Orkla India Ltd. · NSE:ORKLAINDIA
Orkla India — Q4 FY2026 Earnings Presentation
36 slides from Orkla India's earnings presentation, May 19, 2026
Slide 1: Stock exchange intimation letter
May 19, 2026 BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 544595 Scrip Symbol: ORKLAINDIA Subject: Investors /Analysts’ Presentation on Aud
Slide 2: Investor presentation for the quarter ended 31 March 2026
19 May 2026 Investor presentation for the quarter ended 31 March 2026
Slide 3: Disclaimer
Disclaimer This presentation (“Presentation”) prepared by Orkla India Limited ("Company") does not constitute or form part of and should not be construed as a prospectus, offering circular or offering memorandum or an offer to sell or issue or the solicitation of an offer to buy or acquire securitie
Slide 4: Agenda
Agenda 01 Orkla India introduction 02 Macro-environment 03 Key business highlights 04 Financial performance 05 Additional information 3
Slide 5: Orkla India introduction
01 Orkla India introduction 4
Slide 6: Orkla India: Trust, authenticity and taste for decades
Orkla India: Trust, authenticity and taste for decades Multi-category Indian food Deeply rooted in South Catering to every meal FY’26 Revenue-mix company Indian culinary heritage occasion South India Rest of India Spices Spices & Convenience foods International Convenience foods 9% 21% 35% #1 in Kar
Slide 7: Macro-environment
A ‘Orkla INDIA 02 Macro-environment
Slide 8: Macro-environment
Macro-environment Real GDP growth (yoy %) CPI1 and CFPI1 (yoy %) Macro tailwinds GST rate cut and slab 8.4% CPI simplification 8.2% CFPI 7.8% 7.8% Monetary and fiscal policy 5.2% 7.4% support 3.9% 3.3% 2.1% 3.4% 2.7% 1.4% 1.3% 6.4% West Asia conflict impact -1.1% -2.3% Input cost escalation -2.7% 5.
Slide 9: Key commodities’ price trend based on consumption
Key commodities’ price trend based on consumption (18.0%) 6.5% 1.00 0.88 0.87 0.87 0.87 0.82 Spices 0.77 0.76 0.78 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q4’26 1.12 1.17 1.10 1.08 1.11 1.07 1.00 0.99 Wheat 0.96 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q4’26 1.00 0.96 0.94 0.93 0.95 0
Slide 10: Key business highlights
A ‘Orkla INDIA 03 Key business highlights
Slide 11: Consolidated FY’26 performance
Consolidated FY’26 performance Revenue from sale of 5.9% products^ 3.5% Volume growth INR 2,493 cr (tonnage) 1.8% 1.5% (+5.7% yoy) FY’23 FY’24 FY’25 FY’26 424 EBITDA# 396 344 312 EBITDA# (INR cr) 16.6% 16.9% INR 424 cr & 14.4% 14.6% (+7.0% yoy) EBITDA margin (+12.4% ex. PLI) FY’23 FY’24 FY’25 FY’26
Slide 12: Q4’FY26 performance
INDIA Q4’FY26 performance
Slide 13: Q4’FY26 performance
Q4’FY26 performance Revenue from sale of 6.8% products^ 6.2% 5.8% Revenue from 4.1% sale of products^ INR 623 cr growth yoy (+6.2% yoy) Q1’FY26 Q2’FY26 Q3’FY26 Q4’FY26 Impacted on account of higher freight cost due to West Asia conflict and EBITDA# 112 110 investment in Project Bolt 102 100 EBITDA#
Slide 14: Spices: broad-based growth across regions except Kerala
Spices: broad-based growth across regions except Kerala Driving rural market penetration through targeted consumer activation Innovation and renovation 6.1% Revenue growth in spices yoy MTR Karam Gold chilli powder MTR Masala Karam 13
Slide 15: Building a future-ready distribution engine in Kerala
Building a future-ready distribution engine for in Kerala Where are we today What we want to achieve Legacy route-to-market with fragmented execution Enhance spices coverage Sub-optimal market and outlet coverage Build convenience foods Absence of a unified customer focus Ineffective call planning a
Slide 16: Convenience foods: sweets and meals continued strong growth
Convenience foods: sweets and meals continued strong growth Breakfast Meals Sweets 6.4% Revenue growth in convenience yoy foods Double digit In sweets and growth meals 15
Slide 17: International business: resilient GCC business despite geopolitical disruption
International business: resilient GCC business despite geopolitical disruption Calibrated and timely interventions have kept the business robust West Asia conflict has led to 11.8% GCC1 revenue growth heightened freight costs and supply chain challenges Business has stayed resilient yoy Elevated fre
Slide 18: Digital commerce: 23% growth yoy in Q4’FY26
Digital commerce: 23% growth yoy in Q4’FY26 Social media and digital-commerce activations 38% Digital commerce FY’26 yoy revenue growth Campaigns on social media 8.7% 6.6% Revenue contribution from digital commerce in domestic markets FY'25 FY'26 Activations on digital commerce 17
Slide 19: Project Bolt: Build digital commerce as our growth engine
Project Bolt: Build digital commerce as our growth engine for existing as well as new markets Strengthen Orkla India D-com capability Organisation design & structure D-com playbook • People • Process • Technology Capability building across teams Integrating external insights, internal learning, and
Slide 20: Financial performance
A ‘Orkla INDIA 04 Financial performance
Slide 21: Consolidated FY’26 performance
Consolidated FY’26 performance Revenue from operations* EBITDA# PAT (bei^) INR 2,509 cr INR 424 cr INR 298 cr (+4.8% yoy) (+7.0% yoy) (+3.0% yoy) (+12.4% ex. PLI) Volume (tonnage) EBITDA margin PAT margin +5.9% yoy 16.9% 11.9% Reported PAT INR 286 cr grew by 11.7% *: Revenue from operations include
Slide 22: Consolidated Q4’FY26 financial highlights
Consolidated Q4’FY26 financial highlights Revenue from EBITDA# PAT (bei*) operations^ INR 626 cr INR 100 cr INR 74 cr (+5.0% yoy) (+7.0% yoy) (+7.5% yoy) (+14.3% ex. PLI) Volume (Tonnage) EBITDA# margin PAT (bei*) margin +2.2 % yoy 16.0% 11.8% Data represented is in terms of Indian fiscal year ended
Slide 23: Consolidated Q4’FY26 revenue breakdown
Consolidated Q4’FY26 revenue breakdown Revenue by category (INRcr) Revenue by geography (INRcr) Spices Convenience Foods Domestic International +6.2% +6.2% 623 623 587 587 138 209 131 197 456 486 390 414 Q4’FY25 Q4’FY26 Q4’FY25 Q4’FY26 22
Slide 24: Consolidated Q4’FY26 profitability breakdown
Consolidated Q4’FY26 profitability breakdown 15.7% 16.0% 14.3% excluding the Commentary impact of PLI# +7.0% 94 100 EBITDA ❑ EBITDA growth from price management (INRcr) yoy and operating efficiencies, partly offset by freight increase and investments in Project Bolt Q4’FY25 Q4’FY26 11.6% 11.8% Comme
Slide 25: Key balance sheet ratios
Key balance sheet ratios ROCE^ Cash conversion# Trade working capital* (days) Impact of TDS on dividend deposited in April’25, with respect to 600cr dividend distributed in FY’25 32.7% 125% 30.7 27.7% 110% 98% 21.4 20.7% 19.6 110% 84% FY’24 FY’25 FY’26 FY’24 FY’25 FY’26 FY’24 FY’25 FY’26 FY’26 ROCE
Slide 26: Closing remarks
Closing remarks 25
Slide 27: Additional information
05 Additional information 26
Slide 28: India: Food is local / regional
India: Food is local / regional Regional preferences are cultural and closely tied India A culturally rich & diverse nation to agriculture & seasonal produce, further influencing local consumption habits Language North South Wheat-based dishes and rich, Rice-centric, spicy meals, creamy gravies samb
Slide 29: Focused on South India, Orkla India operates in a large market well-poised for growth
Focused on South India, Orkla India operates in a large market well-poised for growth Core categories to demonstrate high growth South India is well placed In INR cr Convenience foods Packaged spices 30% 121% South India’s per capita of India’s GDP 16,600 income (as % of India’s per capita income) 1
Slide 30: Robust supply chain
Robust supply chain Strategically located facilities with proximity to key sourcing regions and demand markets In-house factories Source markets Demand markets Hybrid approach - 8/22 In-house factories / Outsourced units1 Note: 1) As of May 2026 29
Slide 31: Multi-category food company with a focus on product innovation
Multi-category food company with a focus on product innovation Ongoing product development curated for local tastes… …Resulting in notable product launches and the firsts in India 37 7 Marketing Multiple product launched in last year Product Chefs1 team development team1 Research into latest Spices
Slide 32: Experienced and tenured management team
Experienced and tenured management team Sanjay Sharma Sunay Bhasin Ashvin Subramanyam Girish Kumar Nair Managing Director and CEO CEO, MTR Foods Business Unit CEO, International Business Unit CEO, Eastern Business Unit IFFCO Dabur Colgate Voltas Foods Britannia Yum Dole Asia Mondelez Wipro Dabur Ola
Slide 33: Supported by strong global parentage with diverse leadership
Supported by strong global parentage with diverse leadership ~$12bn ~$7bn ~20,000 Board of Directors Market capitalisation1 Group revenue2 Number of employees2 Orkla ASA 370+ yrs 10 Brands Norway-listed industrial, long- Legacy Portfolio companies Atle Vidar Nagel Sanjay Maria Syse- Per Haavard term
Slide 34: Key strategies to drive growth
Key strategies to drive growth Drive household penetration Drive operational efficiencies in core markets to improve margins Expand our product Continue to enhance capital portfolio efficiency Expand presence in Strategic acquisitions international markets 33
Slide 35: Consolidated financial summary
Consolidated financial summary Units Q4’FY26 Q4’FY25 FY'26 FY'25 Revenue from operations ₹ cr 626 596 2,509 2,395 Revenue from operations YoY growth % 5.0 N/A 4.8 1.6 Consolidated volume growth (only tonnage) % 2.2 N/A 5.9 3.5 Revenue by product categories Spices ₹ cr 414 390 1,617 1,571 Convenience
Slide 36: Thank you
Thank you Contact details for institutional investors: Siddharth Borkar Head – M&A and Investor relations siddharth.borkar@orklaindia.com Contact details for retail investors: investors@orklaindia.com Contact details for media: mediacell@orklaindia.com 35