34 slides from S.j.s. Enterprises's earnings presentation, November 2025
Slide 1: Q2 & H1FY26 Earnings Presentation
SJS Enterprises Limited Q2 & H1FY26 EARNINGS PRESENTATION
Slide 2: Disclaimer
SJS| Disclaimer This presentation has been prepared solely for general information purposes in respect of S.J.S. Enterprises Limited (“SJS” or the “Company”) and its subsidiaries (together, the “Group”), without regard to any specific objectives, financial situations, or needs of any particular pers
Slide 3: Q2FY26 Concall Presenters
SJS| Q2FY26 Concall Presenters K A JOSEPH SANJAY THAPAR MAHENDRA NAREDI DEVANSHI DHRUVA Managing Director Group CEO & Executive Director Group Chief Financial Officer Head–Investor Relations • Founded the company in 1987 • Over 35 years of experience in • 25+ years of experience in • 13+ years of ex
Slide 4: SJS Overview: Premium aesthetics products manufacturer
SJS Overview| Premium aesthetics products manufacturer Operational Excellence Core Products and Technologies Strategic Market Position • Partner, co-creator and supplier of • Wide product range: Decals, choice to several leading OEMs in • Operates in the high value-add appliques/dials, overlays, log
Slide 5: Q2 & H1FY26 Business & Financial Highlights
Q2 & H1FY26 Business & Financial Highlights
Slide 6: Q2FY26 Highlights
SJS| Q2FY26 Highlights SJS delivered a stellar 29.5% YoY growth in automotive business v/s 9.5% YoY growth for automotive (2W + PV) industry • Quarterly Revenue at Rs. 2,417.6 Mn, a growth of 25.4% YoY • Growth largely driven by 44.3% YoY growth in 2W segment • Quarterly Domestic business grew by 24
Slide 7: Outperforming the Industry Growth for 24th consecutive quarter
SJS| Outperforming the Industry Growth for 24th consecutive quarter Q2FY26 - Industry Production Volume1 v/s SJS YoY Sales2 44.3% >3x growth 2W segment v/s industry 25.4% delivered strong 29.5% growth 16.5% 10.6% 9.5% 4.2% 2W Industry PV SJS (Cons) 2W+PV SJS (Cons) H1FY26 - Industry Production Volum
Slide 8: Q2FY26 – A Milestone Quarter
SJS| Q2FY26 – A Milestone Quarter Company has expanded and grown at a rapid pace Quarterly run rate in Q2FY26 is almost equivalent to annual numbers of FY21 FY21 Q2FY26 Revenue Rs 2516.2 Mn Rs 2417.6 Mn EBITDA Rs 797.0 Mn Rs 728.4 Mn PAT Rs 477.7 Mn Rs 432.7 Mn Highest ever quarterly Exports1 Highes
Slide 9: Q2FY26 Business Highlights
SJS| Q2FY26 Business Highlights Strong growth story continues… Growing Mega Accounts - Key Business Projects Won New Customer Addition Orafol, USA (Nissan) River (EV 2W) Azad (EV Bus) Same Deutz – Fahr (Tractors) Q2FY26 Earnings Presentation Nov 2025 9
Slide 10: Business Update on Displays segment
SJS| Business Update on Displays segment SJS signed an MoU with BOE Varitronix, Hong Kong, for manufacturing of Automotive Displays in India & • MoU envisages transfer of technology by BOEVX to SJS for assembly and optical bonding of display screens, including localization of cover glass and backlig
Slide 11: Establishing New Facilities
SJS| Establishing New Facilities Capacity expansion at Pune plant progressing well Q2FY26 Earnings Presentation Nov 2025 11
Slide 12: Awards & Achievements (1/2)
SJS| Awards & Achievements (1/2) 1 2 Won HERO Value leader Award & HERO VIDA award at Hero MotoCorp’s Global Supplier Meet in 3 Sep 2025 Certified as a Great Work-place in mid size organizations category by Great Place to Work – Sep 2025 Won QCFI Awards in September 2025 – 7 awards for Kaizen and 1
Slide 13: Awards & Achievements (2/2)
SJS| Awards & Achievements (2/2) 4 5 6 SJS has been recognized as an Emerging Sustainable Practices Organisation at CII ESG Karnataka ESG Summit 2025 ACMA Kaizen award in Sep 2025 – Won 2nd position in Cost Savings ACMA Kaizen award in Sep 2025 – Won 3rd position in Productivity & 7 Improving Effici
Slide 14: SJS | ESG Initiatives
SJS | ESG Initiatives Social Governance Environmental • Comprehensive health check-ups for • Established robust risk management • Supply started from Surya Urja 1 for 500 underprivileged villagers framework for mitigating risks ~3MW solar power at SJS • Supported 200 women with • Board committees en
Slide 15: Q2 & H1FY26 Financial Performance
SJS| Q2 & H1FY26 Financial Performance All figures in Rs. Mn Revenue from Operation EBITDA and EBITDA Margin (%) PAT and PAT Margin (%) YoY YoY YoY 25% 41% 48% 728 433 587 346 2,418 2,097 517 291 1,928 Q2FY26 QoQ QoQ QoQ 24% 16.5% 25% 17.9% 15% 26.6% 27.6% 29.6% 15.1% Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25
Slide 16: H1FY26 Capital Structure and Returns
SJS|H1FY26 Capital Structure and Returns (Rs. Mn.) FY24 FY25 H1FY26 Long Term Debt 400 0 0 • Strong cash flow generation to support expansion initiatives Short Term Debt 283 158 155 • Consistently delivering robust ROCE and ROE performance. Total Debt 683 158 155 Our ROE and ROCE improved to 20.4% a
Slide 17: Consolidated P&L Performance
SJS| Consolidated P&L Performance (INR in Mn) Q2FY26 Q2FY25 YoY% Q1FY26 QoQ% H1FY26 H1FY25 YoY% Operating Revenue 2,417.6 1,927.9 25.4% 2,096.6 15.3% 4,514.1 3,814.1 18.4% EBITDA 728.4 517.0 40.9% 587.3 24.0% 1,315.7 1,022.1 28.7% EBITDA Margin % 29.6% 26.6% 27.6% 28.7% 26.6% PAT 432.7 291.5 48.4% 3
Slide 18: Diversified Revenue Portfolio
SJS| Diversified Revenue Portfolio Revenue by Business Revenue by End Segment Revenue by Geography 3.9% 9.6% 17.3% 17.1% Q2 FY2026 41.0% 23.3% 59.4%, 38.0% 90.4% SJS SJS Decoplast 1 WPI 2W PV Consumer Others Domestic Exports 2 17.0% 4.8% 8.3% 17.5% H1 FY2026 40.1% 24.2% 58.8% 37.6% 91.7% SJS SJS Dec
Slide 19: Future Growth Outlook
Future Growth Outlook
Slide 20: Development & Delivery of New Product Pipeline (1/2)
SJS| Development & Delivery of New Product Pipeline Remains at the Core of SJS (1/2) Driven by premiumization, new age aesthetic products to drive realization increase across categories Post WPI acquisition Rs 1,200 - 1,500 Rs 3,500 – 5,000 4 - 6x growth Per vehicle Per vehicle Per vehicle Legacy Ki
Slide 21: Development & Delivery of New Product Pipeline (2/2)
SJS| Development & Delivery of New Product Pipeline Remains at the Core of SJS (2/2) Driven by premiumization, new age aesthetic products to drive to realization increase across categories Rs 300 - 500 1.5 - 2x growth Per vehicle Per vehicle Legacy Kit Value Future Kit Value SJS’ New Age Products (2
Slide 22: Strong organic growth with best-in-class margins
SJS| Strong organic growth with best-in-class margins Products: Focus on development of new technologies & advanced products • Intend to develop and introduce Optical cover glass, Illuminated logos, In Moulded Electronic (IME) parts and other new gen technologies 01 • Continue to build capabilities
Slide 23: Inorganic Growth Expected to Boost Organic Growth Trajectory
SJS| Inorganic Growth Expected to Boost Organic Growth Trajectory Merger & Acquisitions is a Key Pillar for growth Identify New Improve Plan for next Sustaining Targets Integration Performance phase of Performance growth • WPI – Acquired in July’23, a great • SJS Decoplast – 3x revenue growth since
Slide 24: FY26 Outlook
SJS| FY26 Outlook ▪ SJS to continue its strong financial performance trajectory ▪ SJS expects to outperform the underlying industry growth by over 2.5x on account of : ▪ Premiumisation + Building Mega OEM Accounts + Exports = Higher than industry sales growth for SJS ▪ Breakthrough of business with
Slide 25: Q2 FY26 Earnings Call Invite
SJS Enterprises Limited Q2 FY26 Earnings Call Invite SJS Enterprises Limited (BSE: 543387) announced its results for the quarter and half year ended Sep 30th, 2025, on Nov 3rd, 2025. Following the announcement, the management team will host a conference call for investors and analysts on Nov 4th, 20
Slide 26: Appendix
Appendix
Slide 27: Longstanding history of design backed manufacturing excellence
SJS| Longstanding history of design backed manufacturing excellence Evolution into a leading design and aesthetics focused business 2023 Walter Pack India 2021 July’23 - Acquired 90.1% stake in WPI. Focused on Exotech Plastics IMF, IML, IMD and IME 2019-20 Apr’21 - Acquisition technologies for compl
Slide 28: Diverse Product Portfolio (1/3)
SJS| Diverse Product Portfolio…(1/3) Decals & Body Graphics 2D Appliques & Dials 3D Appliques & Dials Overlays Q2FY26 Earnings Presentation Nov 2025 28
Slide 29: Diverse Product Portfolio (2/3)
SJS| Diverse Product Portfolio…(2/3) Aluminium Badges Domes 3D Lux Badges Aftermarket – “Transform” Q2FY26 Earnings Presentation Nov 2025 29
Slide 30: Diverse Product Portfolio (3/3)
SJS| Diverse Product Portfolio…(3/3) Lens Mask Assembly Optical Plastics Chrome plated parts (SJS Decoplast) IMLs / IMDs (SJS & Walter Pack India) Q2FY26 Earnings Presentation Nov 2025 30
Slide 31: Superior financial metrics and resilient business model
SJS| Superior financial metrics and resilient business model All figures in Rs. Mn Revenue from Operation EBITDA and EBITDA Margin (%) PAT and PAT Margin (%) 7,605 2,032 1,188 6,278 1,599 854 1,168 673 4,330 3,699 985 550 478 797 2,516 31.2% 19.0% 26.3% 26.4% 25.2% 26.4% 15.5% 15.6% 14.9% 13.6% FY21
Slide 32: Experienced & Qualified Board Team
SJS| Experienced & Qualified Board Team Ramesh Chandra Jain K A Joseph Non-Exec Chairman & Independent Director Managing Director – Promoter & Co-founder • Over 40 years experience in the industry, of which 25 years • Over 35 years of experience in aesthetics printing business worked in Eicher & ret
Slide 33: Experienced Management Team
SJS| Experienced Management Team MAHENDRA NAREDI R. RAJU RANJIT NAMBIAR SADASHIVA BALIGAR Group Chief Finance Officer Chief Marketing Officer Group Chief Operations Officer Chief Operations Officer • 28+ years of experience in the field of • 30+ years of diversified experience in • 35+ years of expe
Slide 34: Thank You
THANK YOU Head Investor Relations: IR Contact: Devanshi Dhruva | Head – Investor Relations Simran Malhotra / Sanket Vangule SJS Enterprises Investor Relations Advisor devanshi@sjsindia.com Churchgate Partners sjs@churchgatepartners.com; 91 22616 95988