Sangam (india) Limited · NSE:SANGAMIND
Sangam (india) — Q2 & H1 FY26 Earnings Presentation
38 slides from Sangam (india)'s earnings presentation, Nov 10, 2025
Slide 1: Intimation to Stock Exchange cover letter
SANGAM (INDIA) LIMITED CIN : L17118RJ 1984PLC 003173 E - mail : secretarial@sangamgroup.com Website : www.sangamgroup.com I Ph : +91-1482-245400-06 Ref: SIL/SEC/2025-26 Date: 10th November, 2025 The Manager, The Manager, Department of Corporate Services Department of Corporate Services, The National
Slide 2: Sangam (India) Limited Earnings Presentation Q2 & H1FY26
Sangam (India) Limited Earnings Presentation Q2 & H1FY26
Slide 3: Disclaimer
Disclaimer The presentation has been prepared by Sangam (India) Limited (the “Company”) solely for information purposes and does not constitute an offer to sell or recommendation or solicitation of an offer to subscribe for or purchase any securities and nothing contained herein shall form the basis
Slide 4: Table of Content
Q2 & H1FY26 Performance Table of Company Overview Content Strategic Updates Annexures 3
Slide 5: Q2 & H1FY26 Performance
Value through values Q2 & H1FY26 Performance
Slide 6: Management Commentary
Management Commentary Sangam India Limited delivered robust Q2FY26 results, Q2FY26 H1 FY 26 with revenue rising 16% YoY to ₹785 crore, driven by strong domestic demand and operational efficiency. Revenue Rs. 785 Cr Rs. 1,587 Cr While the Gross margin moderated to 40.0% versus last year, the company
Slide 7: Navigating through the US Tariff
Navigating through the US Tariff YoY% Change in Export Value to the US Tariff Situation Sangam’s Exposure to the USA Market USA – A Macro Overview Cotton Yarn Readymade Garments (RMG) 3.6% Man-made Yarn/Fabs./Made-ups 0.1% 0.0% -15% -10% -5% 0% 5% Q4 FY25 Q1 FY26 Q2 FY26 Sept'25 Apr'25-Aug'25 • Indi
Slide 8: Working Capital Efficiency Strengthened
Working Capital Efficiency Strengthened Working Capital Cycle 137 108 105 96 95 87 90 84 78 72 67 59 62 56 49 49 47 42 FY21 FY22 FY23 FY24 FY25 H1FY26 Inventory Days Recievable Days Payable Days WC days improved to 61 in 1HFY26 from 80 in FY25, driven by faster inventory turnover (84 days vs. 105) a
Slide 9: Interest Subsidies – Supporting Strong Debt Servicing Capability
Interest Subsidies – Supporting Strong Debt Servicing Capability Interest Subsidy For FY26 Debt Repayment Schedule (In Rs. Cr) (In Rs. Cr) 123 125 124 7.9 109 6.6 4.2 59 3.7 Q1 Q2 Q3 Q4 FY 26 FY 27 FY 28 FY 29 FY30 Interest Coverage Ratio (x) Net Debt/ Equity (x) 4.9 1.1 1.1 1.0 3.9 0.9 0.8 1.7 1.5
Slide 10: Strategic Backward Integration for a Sustainable Value Chain
Strategic Backward Integration for a Sustainable Value Chain PET Bottle Flakes Backward Integration & Cost Leadership: Ensures stable recycled fibre supply, reducing input costs and strengthening competitiveness. Sustainability as a Growth Driver: Aligns with global brands’ recycled mandates, unlock
Slide 11: Renewable Energy Boost
Renewable Energy Boost Existing renewable Agreement is with 12 MW additional Total investment Helps mitigate Investment energy capacities: CGE II Hybrid renewable energy required: ₹11.42 rising financial supports 23 MW (18 MW Energy capacity is Crore with total strain from the sustainability via Sol
Slide 12: Production Quantity & Capacity Utilization %
Production Quantity & Capacity Utilization % PV Fabric Denim Fabric Yarn (MT) Garment (Lakh pcs) (Lakh Meter) (Lakh Meter) 91% 80% 83% 35% Q2FY26 Q2FY26 Q2FY26 Q2FY26 24470 101 112 9 77% 87% 87% 25% Q1FY26 Q1FY26 Q1FY26 Q1FY26 21,226 110 118 6 78% 58% 96% 30% Q4FY25 Q4FY25 Q4FY25 Q4FY25 130 7 21,876
Slide 13: Historical Income Statement
Historical Income Statement Particulars (in Rs. Cr) Q2 FY26 Q2 FY25 YoY Q1 FY26 QoQ H1FY26 H1FY25 YoY Revenue* 785 677 15.9% 803 -2.2% 1,587 1,375 15.4% Gross Profit 314 295 6.6% 298 5.3% 613 598 2.5% Gross Margin (%) 40.0% 43.5% (352) bps 37.2% 284 bps 38.6% 43.5% (468) bps EBITDA 76 57 32.4% 7
Slide 14: Sangam's Alignment to Industry Tailwinds
Sangam’s Alignment to Industry Tailwinds SECTORAL TAILWINDS DRIVING GROWTH SANGAM’S ALIGNMENT TO GROWTH DRIVERS India’s exports expected to grow to $100 Major Order from Gelmart (supplier to Walmart) Billion by 2030 backed by FTAs and improved reinforcing Sangam's export credibility, quality global
Slide 15: Strategy and Outlook
Strategy and Outlook Vertical Integration: +14% Expanding share of VAP 260Cr 228Cr +9% Export Potential: Global Tailwinds 2,872Cr 132Cr 2,641Cr 1,369Cr Operational Synergy FY21 FY24 FY25 Indicators - Revenue EBITDA 14
Slide 16: Company Overview
Value through values Company Overview
Slide 17: Sangam: Fully-integrated Textiles Operations
Sangam: Fully-integrated Textiles Operations Strong Expertise: 40+ years of leadership in the textile industry, built India’s largest, fastest growing and most trusted brand in Textile Sector on integration, innovation, and quality Diverse & End-to-End Portfolio: Leading manufacturer of PV Dyed Yarn
Slide 18: Business Model
Business Model Knitting & Spinning Garmenting Weaving Produces cotton, PV, fancy, and Converts yarn into knitted and Uses seamless tech for C9 indigo yarns - catering to varied woven fabrics - denim, shirting, activewear, innerwear, and Overview fiber needs and fabric and performance knits - for sha
Slide 19: Textile Sector – Overview
Textile Sector – Overview Domestic Textile and Apparel Industry Textiles and Apparels Exports from India’s Textile Market Size (US$ Bn) in India (US$ Bn) India (US$ Bn) 350 250 100 223 160 197 125 165 37 35 75 37 FY21 FY22 FY23 FY30 (F) FY21 FY22 FY23 FY30 (F) FY23 FY24 FY25 FY30 (F) India’s textile
Slide 20: USPs/ Competitive Advantage
USPs/ Competitive Advantage Balanced Portfolio. Driving Margins High-Value Client 1 De-Risked 2 Through Strategic 3 Relationships Operations Value Addition Recognized Four Globally Recognized 4 5 Star Export Accreditations House 19
Slide 21: Balanced Portfolio. De-Risked Operations.
Balanced Portfolio. De-Risked Operations. Multi-Segment Presence (% of sales) Strong Domestic & Export Mix PV Yarn 3% 17% 23% Cotton Yarn Exports Denim Fabric 37% Domestic Domestic Woven Fabic with 63% Exports 28% 29% processing Garment PV Yarn 3% 21% Cotton Yarn 22% Exports 35% Domestic Denim Fabri
Slide 22: Driving Margins Through Strategic Value Addition
Driving Margins Through Strategic Value Addition Value Added Products and Gross Margin % 44% 45% 45% 43% 42% 42% 41% 40% 39% 1% 1% 1% 3% 40% 43% 45% 45% 45% 50% 53% 50% 52% 59% 56% 54% 55% 52% 50% 47% 50% 48% FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 H1FY26 Yarn Fabric and Garment Others Gross Profit
Slide 23: High-Value Client Relationships
High-Value Client Relationships 22
Slide 24: Globally Recognized Accreditations
Globally Recognized Accreditations QUALITY MANAGEMENT QUALITY MANAGEMENT SOCIAL ACCOUNTABILITY SYSTEMS CERTIFICATIONS SYSTEMS CERTIFICATIONS STANDARDS GLOBAL RECYCLED ORGANIC CONTENT GLOBAL ORGANIC TEXTILE STANDARD STANDARD STANDARD 23
Slide 25: Recognized Four Star Export House
Recognized Four Star Export House Sangam (India) Limited has been recognized as a four-star export house Exports (in Rs. Crore) 1,109 921 867 757 470 423 FY 20 FY 21 FY 22 FY 23 FY 24 FY25 24
Slide 26: Strategic Updates
Value through values Strategic Updates
Slide 27: Yarn - Improving The Mix
Yarn - Improving The Mix Key Highlights Performance & Features Leader in PV dyed yarn in India Yarn (as a % of Revenue) 42 Export yarn to 33+ countries. Established Distribution Network 39 34 34 29 26 23 Yarn Produced: Cotton & PV Dyed. Manufacturer of 100% 16 18 16 18 cotton Yarn, Core Spun Yarn, E
Slide 28: Denim Fabric – Revenue increased 2.1x in 6 years
Denim Fabric – Revenue increased 2.1x in 6 years Key Highlights Performance & Features One of the largest exporter with exports to 25+ countries and market leader of Denim Fabric in country Denim Fabric (as a % of Revenue) Producers of wide range of denim fabric ranging from 4Ozs to 15Ozs 28 29 26 2
Slide 29: Synthetic Fabric – Significant Market Share
Synthetic Fabric – Significant Market Share Key Highlights Performance & Features One of the largest exporter and market leader of PV fabric in country Synthetic Fabric with Processing (as a % of Revenue) Significant market share in processing PV, PV Lycra, PVW, Polyester 21 22 22 22 woolen & 100% w
Slide 30: Garment – Revenue increased 2.4x in 6 years
Garment – Revenue increased 2.4x in 6 years Key Highlights Performance & Features India’s largest manufacturers of Seamless Garments- C9 Garment (as a % of Revenue) Athleisure wear, Intimate wear and Casual Wear 3 3 3 3 2,000+ touch points. 2 2 Cutting edge machinery sourced from Santoni, Italy Prod
Slide 31: Strategic Priorities
Strategic Priorities Value-Added Operational Technology & Working Capital Customer Centricity Product Expansion Efficiency Automation Accelerate shift to fabrics, Deploy automation, digitization, Optimize working capital Ensure quality, design agility, and seamless wear & branded and green energy to
Slide 32: Significant Focus on Sustainability and CSR
Significant Focus on Sustainability and CSR Recycle Empowering Renewable Energy Water Consumption Community 30,000MT p.a. of recycled fiber comes Established 5 plant locations, 3 effluent through recycling of Institutes and generating 18 MW of treatment 38,400MT plastic waste solar power plants Univ
Slide 33: Annexures
@ Value through values Annexures
Slide 34: Our Strong Leadership
Our Strong Leadership ➢ 40 years in textiles; built one of the ➢ Leads finance and operations at world’s largest yarn manufacturing Sangam India Ltd.; drives strategy businesses and expansion ➢ Started with 8 weaving machines; ➢ Oversees treasury with focus on sustainability and competitive known fo
Slide 35: Well-Structured Board
Well-Structured Board MR. SUDHIR MAHESHWARI MRS. IRINA GARG MR. DINESH CHANDER PATWARI MR. UPENDRA PRASAD SINGH Independent Director Independent Director Independent Director Independent Director ➢ With over 34 years of ➢ Served 35 years in the ➢ Served 36 years in the ➢ Served over 37 years in the
Slide 36: Historical Income Statement
Historical Income Statement Particulars (in Rs. Cr) FY 20 FY 21 FY 22 FY 23 FY 24 FY25 Revenue from Operations 1,798 1,369 2,445 2,729 2,641 2,872 Total Expenditure 1,629 1,237 2,130 2,411 2,413 2,612 EBITDA 169 132 315 318 228 260 EBITDA Margin % 9.4% 9.6% 12.9% 11.7% 8.6% 9.1% Depreciation 81 81 7
Slide 37: Historical Balance Sheet
Historical Balance Sheet Particulars (in Rs. Cr) FY 20 FY 21 FY 22 FY 23 FY24 FY25 Particulars (in Rs. Cr) FY 20 FY 21 FY 22 FY 23 FY24 FY25 (a) Equity Share Capital 39 43 43 45 50 50 Non-Current Assets (b) Share Warrant 0 0 26 23 0 0 Property, Plant and Equipment 615 586 595 720 1,004 1,273 (c) Oth
Slide 38: Thank you
Thank you Sangam (India) Ltd Name: Mr. Arjun Agal Tel: +91 9252145210 Email: arjunagal@sangamgroup.com Investor Relations: Go India Advisors Name: Ms. Garima Singla Tel: +91 9780042377 Email: garima@goindiaadvisors.com