Slide 1: Cover letter to National Stock Exchange
Date: 14 November, 2025 NSE SYMBOL: MDL To, National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G-Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400 051 Subject: Investor Presentation Respected Sir / Madam, Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015; Please f
Slide 2: Investor Presentation H1 FY26
Investor Presentation Explore how Marvel Blinds window treatments transform the light into your home or offices, elevating everyday living and add beauty to the mood of your unique space. H1 FY26
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 Marvel Decor Ltd (“Marvel” or “MDL” or "Company“), nor shall part, or all, of this document form the basis of, or be relied on in connection w
Slide 4: Table of content
Table of content 01 About Us 02 Business Overview 03 Financial Performance Highlights 04 Way Forward 05 Industry Overview 06 Annexure Investor Presentation 3
Slide 5: About Us
01 About Us Investor Presentation 4
Slide 6: About Us
About Us 2 Lac Sq. Ft 16+ 10+ Factory at Types of Operating Marvel is a multinational brand specializing Jamnagar, Gujarat Blinds Systems in the window covering industry, delivering innovative solutions while actively driving domestic and international expansion. 350+ 13,000 Sq. ft 2000 Employee Uni
Slide 7: Vision Mission
Vision Mission To Emerge as the foremost Globe Brand, we aim to redefine living By 2030, we endeavor to make significant progress towards realizing environments with innovative window covering solutions, and our vision by seizing opportunities for exponential growth through making a great impact acr
Slide 8: Our journey
Our journey 2000-2014 2015-2017 2018-2019 2020-2023 Our first step into the industry. Evolving into 'Marvel’: A Expanding Horizons and Our first step towards the rest of Manufacturing of Curtain Rods. Remarkable Journey in Blinds Strengthening Global Presence the world Expanded our product
Slide 9: Mr. Ashok R. Paun
Mr. Ashok R. Paun As the visionary behind the company, Mr. Ashok Paun has not only established but also steered the organization. A few years ago, he decided to expand his ambitions and channel his efforts into building a legacy of innovation and excellence. His leadership is characterized by a comm
Slide 10: Mrs. Urmi A. Paun and Ms. Khwahish A. Paun
Mrs. Urmi A. Paun Ms. Khwahish A. Paun Oversees finance, purchasing, and banking services within our A young entrepreneur, has been an integral part of our company for organization. For years, her expertise and strategic oversight have the past four years. Over the last three years, she has taken on
Slide 11: Why Marvel?
Why Marvel? Worlds’ Largest Range 16+ Types of Blinds & 2000+ shade options. Brands Domestic Brand: Marvel International brand: Callistus 10+ Operating Systems 10+ unique operating systems in the blinds – both Manual & Motorised. Dispatch Commitment Fast delivery with 48 hours of Dispatch Commitment
Slide 12: Business Overview
02 Business Overview Investor Presentation 11
Slide 13: Product Suite
Product Suite Roller Blinds Roman Blinds Colby Blinds Luzon Blinds Grayson Blinds Wooden Blinds Patricia Blinds Panel Blinds Sierra Blinds Arcline Blinds Colby Skylight Blinds Roman Skylight Blinds Vertical Blinds Aric Blinds Meliso Blinds Dorren Blinds Investor Presentation 12
Slide 14: Window Covering Product
Window Covering Product or Compatiblewith + or Investor Presentation 13
Slide 15: Operating System
Operating System Compatible with With the help of TaHoma device you can connect your blinds with Amazon Alexa & Google Home or and operate with voice command. Investor Presentation 14
Slide 16: Domestic Presence
Domestic Presence 245+ 26+ Cities State 400+ 200+ Channel Partners Galleries/ Displays Experience Center: Located at Andheri West, Mumbai Factory Unit: Plot No. 211 GIDC Phase II, Jamnagar, Gujarat Investor Presentation 15
Slide 17: International Establishment & Brand
International Establishment & Brand 100% Subsidiaries of Marvel Decor Ltd. Set foot in the Global market with the brand name ‘’Callistus’’. Started the 1st unit in UAE to cater to market of GCC as well as other developed countries. Dubai is the trade fulcrum with its excellent logistics conn
Slide 18: Company Strengths
Company Strengths R&D is emphasized on extensively. The company is in a continuous process of Research & catering to the customer needs & aggresively expanding its’ product Range. Development been at the forefront of exquisitely crafting fascinating Window Covering Products Marvel has created a last
Slide 19: Our Customers
Our Customers Investor Presentation 18
Slide 20: UAE & GCC Projects
UAE & GCC Projects P o r t & C u s t o m s Authority H e a d Office, Dubai AL REFAEE Emirates NBD Bank, J L T L a Villa M e d u s a Restaurant Investor Presentation 19
Slide 21: Signature Projects
Signature Projects Marvel Décor Ltd. Reliance Industries Limited Indian Oil Corporation Multiple Blinds – Manual & Motorized Roller Blinds – Manual AIIMS Hyaat Hotels Luzon Blinds & Hospital Tracks Manual Colby and Wooden Blinds Manual & Motorized Indian Institute of Technology Larsen and Toubro Luz
Slide 22: Signature Projects
Signature Projects Callistus Blinds & Curtains. The S Tower, by Sobha Bvlgari Island Promenade Blinds & Curtain track - Home Automation Dubai, UAE Curtain & track - Motorized Dubai, UAE Six Senses Hotel Intercontinental Hotel Blinds & Curtains - Motorized Operation Palm Jumeirah, Roller blinds – Man
Slide 23: Marquee Projects
Marquee Projects New Parliament Building Investor Presentation 22
Slide 24: Financial Performance Highlights
03 Financial Performance Highlights Investor Presentation 23
Slide 25: Key Highlights H1FY26
Key Highlights H1FY26 Strategic Partnerships & Organizational Product Development Business Expansion Strengthening & Leadership • Lutron Partnership – Collaborated with luxury • Expanded Sales Team to 21 professionals • Developed new product lines tailored for U.S. home automation brand Lutron to su
Slide 26: Half Yearly Income Statement
Half Yearly Income Statement Particulars (INR Mn) H1FY26 H2FY25 H1FY25 YoY% HoH% Revenue 369.7 322.0 309.0 19.6% 14.8% Other Income 16.3 7.9 3.5 366.5% 107.0% Income form Operations 386.0 329.9 312.5 23.5% 17.0% Total Expenditure 344.7 294.4 272.5 26.5% 17.1% EBITDA 41.3 35.5 40.0 3.2% 16.3% EBITDA
Slide 27: Key Annual Charts
Key Annual Charts Total Income EBITDA PAT & PAT Margin (%) (INR Mn) (INR Mn) (INR Mn) 100 45 7% 90 40 6% 6% 6% 80 35 5% 5% 70 30 4% 60 4% 25 50 20 3% 40 15 30 2% 10 20 1% 5 10 428 525 542 643 53 60 72 76 16 23 32 38 0 0 0% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Investor Presenta
Slide 28: Annual Income Statement
Annual Income Statement Particulars (INR Mn) FY21 FY22 FY23 FY24 FY25 Revenue 278.5 412.2 496.7 534.3 631.1 Other Income 8.6 15.9 27.8 7.4 11.4 Total Income from Operations 287.0 428.1 524.5 541.7 642.5 Total Expenditure 251.2 374.9 464.7 472.9 567.8 EBITDA 35.8 53.2 59.8 68.8 74.7 EBITDA Margin (%)
Slide 29: Annual Balance Sheet
Annual Balance Sheet Particulars (INR Mn) FY24 FY25 H1FY26 Particulars (INR Mn) FY24 FY25 H1FY26 Equity & Liabilities Assets & Advances Shareholders' Funds Non Current Assets Share Capital 170.4 177.4 177.4 Property, Plant & Equipment 139.8 162.4 166.2 Intangible Assets 5.5 5.6 5.8 Reserve & Surplus
Slide 30: Way Forward
04 Way Forward Investor Presentation 29
Slide 31: Way Forward
Way Forward Focus on Projects Business Expand domestic footprint Expand and build on the Projects business with Target interior designers & Architects additional products to expand offerings in this category Focus on Building up on the low penetration of Blinds and offer end to end window solution P
Slide 32: Industry Overview
05 Industry Overview Investor Presentation 31
Slide 33: Industry Outlook and Drivers
Industry Outlook Global Market Size: Indian Market Size: UK Market Size: USA Market Size: Curtains & Window Blinds Curtains & Window Blinds Curtains & Window Blinds Curtains & Window Blinds USD 38.9 Bn USD 0.82 Bn USD 1.64 Bn USD 9.39 Bn (2023) (2023) (2023) (2023) 6.6% CAGR 6.6% CAGR 2.6% CAGR 7.6%
Slide 34: Annexure
06 Annexure Investor Presentation 33
Slide 35: Vision Mission Launching
Vision Mission Launching Investor Presentation 34
Slide 36: Experience Center
Experience Center Sales and Marketing office - Mumbai Investor Presentation 35
Slide 37: Exhibition
Exhibition HGH India IIA Mumbai Rajkot Index Index Mumbai Mumbai ACE Tech FOAID Delhi, Mumbai, Ahmedabad, Kolkata, Surat, Hyderabad, Indore, Bangalore, Pune, Raipur, Surat, Hyderabad Jaipur, Chandigarh Smart Home Expo Mumbai Investor Presentation 36
Slide 38: Dealer Engagement
Dealer Engagement Award Ceremonies, along with a Conference at Goa, Mumbai, and Lonavala. Investor Presentation 37
Slide 39: There is No I in Team
There is No “I” in Team Investor Presentation 38
Slide 40: Together Everyone Achieves More
T Ogether E Very one A chieves M ore Investor Presentation 39
Slide 41: Let's Connect
Mumbai Office : Remi Commercio, 1601, A-wing, Let’s Opposite Yashraj Studio, Andheri west – 400053 Mumbai Connect Marvel Decor Ltd Plot No. 210-211, G. I. D. C Phase , Dared, Jamnagar – 361 004, Gujarat, India