Investor Presentation

TBI Corn Ltd. delivered strong H2FY26 & full-year FY26 results, marked by ~44% YoY volume growth. **Business Performance:** H2FY26 revenue reached 166.98 Cr (+42% YoY), with consolidated FY26 revenue at 303.68 Cr (+39% YoY). FY26 EBITDA grew 40% to 34.82 Cr, and PAT rose 36% to 18.61 Cr.

A significant turnaround saw operating cash flow at a positive 33.41 Cr.

Snacking & Namkeen segments contributed 64% of FY26 revenue. **Growth Drivers/Strategy:** An additional 40 TPD capacity at the Malkapur plant is now operational.

Strategy focuses on boosting direct raw material procurement (now 25%) and targeting premium clients/higher-margin products.

TBI Corn aims for a 35% volume CAGR until FY28 through capacity expansion and increased exports. **Recent Developments:** Its subsidiary, TBI Maize Processors Pvt Ltd, rapidly operationalized its JNPA SEZ unit, and TBI Corn earned the Outstanding Vendor Award from ITC. **Key Financial Metrics:** H2FY26 EPS was Rs 4.60 (+36.5% YoY). FY26 ROCE hit ~27%, with ROE at ~16%. **Outlook:** Management views TBI Corn as a scalable player in India's expanding branded snacks market, poised for continued strong performance through operating leverage and strategic growth initiatives. #TBI #CornProcessing #InvestorUpdate #Growth