Aditya Vision Ltd. · NSE:AVL
Aditya Vision — Q1 FY27 Earnings Presentation
33 slides from Aditya Vision's earnings presentation, Jul 31, 2026
Slide 1: Submission of Investor Presentation to BSE and NSE
R Aditya Vision Limited R R R Date- July 31, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai-400 001 Mumbai- 400051 Scrip Code: 540205 Symbol-AVL Sub:- Submission of Investor Presentation Dear
Slide 2: Investor Presentation Q1 FY27, July 2026
INVESTOR PRESENTATION Q1 FY27, JULY 2026
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 Ree ae TT > 1 FY27 HIGHLIGHTS Serving Uttar Pradesh aa Induction CHHATTISGARH adhe Retigerator Expanding in Sharkhand @ crowing in ‘Chhattisgarh Q1 FY27 INVESTOR PRESENTATION
Slide 5: Q1FY27: Robust Execution
Q1FY27: Robust Execution Execution-Led Growth Sustained Earnings Momentum • Revenue grew 26.8% YoY, EBITDA rose 38.7% YoY, EBITDA margin improved to 10.4%, and PAT increased 40.0% YoY, reflecting strong execution. Diversified Regional Franchise • Expanded to 210 stores, with balanced sale mix across
Slide 6: Demand Environment Remained Challenging
Demand Environment Remained Challenging East India saw weaker temperatures, while UP's strong heat supported resilient sales performance East remained 5–8°C cooler than North/Central during most of April & May; Geographic Mix Favors Aditya Vision Temperatures improved late June West Central East Sou
Slide 7: Real Bharat, Real Impact
Real Bharat, Real Impact Sentiment, not income, became the key constraint Petrol Pump Limit on Purchases Interpreting Public Messaging LPG Cylinder Availability (> Rs.1,000) perceived as fuel supply 1 on Gold as a Cue to “Spend Less, Save 2 Concerns shortages shifted spending 3 uncertainty leading h
Slide 8: Financials: Consistent Compounding
Financials: Consistent Compounding Gaining market share (Rs. Cr) Revenue EBITDA PBT PAT 26.8% 38.7% 40.1% 40.0% 1,193 124 77 940 103 Q1FY27 90 55 73 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Margins 9.5% 10.4% 7.8% 8.6% 5.9% 6.5% 7
Slide 9: Q1 FY27 Financial Performance
Q1 FY27 Financial Performance Particulars (Rs. Cr) Q1FY27 Q1FY26 YoY% Q4FY26 QoQ% Revenue from Operations 1,193 940 26.8% 625 90.8% COGS 1,001 796 25.7% 525 90.7% Gross Profit 192 144 33.1% 100 91.6% Gross Margin % 16.1% 15.3% 75 bps 16.0% 7 bps Other Expenses 67 54 23.7% 50 35.8% EBITDA 124 90 38.7
Slide 10: The Hindi Heartland Playbook to cover 31% of India's population
The Hindi Heartland Playbook to cover 31% of India's population State-by-State Conquest Till FY21 FY22 FY23 FY26 FY27 Madhya Pradesh & Bihar Jharkhand Uttar Pradesh Chhattisgarh West Bengal Founding state Entered FY22 Entered FY23 Entered FY26 Planned entry 120 STORES 33 STORES 54 STORES 3 STORES (P
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Slide 12: Aditya Vision at a Glance
Aditya Vision at a Glance Patna Showrooms Retail footprint as Headquarters 210 As on 30th Jun 4,420+ Avg store size (sq ft) ~9.3 Lakh Sq ft of Q1 FY27 50%+ Mkt Share 100% Retail In Bihar as per Crisil Report Sales Largest Electronic Retailer 100+ in Jharkhand Long Term Relationships with OEMs 1st Co
Slide 13: Aditya Vision – Sambandh Bharose ka
Aditya Vision – Sambandh Bharose ka FY 2026: Started expanding in Western UP & Chhattisgarh FY 2025: Listed on NSE, Started expanding in Central UP FY 2024: First fund raise after IPO from the one of the World’s largest FII – 2,672 Capital Group Opened 18 stores in UP in one year, Crossed 100 stores
Slide 14: Unique Business Model
Unique Business Model OEM Customer Strong Financial Expanding Supply Service Management Footprint • 85% Direct OEM • Aditya Seva - One- • Low debt balance • Bihar - 120 stores Supply leading to stop solution for sheet • Jharkhand - 33 stores higher margins after-sales services • Operates on a cash -
Slide 15: Store Unit Economics At A Glance
Store Unit Economics At A Glance Rs 80-90 lacs 210 13-15% Average Capex per Store Stores in Bihar + Jharkhand + UP + Gross Margin Range Chhattisgarh Rs 2.75 – 3.00 Cr 6 - 12 months 3 years Average Working Capital per Store Average Store Level Break Even Payback Period Rs 1.11 Cr (in FY26) Rs 41,000+
Slide 16: 2X stores in Just 3 Years
2X stores in Just 3 Years. Doubling in 3 Years – and why profitability will follow Our Store Growth Journey FY99–FY23 | 24 YRS FY24-FY26 | JUST 3 YEARS Increase Decrease Total OPEX IMPACT (SHORT TERM) New stores take ~3 years to mature 32 207 YEAR 1 Setup & Ramp-up | Achieving breakeven 30 40 YEAR 2
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Slide 18: Historical Financial Highlights
Historical Financial Highlights (Rs. in Cr) Revenue EBITDA & EBITDA Margins PAT & PAT Margins CAGR: 29% CAGR: 35% CAGR: 31% 228 117 204 105 2,672 167 2,260 77 133 64 1,743 10.1% 9.6% 1,322 83 35 4.9% 4.7% 899 4.4% 4.4% 9.2% 9.0% 8.5% 3.9% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 F
Slide 19: Historical Annual Financials and Operational Performance
Historical Annual Financials and Operational Performance Inventory Days** Payable Days** Working Capital Days 45 124 98 108 91 98 91 77 83 26 66 53 17 18 13 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 *Receivable Days are less than 0 since the Company has negligible Tr
Slide 20: Here
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Slide 21: 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 Indian Consumer Durables Market Growth (Rs Bn) % of Monthly Per Capita Consumption Expenditure on Consumer Durables Rural Urban CAGR ~9-11% CAGR ~12% 7.0% 6.6% 8600 6150 4
Slide 22: Low Penetration and Rising premiumization is in favor of AVL
Low Penetration and Rising premiumization is in favor of AVL Penetration in India (%) 4-star and 5-star Acs with 2 tons Demand for Fully Automated WMs and capacity higher in demand Washer Dryers continuously rising (In INR Bn) (In INR Bn) Air Refrigerator Washing Television Water ~250 ~640 ~220 ~340
Slide 23: 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 24: Hindi Heartland – Engine for Aditya Vision's Sustainable Growth
Hindi Heartland– Engine for Aditya Vision’s Sustainable Growth UTTAR PRADESH BIHAR JHARKHAND CHHATTISGARH • Largest state population with ~24Cr • Bihar is 9% of India’s Population at 13.07cr; • Cumulative FDI inflows of US$2.8 bn (as of • ~3.1 Cr population accounting for ~17% of India’s population
Slide 25: Market Penetration & Opportunity in Hindi Heartland
Market Penetration & Opportunity in Hindi Heartland Source: www.statsofindia.in , Business Standard 24 Note: The underlying data is from 2022. While absolute values have changed since, the percentage trends remain broadly in-line.
Slide 26: Rising Prosperity in Underpenetrated Hindi Heartland
Rising Prosperity in Underpenetrated Hindi Heartland Note: The underlying data is from 2022. While absolute values have changed since, the percentage trends remain broadly in-line. 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 ~3.9x ~2.8x ~2.3x ~2.3x ~2.1x ~1.6x ~1.4x FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY28 (P) Uttar Pradesh Madhya Pradesh Chhattisgarh Bihar Jharkhand Maharashtra Gujarat Source: Central Electricity Authority, M
Slide 28: Here
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Slide 29: Our Trade Partners and Consumer Finance Partners
Our Trade Partners Our Consumer Finance Partners ~53% Sales Financed in FY26 28
Slide 30: 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, Chairman and • Promoter and Whole-time • Promoter and Whole-time • Founder,
Slide 31: 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
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Slide 33: Thank You
- THANK YOU —— 3iteedr fast For Further information, please contact: Aditya Vision Ltd. Ms. Akanksha Arya-Company Secretary Tel: +91-6122520854 Email: cs@adityavision.in www.adityavision.in Investor Relations Contact: Garima Singla - Research Analyst Tel: +91-9780042377 Email: garima@goindiaadvisors