Investor Presentation

Sanstar Ltd. (BSE: 544217 | NSE: SANSTAR) reported FY26 as a transition year with H1 challenges but a strong H2 recovery. **Business Performance:** FY26 Revenue stood at Rs. 784.6 Cr (-17.7% YoY), PAT at Rs. 34.5 Cr (-21.3% YoY). Gross Profit Margin improved to 30.1%. Q4 FY26 saw robust growth with Revenue at Rs. 216.8 Cr (+7.4% QoQ) and PAT at Rs. 20.5 Cr (+49.9% QoQ), with margins at 9.5%. Exports contributed 34% of revenue (Rs. 265.7 Cr). **Growth & Developments:** Company commissioned expanded native starch capacity at Dhule, increasing total installed capacity to 2,350 TPD, becoming India's #2 maize-based specialty products manufacturer.

A derivatives facility at Dhule is set for FY26-27 commissioning, enhancing value-added offerings.

Sanstar incurred Rs. 225 Cr capex & strengthened its balance sheet. **Outlook:** Management expects better product diversification and margin stability in FY27 due to expanded capacities and operational normalization.

The Indian starch market is projected for 7.3% CAGR growth, supporting future demand.