Slide 1: Aditya Vision Limited
R Aditya Vision Limited R R R Date- August 01, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai-400001 Mumbai- 400051 Scrip Code: 540205 Symbol-AVL Sub- Submission of Investor Presentation Dear
Slide 2: Investor Presentation Q1 FY26, August 2025
Investor Presentation Q1 FY26, August 2025
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), have been prepared by Aditya Vision Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities and shall not form the
Slide 4: Contents
Contents Q1 FY26 Highlights Business Overview Historical Performance Industry Overview Appendix Q1 2026 Investor Presentation
Slide 5: Coolest Summer in last 6 Decades
Coolest Summer in last 6 Decades.. Unseasonal Rains & Low Temperatures Disrupt Seasonal Demand Surge Rainfall Trend (Mar-Jun) Temperature Trend (Mar-Jun) 223 37.6 215 198 37 36.4 157 155 145 35.1 34.8 34.5 Uttar Pradesh Bihar Jharkhand Uttar Pradesh Bihar Jharkhand Received Rainfall (mm) Normal Rece
Slide 6: Q1FY26: Resilient Execution
Q1FY26: Resilient Execution Timely action to optimise spends to counter weak demand. Store expansions on track. Resilient Performance Despite Weather Headwinds • Q1 Revenue rose 6% YoY, despite the coldest summer in 60+ years dampening cooling product demand in key markets like Bihar, Jharkhand, and
Slide 7: Q1FY26 Financials: Weathering the Storm
Q1FY26 Financials: Weathering the Storm Gaining market share Q 1 F Y 2 6 (Rs in Cr) Revenue EBITDA PBT PAT 5.8% 5.4% 2.2% 3.9% 940 889 90 85 72 73 53 55 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Margins 9.6% 9.5% 8.1% 7.8% 6.0% 5.9% 6
Slide 8: Q1 FY26 Financial Performance
Q1 FY26 Financial Performance Particulars (Rs in Cr) Q1FY26 Q1FY25 YoY% Q4FY24 QoQ% Revenue from Operations 940.2 888.8 5.8% 486.7 93.2% COGS 796.1 753.5 5.6% 404.1 97% Gross Profit 144.2 135.3 6.6% 82.6 74.5% Gross Margin % 15.3% 15.2% 11 bps 17.0% -164 bps Other Expenses 54.4 50.2 8.6% 40.3 35.1%
Slide 9: Positioned to Deliver
Positioned to Deliver Built on Consistency, Geared for the Future Expanded to Central UP; scaling across Hindi Heartland via Creeping 167 204cr Cluster in 3–5 years Reinvesting growth capital and cashflows at high 2,260cr 42cr ROIC to capture the Hindi Heartland opportunity 748cr Focus on scaling pr
Slide 10: FY25: Outpacing Goals; Redefining Success
FY25: Outpacing Goals; Redefining Success A benchmark year—delivering beyond expectations across metrics. Opened 30 new Stores in 2,260Cr 6.3% FY25, Store count touched Revenue PBT Margins 175 as on 31st March (36% CAGR FY22-FY25) (49% CAGR FY22-FY25) Healthy Revenue Growth of 30% YoY 175 4.7% Store
Slide 11: Contents
Contents Q1 FY26 Highlights Business Overview Historical Performance Industry Overview Appendix Q1 2026 Investor Presentation
Slide 12: Aditya Vision at a Glance
Aditya Vision at a Glance Patna Showrooms Retail footprint as Headquarters 179 As on 3oth Jun 4,250+ Avg store size (sq ft) 765,000 Sq Ft of Q1FY26 50%+ Mkt Share 10,000+ In Bihar as per Crisil Report Products sold at our Outlets Largest Electronic Retailer 100% Retail in Jharkhand Sales 1st Consume
Slide 13: Aditya Vision – Sambandh Bharose ka
Aditya Vision – Sambandh Bharose ka 2025: Listed on NSE, Started expanding in Central UP 2024: First fund raise after IPO from the one of the World’s largest FII – Capital Group Opened 18 stores in UP in one year, Crossed 100 stores in Bihar 2016: 1st Consumer Electronics Company to 2023: Started ex
Slide 14: Our Driving Principles
Our 5 Driving Principles Customer-centric approach based on providing Best Range, Lowest Price, Fast Installation and Great After Sales Service Large Supplier base (Brands) selling their products at Scale Scaling up business to pass on better prices to customers and create a relationship of a lifeti
Slide 15: Unique Business Model
Unique Business Model OEM Customer Strong Financial Expanding Supply Service Management Footprint • 85% Direct OEM • Aditya Seva - One- • Net debt free • Bihar - 113 stores Supply leading to stop solution for balance sheet • Jharkhand - 30 stores higher margins after-sales services • Operates on a c
Slide 16: Store Unit Economics At A Glance
Store Unit Economics At A Glance Rs 70-80 lacs 179 13-15% Average Capex per Store Outlets in Bihar + Jharkhand + UP Gross Margin Range Rs 2.75 – 3.00 Cr 7 - 9 months 3 years Average Working Capital per Store Average Store Level Break Even Payback Period Rs 1.10+ Cr (in FY25) Rs ~45,000 Rs ~2,100 Pro
Slide 17: Business Economics
Business Economics (% of Sales) FY20 FY21 FY22 FY23 FY24 FY25 Gross Margin (%) 11% 12% 16% 16% 16% 16% Gross Margin has increased with scale Employee Cost 3% 3% 3% 3% 3% 3% Low store-level employee cost Rent* 1% 2% 2% 2% 2% 2% Average rent of Rs 2.25-2.50 lacs p.m/store Advertisement & 1% 1% 1% 1% 1
Slide 18: Strategic Focus on Hindi Heartland Region
Strategic Focus on Hindi Heartland Region Present States Uttar Pradesh 36 STORES (In 21 cities; 21 Districts Covered out of 75 Districts) BIHAR 113 STORES (Present in 69 cities in all 38 districts) JHARKHAND 30 STORES (In 23 cities; 21 Districts Covered out of 24 Districts) People living in Bihar, J
Slide 19: Contents
Contents Q1 FY26 Highlights Business Overview Historical Performance Industry Overview Appendix Q1 2026 Investor Presentation
Slide 20: Historical Financial Highlights
Historical Financial Highlights (Rs. in Cr) Revenue EBITDA & EBITDA Margins PAT & PAT Margins CAGR:36% CAGR:35% CAGR:44% 204 105 2,260 167 77 1,743 133 64 1,322 10.1% 9.6% 83 899 35 4.9% 4.7% 4.4% 9.2% 9.0% 3.9% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 EBITDA Margins PAT Margins N
Slide 21: Historical Annual Financials and Operational Performance
Historical Annual Financials and Operational Performance Inventory Days** Payable Days** Working Capital Days 108 45 91 98 77 91 83 66 53 17 18 13 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 *Receivable Days are less than 0 since the Company has negligible Trade Receivables **Payable
Slide 22: Contents
Contents Q1 FY26 Highlights Business Overview Historical Performance Industry Overview Appendix Q1 2026 Investor Presentation
Slide 23: Powering India's Retail Surge: Driving Consumer Spending Growth
Powering India's Retail Surge: Driving Consumer Spending Growth Increased household spending on consumer durables over the years Consumer Durables Market Growth (Rs Trn) % of Monthly Per Capita Consumption Expenditure on Consumer Durables Rural Urban CAGR 11-15% CAGR 8% 7.0% 6.6% 5.1 3.1 3.6 4.3% 2.
Slide 24: Low Penetration and Rising Premiumization is in Favor of AVL
Low Penetration and Rising premiumization is in favor of AVL Penetration in India (%) Demand for Fully Automated Share of Split ACs is on a rise WMs continuously rising Window Split Semi Fully ~10% ~35% ~13% ~74% ~5-10% 73% 57% 62% 81% 43% 38% 27% 19% AC Refrigerator Washing Television Water FY22 FY
Slide 25: Market Penetration & Opportunity in Hindi Heartland
Market Penetration & Opportunity in Hindi Heartland Source: www.statsofindia.in , Business Standard 24
Slide 26: Rising Prosperity in Underpenetrated Hindi Heartland
Rising Prosperity in Underpenetrated Hindi Heartland 25
Slide 27: Electricity Consumption Growth In Hindi Heartland States to Outpace Other States
Electricity Consumption Growth In Hindi Heartland States to Outpace Other States ~2.9x 293% ~2.3x 226% ~2.1x 208% ~1.7x 170% 166% ~1.7x 100% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY27P Bihar Jharkhand Uttar Pradesh Maharashtra Gujarat Source: Central Electricity Authority, MoSPI; Ministry of
Slide 28: Hindi Heartland– Engine for Aditya Vision’s Sustainable Growth
Hindi Heartland– Engine for Aditya Vision’s Sustainable Growth Attractive economics India’s 3rd largest economy - 8% contribution to National GDP of Bihar and Jharkhand Ranked 11th in India in terms of FDI inflows Bihar is 9% of India’s Population at 13.07cr; second largest in India UTTAR Surpassed
Slide 29: Shift from Unorganised to Organised
Shift from Unorganised to Organised: Aditya Vision is well positioned to benefit Rapid Shift from Overall Un-Organised to Organised sector in Indian Consumer’s Durable Industry Organised Unorganised 23% 51% 42% 77% 49% 58% FY16 FY21 FY27P Organised Sector to Grow Faster than Overall Consumer Electro
Slide 30: Contents
Contents Q1 FY26 Highlights Business Overview Historical Performance Industry Overview Appendix Q1 2026 Investor Presentation
Slide 31: Our Trade Partners / Our Consumer Finance Partners
Our Trade Partners Our Consumer Finance Partners ~43% Sales Financed in FY25 30
Slide 32: Board of Directors
Board of Directors Yashovardhan Sinha Nishant Prabhakar Yosham Vardhan Sunita Sinha Rashi Vardhan Chairman & Managing Director Whole Time Director Whole Time Director Non-Executive Director Non-Executive Director • Promoter and Whole-time • Promoter and Whole-time • Founder, Promoter and • Seasoned
Slide 33: Independent Directors
Independent Directors ` Ravinder Zutshi Nusrat Syed Hassan Atul Sinha Apeksha Agiwal Rahul Kumar Independent Director Independent Director Independent Director Independent Director Independent Director • 45+ years of • Managing Director at • 35+ years at UCO • Highly qualified • Qualified profession
Slide 34: In-Store Photo Gallery
In-Store Photo Gallery VOLTAS a
Slide 35: Thank You
For further information, please contact: Aditya Vision Ltd. Ms. Akanksha Arya-Company Secretary Tel: +91-612-2520854 Email: cs@adityavision.in www.adityavision.in Investor Relations Contact: Garima Singla – Research Analyst Tel: +91-9780042377 Email: garima@goindiaadvisors.com Sheetal Khanduja – Hea