Kusumgar Ltd. · NSE:KUSUMGAR
Kusumgar — Q2 FY27 Earnings Presentation
25 slides from Kusumgar's earnings presentation, Nov 5, 2026
Slide 1: Intimation of Earnings Presentation to Stock Exchanges
Date: November 5, 2026 To, To, BSE Limited National Stock Exchange of India Ltd P J Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort, Mumbai – 400001 Bandra (East), Mumbai – 400051 Scrip Code: 544821 Trading Symbol: KUSUMGAR Dear Sir/Madam, Sub: Intimation of Earnings Presentation fo
Slide 2: Kusumgar Ltd Earnings Presentation Q2 FY27
Kusumgar Ltd | Earnings Presentation Q2 FY’ 27
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Kusumgar Limited (the “Company”) for general information purposes only. The information contained herein is based on sources believed to be reliable and information available as of the date of this presentation. While reasonable care has been taken i
Slide 4: Financial Highlights
Financial Highlights Kusumgar Ltd. | Q2 FY27
Slide 5: Management Commentary - Operating Performance: Q2 FY27
Management Commentary - Operating Performance: Q2 FY27 Management Commentary - Operating Performance: Q2 FY27 Revenue • Revenue up 81% YoY to ₹2,509 Mn (vs ₹1,388 Mn), up 1% QoQ (vs ₹2,472 Mn), as quarterly revenue normalised in line with our Q1 commentary • H1 FY27 revenue up 91% YoY to ₹4,982 Mn (
Slide 6: Financial Summary for FY'27 Q2
Financial Summary for FY’27 Q2 (₹ in millions) Q-o-Q Performance Quarterly Y-o-Y Half Yearly Y-o-Y Particulars Q2 FY27 Q1 FY27 QoQ Q2 FY26 YoY H1 FY27 H1 FY26 H1 YoY FY26 Revenue 2,509 2,472 1% 1,388 81% 4,982 2,612 91% 6,920 Other Income 41 14 200% 20 110% 55 58 -6% 198 Total Income 2,551 2,486 3%
Slide 7: Financial Performance
Financial Performance Quarterly Y-o-Y Performance Revenue (₹ in millions) EBITDA (₹ in millions) PAT (₹ in millions) 713 406 2,509 +96% 81% 132% 272% 1,388 308 109 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Yearly Y-o-Y Performance Total Income (₹ in millions) EBITDA (₹ in millions) PAT (₹ in m
Slide 8: Company Overview
Company Overview
Slide 9: Kusumgar at a Glance
Kusumgar at a Glance Textile forward materials and solutions focused on aerospace & defence Listed on NSE & BSE From raw materials to July 2026 solutions Innovation in materials, Continuous effort to enter chemistry and integrated high technology areas solutions Widely talented team World-class prod
Slide 10: Our Executive Summary
Our Executive Summary Our Executive Summary Technology-led aerospace & defence focused company • Design, develop and integrate mission-critical systems: aerial delivery, CCD, custom solutions, etc. • We develop the underlying materials, chemistry, process know-how, giving us control on performance f
Slide 11: Core Focus on Innovation
Core Focus on Innovation In-house materials and chemistry underpin product development across specialised applications Product Rapid prototyping & Development testing Our products are built on materials Laboratory set-up supports quick & chemistry developed in-house prototyping and testing Specialis
Slide 12: Our Manufacturing Footprint
Our Manufacturing Footprint Vertically integrated capabilities Kosamba Materials Chemistry Systems Testing Kothwa Karanj • Yarn preparation & • Processing, dyeing, • Design, cutting & • Mechanical & weaving coating & lamination assembly Physical Testing Valsad • Fine-denier polyamide, • Multispectra
Slide 13: Our Competitive Advantage
Our Competitive Advantage Our Competitive Advantage Know-how Qualification Partnerships 50+ years of accumulated material Multi-year testing and approval Exclusive arrangements with global and process expertise, compounded cycles. Once qualified, embedded and leaders give access to design, IP and wi
Slide 14: A capability stream that keeps widening
A capability stream that keeps widening Kusumgar Ltd. | Q2 FY27 Ongoing efforts to expand into new high technology areas
Slide 15: How our Business is Organised
How our Business is Organised How our Business is Organised Aerospace & Defence Aerospace & Defence Industrial & Automative Outdoor & Lifestyle Fabrics Solutions Fabrics Fabrics • Aerial delivery & recovery • Parachute & Lighter-Than- • Automotive & industrial • Performance fabrics for systems Air (
Slide 16: Illustrations of our Aerospace and Defence Solutions
Illustrations of our Aerospace and Defence Solutions Illustrations of our Aerospace and Defence Solutions Aerial Systems Tactical Assault Parachute Systems Cargo Drop Parachutes Recovery Parachute Systems Stealth Systems 2D/ 3D Multispectral Camouflage Nets Ghillie Suits Decoys Kusumgar Ltd. | Q2 FY
Slide 17: Illustrations of our Aerospace and Defence Fabrics
Illustrations of our Aerospace and Defence Fabrics Tactical Clothing & Specialty Gear Fabrics Parachute Fabrics Rain Wear Ruck Sacks & Kit Bags Modular Lightweight Load-Carrying Cold Weather Clothing Sleeping Bags Equipment Kusumgar Ltd. | Q2 FY27
Slide 18: Illustrations of our Industrial & Outdoor Fabrics offerings
Illustrations of our Industrial & Outdoor Fabrics offerings Industrial & Automotive Fabrics Mechanical Rubber Goods Tape Backings Custom Fabrics Inflatable Fabrics Fabrics Outdoor & Lifestyle fabrics Athleisure Rainwear Winter Wear Workwear Kusumgar Ltd. | Q2 FY27
Slide 19: Three major structural tailwinds for Kusumgar
Three major structural tailwinds for Kusumgar Growth and indigenisation of the Indian A&D industry • Defence budget increased 15% to ₹7.85 lakh Cr; record production of ₹1.78 lakh Cr in FY26 (+16%) • ~75% of ₹1.85 lakh Cr FY27 acquisition budget earmarked for Indian industry • Space sector opened to
Slide 20: Investor Q&A
Investor Q&A Q&A Questions from analysts are answered in our investor Q&A, filed with these results. The Q&A gives every shareholder the same information at the same time. Kusumgar Ltd. | Q2 FY27
Slide 21: Thank you
Thank you Thank you Kusumgar Ltd. 101, Manjushree, V.M. Road, Vile Parle (W), Mumbai 400 056, India +91 22 61125100 +91 22 26115611 info@kusumgar.com www.kusumgar.com Kusumgar Ltd. | Q2 FY27 Private and Confidential
Slide 22: Kusumgar Limited – Investor Q&A, Q2 FY27
Kusumgar Limited – Investor Q&A, Q2 FY27 This Q&A answers the probable questions from analysts and investors. It is filed with the stock exchanges together with our results for the quarter and half year ended 30 September 2026, so that all shareholders receive the same information at the same time.
Slide 23: Investor Q&A: One-offs, Business and Positioning
6. Were there any one-off items for H1FY27? We made an expected credit loss (ECL) provision of ₹6.7 Cr, in line with our ECL policy. The provision relates to government receivables, which shall be reversed when the amount is collected. Business and positioning 7. How would you describe Kusumgar toda
Slide 24: Investor Q&A: Indigenisation, Supply Chain, Currency Risk
13. How indigenous are your products? What is your import content? Fabric development, manufacturing, fabrication, integration and testing are done in India, at our own facilities. Some specialised inputs are imported. Imported materials were 38.91% of materials consumed in FY26, against 27.92% in F
Slide 25: Investor Q&A: Promoter Holding and Written Q&A
20. What is the promoter holding? Are any shares pledged, and when do lock-ins end? At listing, the promoters held about 74.7%, and none of their shares were pledged. Under SEBI rules, 20% of the post-IPO capital held by promoters is locked in for 18 months from allotment, and the balance for six mo