Please find enclosed Transcript of Earning Call held on 25th May 2026

Dollar Industries reported Q4 FY26 operating revenue of INR 622 crores (up 13.2% YoY) with full-year revenue of INR 1,881 crores (up 10%). Volume grew 12% YoY in Q4. Gross margin compressed to 28.1% in Q4 due to a shift in product mix toward the economy segment (47% contribution) and elevated cotton/yarn prices. The company took a calibrated price hike of 4-6% in Q1 FY27 (split April and June) to offset input costs, with management confident no further hikes will be needed as cotton prices stabilize. Operating EBITDA margin was 9.3% in Q4; full-year EBITDA margin stood at 10.6%. The company generated robust operating cash flows of INR 139 crores and reduced the cash conversion cycle to 154 days from 160 days. Project Lakshya Phase 2 has commenced pilot run to deepen retailer activation in existing territories. Quick commerce grew 437% YoY. The company guided to double-digit volume growth and improved margins for FY27, with formal guidance expected in the Q1 earnings call.