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October 28th,2026 Investor Presentation Q2 FY’27
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Disclaimer The material that follows is a Presentation of general background information about the activities of Bajaj Electricals Limited (“Company”) or its subsidiary or joint venture, or associate (together with the Company, the “Group”) as at the date of the Presentation or as otherwise indicated. It is information given in summary form and does not purport to be complete, and it cannot be guaranteed that such information is true and accurate. This Presentation has been prepared by and is the sole responsibility of the Company. By accessing this Presentation, you are agreeing to be bound by the trading restrictions. It is for general information purposes only and should not be considered as a recommendation that any investor should subscribe to or purchase the Company’s equity shares or other securities. This Presentation includes statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “anticipates”, “believes”, “estimates”, “expects”, “intends”, “may”, “plans”, “projects”, “seeks”, “should”, “will”, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, aims, objectives, goals, future events or intentions. These forward- looking statements include all matters that are not historical facts. They appear in a number of places throughout this Presentation and include statements regarding the Company’s intentions, beliefs, or current expectations concerning, amongst other things, its results or operations, financial condition, liquidity, prospects, growth, strategies, and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The factors which may affect the results contemplated by the forward-looking statements could include, among others, future changes or developments in (i) the Group’s business, (ii) the Group’s regulatory and competitive environment, and (iii) political, economic, legal, and social conditions in India or the jurisdictions in which our Group operates. Forward-looking statements are not guarantees of future performance, including those relating to general business plans and strategy of the Company, its future outlook and growth prospects, and future developments in its businesses and its competitive and regulatory environment. No representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts, if any, are correct or that the objectives of the Company will be achieved. There are some important factors that could cause material differences to the Company’s actual results. These include (i) our ability to successfully implement our strategy, (ii) our growth and expansion plans, (iii) changes in regulatory norms applicable to the Company, (iv) technological changes, (v) investment income, (vi) cash flow projections, etc. The Company, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness, or correctness of any information or opinions contained herein. The information contained in this Presentation, unless otherwise specified, is only current as of the date of this Presentation. The Company assumes no responsibility to publicly amend, modify, or revise any forward-looking statements, on the basis of any subsequent development, information, or events, or otherwise. Unless otherwise stated in this Presentation, the information contained herein is based on management information and estimates. This document is just a Presentation and is not intended to be and does not constitute a“prospectus” or “offer document” or a “private placement offer letter” or an “offering memorandum” or an “offer” or a solicitation of any offer to purchase or sell any securities. 2
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Table of Contents 3 01 Q2 FY’27 – Performance Overview 02 Financial Highlights 03 Business Highlights
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Q2 FY’27 | Performance Overview 4C&CE: Cash & Cash Equivalents | GT: General Trade REVENUE c.1.5% YoY growth GROSS MARGIN c.31.9% Q2 FY’27 EBIT MARGIN c.4.4% Q2 FY’27 CASH & CASH EQUIVALENTS c.INR 845 Cr As on September 30, 2026 Core FMEG Performance Growth in Consumer Products (CP), offset by degrowth in Lighting Solutions (LS) • Consumer Products (CP) Segment: c.2% growth on YoY basis on account of Kitchen & Domestic Appliances; largely offset by Fans and MR • Lighting Solutions (LS) Segment: c.1% decline on YoY basis; growth in Consumer Lighting being offset by Professional lighting drop CHANNEL HIG HL IG HT S • GT witnessed a drop of c.3% on YoY basis • Alternate channel grew by c.7% YoY basis, Double digit growth in E-com, Exports grew in high double digit CASH PO SIT IO N Strong Balance Sheet with C&CE and surplus investments to the tune of c.INR 845 Cr Q U A R T E R A T A G L A N C E
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Table of Contents 5 01 Q2 FY’27 – Performance Overview 02 Financial Highlights 03 Business Highlights
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Cost optimization •High overheads – compared to competition •Heavy on fixed cost (some examples) •Ability to absorb sales loss low 🡪sensitivity analysis •Hence focus on •Vare cost •Spend as you earn •Ring-fencing cost Q2 FY’27 | Profit & Loss Statement 6 Particulars Q2 FY’27 Q2 FY’26 YoY (%) Q1 FY’27 Revenue from Operations 1,123 1,107 1.5% 1,089 Less : COGS 765 755 1.3% 738 Gross Margin 358 352 1.8% 352 Staff Cost 86 107 (19.6%) 97 Other Expenses 206 183 12.2% 177 Depreciation and Amortization 30 37 (17.4%) 31 Add : Other Income 13 8 70.3% 26 EBIT 50 33 51.2% 72 As % of Revenue 4.4% 3.0% 6.6% Less : Finance Cost 15 13 21.1% 16 Profit Before Exceptional Items and Taxes 34 20 70.0% 56 Less: Exceptional Items and Losses from JV 1 (5) 9 PBT 35 16 127.4% 66 Less: Taxes 9 6 17 PAT 26 10 48 As % of Revenue 2.3% 0.9% 4.4% COMMENTARY C O M M E N T A R Y Revenue: 1) Consumer Products Growth in Appliances offset by degrowth in Fans & MR 2) Lighting Solutions Growth in Consumer Lighting offset by degrowth in Professional Lighting Staff Cost – phasing impact Other Expenses – A&P investments c. 3.8% of revenues up by 150bps YoY Finance Cost - Includes interest on vendor financing to the tune of c. INR 10 Cr and interest on lease liability of c. INR 3 Cr Other Income – Treasure Yield c. INR 8 Cr Results - • EBIT up by 1.5x, • PBT up by 2x (INR Cr) F I N A N C I A L H I G H L I G H T S
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Cost optimization •High overheads – compared to competition •Heavy on fixed cost (some examples) •Ability to absorb sales loss low 🡪sensitivity analysis •Hence focus on •Vare cost •Spend as you earn •Ring-fencing cost Q2 FY’27 | Segment Details 7 *Includes other un-allocable income & expense SEGMENT REVENUE Particulars Q2 FY’27 (Cr) Q2 FY’26 (Cr) YoY (%) Q1 FY’27 (Cr) Consumer Products 853 833 2.4% 820 Lighting Solutions 271 274 (1.3%) 269 Total Revenue 1,123 1,107 1.5% 1,089 SEGMENT RESULTS Particulars Q2 FY’27 Q2 FY’27 Q2 FY’26 Q2 FY’26 Q1 FY’27 Q1 FY’27 EBIT (Cr) EBIT (%) EBIT (Cr) EBIT (%) EBIT (Cr) EBIT (%) Consumer Products 34 4.0% 7 0.9% 32 3.9% Lighting Solutions 8 3.1% 22 7.9% 18 6.7% Total * 50 4.4% 33 3.0% 72 6.6% Consumer Products Segment: • Double - digit growth in Kitchen Appliances (strong growth – induction cookers) • Double –digit growth in Water Heaters and Steam Irons • Degrowth in MR & Fans (however, premium and BLDC has shown growth significantly on YoY basis) EBIT margins – Improvement in overall margin quality, Q2 Margins at c. 4% (adjusted for incremental brand investments margins are at 5.6%) Lighting Solutions Segment: • Double – digit growth in Consumer Lighting on back of new categories – Wires & Switchgear • Degrowth in Professional Lighting due to phasing in the timing of the projects EBIT margins – Lower on account of product mix impact and operating deleverage COMMENTARY F I N A N C I A L H I G H L I G H T S
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Cost optimization •High overheads – compared to competition •Heavy on fixed cost (some examples) •Ability to absorb sales loss low 🡪sensitivity analysis •Hence focus on •Vare cost •Spend as you earn •Ring-fencing cost H1 FY’27 | Cash Flow Summary 8 Cash Flow Summary Particulars H1 FY’27 (Cr) Profit Before Tax 101 Adjustments For: • Non – Cash Items 55 • (Increase) / Decrease in Working Capital (179) Taxes Paid (27) Net Cash from Operating Activities (A) (50) Capital Expenditure (net of sale proceeds) 24 Surplus funds invested - Interest received 12 Net Cash (used in) /from investing activities (B) 36 Payment of Lease Liabilities (20) Interest Paid (31) Dividend Paid (35) Net Cash (used in) /from financing activities (C) (86) Net increase / (decrease) in Cash & Bank balances (100) Opening Balance of Cash/Bank Balances 222 Closing Balance of Cash/Bank Balances 122 Cash Flow from Operating Activities (A): • EBITDA: Generated c. INR 164 Cr • Working Capital: Deployed c. INR 179 Cr mainly into inventories c. INR 171 Cr (seasonal categories) • Taxes: c. INR 27 Cr Cash Flow from Investing Activities (B): • Capex: Sale proceeds from certain immovable properties c. INR 27 Cr Cash Flow from Financing Activities (C): • Dividend: Paid @ INR 3/share amounting to c. INR 35 Cr COMMENTARY F I N A N C I A L H I G H L I G H T S
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Table of Contents 9 01 Q2 FY’27 – Performance Overview 02 Financial Highlights 03 Business Highlights
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New Launches *No. of SKUs • Sleekest compact design in its class • Starting from INR 1,999 resulting in savings of INR 8,000+ in electricity bill • Speed – 350 RPM • Air Delivery – 215 CMM • Range of 6 unique shades • BEE rating: 5 Star • 2-year Warranty B U S I N E S S H I G H L I G H T S Consumer Products 18 LAUNCHES* Bajaj Majesty Pro Horizontal Suitable for high rise building Shock resistant & Rust proof thermoplastic body Glamore 3 Jar 1000W Lid Lock on Wet Jar 2-in-1 function blade in dry jar Warranty: 2 Years Product & 5 Years Motor GX-8 750W 4 Jar (E-Com Exclusive) 2-in-1 function blade in dry jar 1L Juicer Jar Warranty: 2 Years Product Bajaj Prohot Ultra-Compact design Efficient 3KW heating element Stainless Steel tank for long lasting durability
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New Launches • Sleekest compact design in its class • Starting from INR 1,999 resulting in savings of INR 8,000+ in electricity bill • Speed – 350 RPM • Air Delivery – 215 CMM • Range of 6 unique shades • BEE rating: 5 Star • 2-year Warranty B U S I N E S S H I G H L I G H T S Consumer Products 18 LAUNCHES* NX 2 400W Nutri Blender 0.6L Blender Jar 0.3L Chutney Jar Warranty: 1 Year Product 2BRGP 6 Neo – Glass Cooktop 3 Star BEE rating Integrated Drip Tray Warranty: 2 Years 3BRGP 6 Neo – Glass Cooktop 3 Star BEE rating Integrated Drip Tray Warranty: 2 Years CX9 Neo – Stainless Steel Cooktop 3 Star BEE rating Integrated Drip Tray Warranty: 2 Years RCX 3 Neo Rice Cooker 1.5L Rice Cooker 500W Warranty: 2 Years Product IRX 220F Popular 2200W 4kV Surge Protection Variable Time & Temperature Knob Warranty: 1 Year *No. of SKUs
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New Launches *No. of SKUs • Sleekest compact design in its class • Starting from INR 1,999 resulting in savings of INR 8,000+ in electricity bill • Speed – 350 RPM • Air Delivery – 215 CMM • Range of 6 unique shades • BEE rating: 5 Star • 2-year Warranty B U S I N E S S H I G H L I G H T S Consumer Lighting 25 LAUNCHES* BAJAJ BEAM MAX MUSH LED BATTEN High Lumen Efficacy Oog100 lm/W 100V-300V for stable performance i 4 kV Surge Protection CELESTA NEO LED PANEL 36W 2X2 TILE 3.5 kV Surge Protection High Lumen Efficacy of 100 Lm/W with 36W Output 100-300V for stable performance 4 kV Surge Protection 6W+6W and 12W+6W High Efficiency LED Output BAJAJ PRAZE EMERGENCY LIGHT 48W LED Light Source Power Bank Charging Option 4000 mAh CELESTA RAINBOW LED PANEL
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New Launches B U S I N E S S H I G H L I G H T S Professional Lighting 239 L A U N C H E S * Bajaj BLBDL Patient Bed Head Light • 20W downlight, 10W uplight, & 0.5W night lamp • Flicker Free Operation • Wired Remote Control Verdant Neo Well Glass • Efficacy – 120 lm/W • Clear & opal polycarbonate diffuser • Die-cast aluminium housing Glatt Neo LED Floodlight • 5kV surge protection • Thermal management housing • High efficacy – 120 lm/W Solar Inverter • Residential: 3kW – 15kW • Commercial & industrial: 15kW – 150kW • Off-grid & hybrid systems • Smart monitoring BS Sunsoko Solar Kit • Real-time monitoring • Lower electricity bills • Lower maintenance *No. of SKUs
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Professional Lighting | Projects Executed B U S I N E S S H I G H L I G H T S 01 L A N D S C A P E L I G H T I N G NMC Garden, Nagpur 14
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Professional Lighting | Projects Executed B U S I N E S S H I G H L I G H T S 02 A R C H I T E C T U R A L L I G H T I N G Wardha ‘Welcome Wardha’ Clock – Tower, Bajaj Chowk 16
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Brand Campaigns B U S I N E S S H I G H L I G H T S T V / D I G I T A L M E D I A Campaign on Fans TV, print and social media creatives for Bajaj BLDC fans F E S T I V E E N G A G E M E N T Presence at Iconic Festivals • Bajaj Cool Zone at Puri – East Zone • Bajaj Electricals at Lalbaugcha Raja, Mumbai Puri – East Zone Lalbaugcha Raja, Mumbai 17
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Awards and Recognition 17 B U S I N E S S H I G H L I G H T S Silver Award in ‘Clean Energy’ Category CSR Times Award 2026 for our flagship ‘Flame of Change’ Improved Cookstove Project Excellence in Rural Marketing at ET Edge Rural Marketing Summit 2026
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Shareholding Pattern as on 30th September 2026 62.7% 16.0% 5.4% 16.0% Promoter and Promoter Group Domestic Institutional Investors Foreign Institutional Investors Others/Retail Investors Bajaj Electricals Limited CIN: L31500MH1938PLC009887 Regd. Office: Mulla House 51, Mahatma Gandhi Road, Mumbai - 400001 Website: www.bajajelectricals.com IR-related queries (Bajaj Electricals Limited): Suketu Shah (suketu.shah@bajajelectricals.com) 18
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Thank you