Slide 1: Regulation 30 Intimation to NSE - Investor Presentation
TBI CORN LIMITED (FORMERLY KNOWN AS THE BEST INDIA) CIN: L15400PN2022PLC212368 Regd. Office: A5/3 & A5/4, MIDC, Miraj, Tal- Miraj, Dist- Sangli – 416410 Maharashtra Email: cs@tbicorn.com (M): +91-9423036063 Website: www.tbicorn.com To, Date: June 02, 2026 The Manager, Listing & Compliance Department
Slide 2: TBI Corn Limited Investor Presentation FY2026
TBI Corn Limited Investor Presentation FY2026
Slide 3: Disclaimer
Disclaimer This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of TBI Corn Ltd (“TBI Corn”, "Company“), nor shall part, or all, of this document form the basis of, or be relied on in connection with, any cont
Slide 4: Table Of Content
Table Of Content About Us Industry Overview Performance Highlights Way Forward Annual Highlights Annexures 3 Investor Presentation IIIIIIIII
Slide 5: About Us
ABOUT US 4 Investor Presentation IIIIIIIII
Slide 6: About Us
About Us TBI Corn Ltd. is a leading and trusted Our plant is strategically located in Miraj, in the Sangli district of Maharashtra, India. This location Capacity: manufacturer and exporter of corn-based provides excellent connectivity to international airports, seaports like JNPT (Nhava Sheva), and
Slide 7: Our Journey
Our Journey 1999 2000 2004 2010 2012 2014 Began operations Founded as The Best Entered maize Diversified product Commissioned Established the with initial efforts in India - a partnership processing through range with the production first dry milling yeast formulation firm in Sangli, job work, produ
Slide 8: Management Team
Management Team Mr. Yogesh Rajhans Mr. Ninad Yedurkar Managing Director & Chairman Whole Time Director & CFO Mr. Yogesh Laxman Rajhans is a pioneering Mr. Ninad Yedurkar is an Instrumentation Engineering entrepreneur & founder of M/s. THE BEST INDIA With graduate who followed it up with an MBA in Fi
Slide 9: Manufacturing Process
Manufacturing Process Procurement - Raw Material Storage – Raw Material Processing Packaging and Storage Our plant is strategically located in Upon arrival of the purchased corn Corn kernels from silos are Our plant features an automated a prime corn/maize-growing at our facility for processing, pro
Slide 10: Cleaning & Milling of Corn/Maize Flakes
Cleaning & Milling of Corn/Maize Flakes. Water and steam is added Destoner Polisher Gyro Elevator Cookers Physical Checking The clean maize is The clean and Grains are sorted The polished maize Water & steam are Check whether the obtained and sent destoned maize is depending on the size (in is trans
Slide 11: Current Structure
Current Structure TBI CORN LTD Revita Starch Pvt Ltd. TBI Foundation Agripivot Ventures Pvt Ltd. TBI Maize-Processors Pvt Ltd. Wholly Owned Subsidiary Wholly Owned Subsidiary Wholly Owned Subsidiary Associate Company Incorporated on 28th Incorporated on 3rd Incorporated on 23rd Incorporated in 2022
Slide 12: Key Product Segment - Corn (1/2)
Key Product Segment - Corn (1/2) Indian Yellow Maize Corn Germ Broken Maize Corn Grits We obtain top-grade, Non-GMO whole Corn germ accounts for 6–8% of the total We manufacture different sizes of Broken Corn Grits are de-germinated yellow corn corn from reliable farms that use no weight of a corn k
Slide 13: Key Product Segment - Corn (2/2)
Key Product Segment - Corn (2/2) Raw Corn Flakes Corn Meal Corn Bran Corn Flour Maize is thoroughly cleaned, polished, and We supply premium-quality Indian Yellow Corn bran stands out among cereal brans Our corn is milled into a fine, yellow- milled to remove the germ and bran. Maize that is suitabl
Slide 14: Recognized By
Recognized By 13 Investor Presentation IIIIIIIII
Slide 15: Key Customers
Key Customers 14 Investor Presentation IIIIIIIII
Slide 16: Our Presence
Our Presence Along with associations in Domestic market, we have our International market presence in: • U.A.E. • Oman • Saudi Arabia • Qatar • Bahrain • Kuwait • Jordan • Liberia • Singapore • Gambia • Iraq • Brunei • Tanzania • Yemen • Sri Lanka • Vietnam • Malaysia • South Korea 15 Investor Prese
Slide 17: Competitive Advantage
Competitive Advantage Fully Automated Global Distribution & Expert Leadership & Manufacturing Strategic Location Skilled Workforce Our production facilities feature fully automated milling Situated in MIDC Miraj, close to India’s leading maize- Guided by a seasoned management team with decades of li
Slide 18: Industry Overview
INDUSTRY OVERVIEW 17 Investor Presentation IIIIIIIII
Slide 19: Industry Overview
Industry Overview • The India Snacks Market size was valued at INR 50,590.37 Crore in 2025 and is projected to reach INR 1,03,556.03 Crore by 2034, growing at a compound annual growth rate of 8.28% from 2026-2034. Swift urban growth, along with increasing disposable incomes and changing lifestyle tr
Slide 20: Performance Highlights
PERFORMANCE HIGHLIGHTS 19 Investor Presentation IIIIIIIII
Slide 21: Business Highlights – H2 & FY26
Business Highlights – H2 & FY26 - Further added capacity of 40 TPD in Malkapur plant was operationalised on end of March 2026. - Volume growth was strong at ~44% YoY IN H2FY26 as well as for full year FY26 - H2FY26 volumes stood at 58,242 MT up 43.5% YoY - FY26 volumes stood at 103,251 MT up 43.6% Y
Slide 22: Operating Cash Flows Improve
Operating Cash Flows Improve Strong Operating Cash Flow Turnaround TBI Corn has achieved a remarkable turnaround to strong positive operating cash flow this year, reversing the previous year's negative operating cash flow of ₹29.56 crore to current year's positive operating cash flow of ₹33.41 crore
Slide 23: Financial Highlights – H2 & FY26
Financial Highlights – H2 & FY26 Revenue (Rs Mn) EBITDA, EBITDA Margin (%) PAT & PAT Margin (%) EPS (Rs) 13.5% 9.0% 9.5% 7.5% 5.2% 5.0% 1,670 5.64 1,176 1,367 184 4.60 164 102 3.37 105 84 61 H2FY25 H1FY26 H2FY26 H2FY25 H1FY26 H2FY26 H2FY25 H1FY26 H2FY26 H2FY25 H1FY26 H2FY26 Revenue EBITDA PAT EPS 42
Slide 24: Income Statement
Income Statement (H2FY26) Particulars (INR Mn) H2FY26 H2FY25 H1FY25 YoY% HoH% Key drivers for revenue growth - Revenue from sale of finished products Revenue from Operations 1,669.8 1,367.0 1,176.2 42.0 22.2 registered a strong 42.0% YoY growth, supported by sustained volume growth of Total Expendit
Slide 25: Capacity (TPD) & Utilization
Capacity (TPD) & Utilization 72% utilisation reached in H2FY26 on total (enhanced) capacity 80 80 120 120 50 70% 72% 87% 150 94% 150 94% 150 98% 150 150 150 H1FY24 H1FY24 H2FY24 H2FY24 H1FY25 H1FY25 H2FY25 H2FY25 H1FY26 H1FY26 H2FY26 H2FY26 *Capacity is fungible Sangli-I Sangli-II Malkapur Utilisati
Slide 26: Raw Material Sourcing & Volume Growth
Raw Material Sourcing & Volume Growth Raw Material Sourcing Volume (Tons) 8% 11% 18% 25% 92% 1,03,251 89% 82% 75% 71,899 55,458 58,242 40,576 FY23 FY24 FY25 FY26 FY24 FY25 FY26 H2FY25 H2FY26 APMC Direct FY24 FY25 FY26 H2FY25 H2FY26 25 Investor Presentation IIIIIIIII
Slide 27: Revenue Breakup & Top States
Revenue Breakup & Top 5 States Revenue Top 5 States 11% 6% 8% Maharashtra 56% 27% Gujarat 15% 89% 94% 92% Karnataka 10% 73% Tamil Nadu 3% FY23 FY24 FY25 FY26 Uttar Pradesh 3% Domestic Export 26 Investor Presentation IIIIIIIII
Slide 28: Revenue Breakup (Segment & Customer Wise)
Revenue Breakup (Segment & Customer Wise) Segment Wise Industry Wise 7% 8% 9% 9% 6% 6% 6% 6% 2% 14% 14% 17% 18% 4% 6% 15% 15% 13% 12% 9% 25% 23% 22% 23% 55% 24% 33% 32% 34% 33% FY23 FY24 FY25 FY26 Corn Grits Corn Bran Broken Maize Snacks Animal Feed Namkeen Processed Maize Corn Flakes Other Products
Slide 29: Way Forward
WAY FORWARD 28 Investor Presentation IIIIIIIII
Slide 30: Why TBI Corn
WHY TBI CORN Emerging Scaled Play on India’s Fast-Growing Branded Snacks Ecosystem Structural Growth Drivers of the business Rising packaged food penetration. Sangli II facility operationalized. India’s Capacity Branded Growth in regional snack brands. Expansion Snacks Creates Malkapur expansion und
Slide 31: Way Forward
Way Forward Targeting 35% Volume CAGR till FY28 in line with continued capacity expansion. Increasing Exports Targeting Premium Clients & higher margin products Increased focus on automation and hygiene-sensitivity & implementation of FSSC 22000 V6 across plants. Capacity expansion to cater to growi
Slide 32: Annual Financials
ANNUAL FINANCIALS 31 Investor Presentation IIIIIIIII
Slide 33: Annual Performance (Consolidated)
Annual Performance - (Consolidated) Standalone Consolidated Particulars (INR Mn) FY22 FY23 FY24 FY25 FY26 39% Revenue From Operations 1,002.9 1,154.8 1,582.3 2,117.6 3,036.8 REVENUE Consol YoY Total Expenses 978.3 1,050.0 1,404.8 1,880.2 2,688.6 EBITDA 24.5 104.8 177.6 237.4 348.2 EBITDA Margin Othe
Slide 34: Annual Balance Sheet (Consolidated)
Annual Balance Sheet - (Consolidated) Equity & Liabilities (INR Mn) FY25 FY26 Assets (INR Mn) FY25 FY26 Share Capital 181.6 181.6 Fixed Asset 165.5 202.9 Reserves & Surplus 832.4 1,018.4 Right To Use Asset - - Minority Interest - 0.1 Work-In-Progress 72.3 126.8 Total Equity 1,014.0 1,200.1 Other Int
Slide 35: Annexure
ANNEXURE 34 Investor Presentation IIIIIIIII
Slide 36: Annexure 1/3
Annexure…1/3 APEDA HALAL ISO 22000 FIEO ISO 9001 UDYAM FSSAI STAR EXPORT HOUSE 35 Investor Presentation IIIIIIIII
Slide 37: Annexure 2/3
Annexure…2/3 At ITC’s Vendor Meet – Milan 2025 - held in Bangalore, a select group of partners were recognized for their exceptional contributions to ITC’s success. We are proud to share that TBI Corn Ltd has been honored with the Outstanding Vendor Award for our commitment to quality and consistenc
Slide 38: Annexure 3/3
Annexure…3/3 (TBI Maize Processors Pvt Ltd.) On the occasion of the 37th Foundation day of Jawaharlal Nehru Port Authority, our company was awarded by Hon. Shri Sarbananda Sonowal - Cabinet Minister for Ports, Shipping and Waterways. TBI Maize Processors Pvt Ltd is the fastest unit to set up and ope
Slide 39: Thank You!
TBI Corn Limited THANK A 5 / 3-4, M.I.D.C. Miraj, Dist. Sangli, Maharashtra – 416410 (INDIA) KAPTIFY® Consulting YOU ! Strategy & Investor Relations | Consulting Tel: +91-845 288 6099 Email: contact@kaptify.in Website: www.kaptify.in 38