Orkla India Ltd. · NSE:ORKLAINDIA
Orkla India — Q1 FY27 Earnings Presentation
32 slides from Orkla India's earnings presentation, Aug 4, 2026
Slide 1: Investor presentation for the quarter ended 30 June 2026
04 August 2026 Investor presentation for the quarter ended 30 June 2026
Slide 2: 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 3: Agenda
Agenda 01 Orkla India introduction 02 Macro-environment 03 Key business highlights 04 Financial performance 05 Additional information 3
Slide 4: Orkla India introduction
01 Orkla India introduction 4
Slide 5: Orkla India: Trust, authenticity and taste for decades
Orkla India: Trust, authenticity and taste for decades Multi-category Indian Deeply rooted in South Catering to every meal FY’26 Revenue-mix food company Indian culinary heritage occasion South India Rest of India Spices Spices & Convenience International Convenience foods foods 9% 21% 35% #1 in Kar
Slide 6: Macro-environment
A ‘Orkla INDIA 02 Macro-environment
Slide 7: Macro-environment
Macro-environment Real GDP growth CPI1 and CFPI1 (yoy %) Macro tailwind (yoy %) Tailwind in FMCG demand CPI CFPI 5.3% 8.3% 8.0% 3.9% 3.3% 4.4% 7.8% 2.1% 3.4% 7.4% 2.7% Key monitorables 1.3% 7.0% 6.8% 1.4% Input cost escalation and supply chain disruption -1.1% due to West Asia conflict -2.7% -2.3% I
Slide 8: Key commodities’ price trend based on consumption
Key commodities’ price trend based on consumption (12.0%) 32.8% 1.16 Spices 1.00 0.98 0.98 0.93 0.88 0.86 0.88 0.99 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q4’26 Q1’27 1.16 1.22 1.14 1.12 1.15 1.12 1.04 1.06 1.00 Wheat Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q4’26 Q1’27 1.00 0.98 0.99 1.00 1.03
Slide 9: Key business highlights
A ‘Orkla INDIA 03 Key business highlights
Slide 10: Q1’FY27 performance: back to double digit revenue growth
Q1’FY27 performance: back to double digit revenue growth 11.5% Revenue from sale 6.8% 6.2% of products^ 5.8% growth yoy 4.1% Q1’FY26 Q2’FY26 Q3’FY26 Q4’FY26 Q1’FY27 112 110 115 102 100 EBITDA# (INR cr) & EBITDA margin 18.7% 16.9% 16.1% 16.0% 17.5% Q1’FY26 Q2’FY26 Q3’FY26 Q4’FY26 Q1’FY27 Note: Data r
Slide 11: Consolidated Q1’FY27: broad based growth
Consolidated Q1’FY27: broad based growth ❑ Revenue growth of 11.5% yoy, with volume growth of 1.7% ❑ Domestic business delivered robust growth of 11.8% yoy, while international business remained resilient, recording 10.1% yoy growth ❑ In domestic market, digital commerce channel delivered strong gro
Slide 12: Spices: strong double-digit growth
Spices: strong double-digit growth Blended spices Pure spices Driving growth through stronger local Continue to deepen reach connect 11.3% yoy Building pure spices through authentic local relevance and consumer driven insights Revenue growth in spices Enhancing consumer engagement through content-le
Slide 13: Spices: unlocking growth through local taste led innovation and premium ingredient authenticity
Spices: unlocking growth through local taste led innovation and premium ingredient authenticity Targeting new consumer cohorts Premiumisation for digital channels Sourced from the rugged Kandahar highlands Andhra Pradesh North Karnataka MTR North- Karnataka Podis Focused launch across MTR AP1 Podis
Slide 14: Status update on Kerala distribution re-structuring
Status update on Kerala distribution re-structuring What we want to achieve Where we are today Timelines Q1FY27 Status February 2026 June 2026 Build convenience foods +14% +6% Foods Sales Effective 2 2 Productivity Coverage June 2026 December 2026 Strengthen market share in 1 standalone modern trade
Slide 15: Convenience foods: strong momentum driven by meals
Convenience foods: strong momentum driven by meals Breakfast Meals Sweets 11.9% Revenue growth in convenience yoy foods Double digit In meals growth 15
Slide 16: Convenience foods: accelerating breakfast play
Convenience foods: accelerating breakfast play Dry batter expansion into Wet batter expansion into Hyper-convenient gen-Z top metros pan-India Hyderabad focused protein led portfolio Rooted in authentic Indian breakfast and inspired by evolving consumer preferences, MTR’s ongoing portfolio expansion
Slide 17: 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 38.1% yoy D-com playbook Digital commerce • People revenue growth • Process • Technology 8.9% 7.2% Q1'FY26 Q1'FY27 Online market share > D-com specific Offline market share innovations Revenue contribution
Slide 18: Resilient International Business: 10.1% yoy growth
Resilient International Business: 10.1% yoy growth 18.1% GCC1 revenue growth New product groundwork for future market engines yoy GCC in-market execution & consumer engagement driven momentum Non-dairy recipes for UK & Europe Shelves fully stocked Robust consumer engagement: Popular paneer-based ran
Slide 19: Financial performance
A ‘Orkla INDIA 04 Financial performance
Slide 20: Consolidated Q1’FY27 financial highlights
Consolidated Q1’FY27 financial highlights Revenue from EBITDA# PAT (bei*) operations^ INR 659 cr INR 115 cr INR 87 cr (+10.4% yoy) (+3.0% yoy) (+9.7% yoy) (+7.2% ex. PLI) Volume (Tonnage) EBITDA# margin PAT (bei*) margin +1.7 % yoy 17.5% 13.1% Data represented is in terms of Indian fiscal year ended
Slide 21: Consolidated Q1’FY27 revenue breakdown
Consolidated Q1’FY27 revenue breakdown Revenue by category (INRcr) Revenue by geography (INRcr) Spices Convenience Foods Domestic International +11.5% +11.5% 656 656 588 588 132 220 120 197 524 436 468 391 Q1’FY26 Q1’FY27 Q1’FY26 Q1’FY27 21
Slide 22: Consolidated Q1’FY27 profitability breakdown
Consolidated Q1’FY27 profitability breakdown 18.7% 17.5% 7.2% excluding the Commentary impact of PLI# +3.0% 112 115 EBITDA^ ❑ EBITDA growth was driven by price (INRcr) yoy management, partially offset by lower PLI benefits and Project Bolt investments. Excluding PLI EBITDA growth was 7.2%. Q1’FY26 Q
Slide 23: Closing remarks
Closing remarks 23
Slide 24: Additional information
05 Additional information 24
Slide 25: 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 26: 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 27: 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 30 June 2026 27
Slide 28: 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 29: 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 30: Supported by strong global parentage with diverse leadership
Supported by strong global parentage with diverse leadership ~$10bn ~$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 31: Consolidated financial summary
Consolidated financial summary Units Q1’FY27 Q1’FY26 FY'26 FY'25 Revenue from operations ₹ cr 659 597 2,509 2,395 Revenue from operations YoY growth % 10.4 5.9 4.8 1.6 Consolidated volume growth (only tonnage) % 1.7 8.5 5.9 3.5 Revenue by product categories Spices ₹ cr 436 391 1617 1571 Convenience
Slide 32: 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 32