equity Fostering creati
Slide 39: Governance Culture: Beyond Compliance
Governance Culture: Beyond Compliance Robust, ► Aligned with global best practices – exceeding regulatory norms ► Balanced board with 50% (4 out of 8) Independent Directors Diverse and ► Key committees (Audit and NRC): 100% composed of independent directors Governance-Driven ► Diversity embedded: >
Slide 40: Financial Performance Overview (FY 24-25)
Financial Performance Overview (FY 24-25)
Slide 41: Standalone Financials: FY 24-25 v/s FY 23-24 [1/2]
Standalone Financials: FY 24-25 v/s FY 23-24 [1/2] (₹ Cr.) YoY ▲ / ▼ Particulars FY 23-24 FY 24-25 Highest ever Annual Revenue and EBITDA (%) ► PAT moderated by exceptional items Revenue from operations 796 1,182 +49% Exceptional items: Gross Margin 390 588 +51% ► Impairment reversal of loan & Equit
Slide 42: Standalone Financials: FY 24-25 v/s FY 23-24 [2/2]
Standalone Financials: FY 24-25 v/s FY 23-24 [2/2] (₹ Cr.) Capital Employed in ROCE (%) RONW (%) Treasury Core Business ( Monthly Avg. ) ( PBIT / Capital Employed ) ( PAT / Avg. Net Worth ) (As on 31/3/25) (-32) Infinite 23% 458 v/s 44 v/s 362% v/s 18% v/s 395 ^ Excl. Loans and Investments in Subsid
Slide 43: Consol. Financials: FY 24-25 v/s FY 23-24 [1/2]
Consol. Financials: FY 24-25 v/s FY 23-24 [1/2] (₹ Cr.) YoY ▲ / ▼ Particulars FY 23-24 FY 24-25 (%) Best-ever financial performance Revenue from operations 1,156 1,576 +36% Gross Margin 555 775 +40% Broad-based growth across domestic and EBITDA 173 316 +83% international markets, and channels – ► Re
Slide 44: Consol. Financials: FY 24-25 v/s FY 23-24 [2/2]
Consol. Financials: FY 24-25 v/s FY 23-24 [2/2] (₹ Cr.) Capital Employed in ROCE (%) RONW (%) Core Business ( Monthly Avg. ) ( PBIT / Capital Employed ) ( PAT / Avg. Net Worth ) 248 101% 28% v/s 302 v/s 50% v/s 18% 44
Slide 45: Financial Performance Snapshot (Q3 & 9M FY 25-26)
Financial Performance Snapshot (Q3 & 9M FY 25-26) (1) Consol. financials are of “Continuing + Discontinued Operations net of consol. adjustments”. (2) Operations of Symphony India, GSK China and SCL Brazil are considered as “Continuing Operations”. (3) Operations of Climate Holdings Pty Ltd, Austral
Slide 46: Standalone Financials: Dec'25 v/s Dec'24 Qtr.
Standalone Financials: Dec’25 v/s Dec’24 Qtr. (₹ Cr.) Flattish revenue – YoY ► Elevated inventory (post jun’25 qtr.) Particulars Dec’24 Dec’25 ► Resultant revenue contraction (sep’25 qtr.) (▲ / ▼) ► Symphony trade inventory largely normalized Revenue from operations 182 182 --- RTY** portfolio conti
Slide 47: Standalone Financials: 9M FY26 v/s 9M FY25
Standalone Financials: 9M FY26 v/s 9M FY25 (₹ Cr.) Revenue from operations Gross Margin EBITDA 566 273 81 v/s 814 (▼30%) v/s 408 (▼33%) v/s 188 (▼57%) 48.3% (1.8%) 14.4% (8.7%) PBT PAT* (Before Exceptional Items) 123 99 v/s 220 (▼44%) v/s 132 (▼25%) 21.7% (5.3%) 17.5% (1.3%) *Net of exceptional
Slide 48: Standalone TTM Financials: Dec'25 v/s Dec'24
Standalone TTM Financials: Dec’25 v/s Dec’24 (₹ Cr.) Capital Employed in ROCE (%) RONW (%) Treasury Core Business (TTM Monthly (TTM PBIT / Capital Employed) (TTM PAT / Avg. Net Worth) (As on 31/12/25) Avg.) 49 371% 19% 460 v/s (-21) v/s Infinite v/s 24% v/s 488 (Excl. Loans and Investments in Subsid
Slide 49: Consol. Financials: Dec'25 v/s Dec'24 Qtr.
Consol. Financials: Dec’25 v/s Dec’24 Qtr. (₹ Cr.) Revenue from operations Gross Margin EBITDA 233 112 24 v/s 242 (▼4%) v/s 121 (▼8%) v/s 35 (▼31%) 47.9% (2.2%) 10.5% (4.1%) PBT PAT* (Before Exceptional Items) 27 20 v/s 28 (▼5%) v/s (-10) 11.4% (0.1%) 8.8% (12.8%) *Net of exceptional items: 1) D
Slide 50: Consol. Financials: 9M FY26 v/s 9M FY25
Consol. Financials: 9M FY26 v/s 9M FY25 (₹ Cr.) Revenue from operations Gross Margin EBITDA 793 383 76 v/s 1,088 (▼27%) v/s 549 (▼30%) v/s 211 (▼64%) 48.2% (2.3%) 9.5% (9.9%) PBT PAT* (Before Exceptional Items) 102 81 v/s 216 (▼53%) v/s 134 (▼39%) 12.9% (6.9%) 10.2% (2.1%) *Net of exceptional it
Slide 51: Consol. TTM Financials: Dec'25 v/s Dec'24
Consol. TTM Financials: Dec’25 v/s Dec’24 (₹ Cr.) Capital Employed in ROCE (%) RONW (%) Core Business (TTM Monthly (TTM PBIT / Capital Employed) (TTM PAT / Avg. Net Worth) Avg.) 343 54% 21% v/s 273 v/s 89% v/s 26% 51
Slide 52: Update on IB Transactions: CT, Australia and IMPCO, Mexico
Update on IB Transactions: CT, Australia and IMPCO, Mexico IB-led process Despite healthy Maintaining direct Process rolled back; commenced post buyer interest, no presence in Mexico The financial Board approval in proposal met and USA – Australia investment* in April-25; valuation remains strategic
Slide 53: Strategic Outlook & Way Forward
Strategic Outlook & Way Forward 1 2 3 4 5 6 Innovating Driving focused Scaling digital Accelerating Prioritizing high- Export-led across product penetration in and alternate RTY* product potential domestic expansion in tiers to serve rural and semi- channels to growth to reduce and international str
Slide 54: Shareholders' Reward Policy
Shareholders’ Reward Policy
Slide 55: Consistent Payout to Shareholders
Consistent Payout to Shareholders Shareholders’ Payout Policy FY 16 – 25 FY 21 – 25 FY 23 – 25 (% of Consol. PAT) (10 Years) (5 Years) (3 Years) At least 60% 73% 92% 116% ₹ 1,056 Cr. ₹ 650 Cr. ₹ 552 Cr. Dividend, Special Dividend, and Buyback FY 2025-26 I Three Interim Dividends ► Dividend Per Share
Slide 56: Shareholding Pattern (As on 31/12/25)
Shareholding Pattern (As on 31/12/25)
Slide 57: Shareholding Pattern (As on 31/12/25)
Shareholding Pattern (As on 31/12/25) 12.52% Top Domestic Institutional Investors (DIIs) 1.66% ► HDFC Mutual Fund 5.30% ► UTI Mutual Fund ► Bandhan Mutual Fund ► Axis Mutual Fund 8.75% ► Motilal Oswal Mutual Fund Top Foreign Portfolio Investors (FPIs) ► College Retirement Equities Fund ► Vanguard To
Slide 58: Glossary
Glossary Gross Margin (%) : % of Revenue from operations A&P Expenses : Advertisement and Sales Promotion Expenses : Earnings Before Interest, Tax, Depreciation and Amortization EBITDA (Excludes Other Income, Exceptional Items and Foreign Exchange Loss incl. MTM) EBITDA Margin (%) : % of Revenue fro
Slide 59: Thank You
Thank You \ | Master Cool! Arctic Circle | Hi | = BONAIRE | Durango | OtravelAire