Latin Manharlal Group

This Children’s Day, take a moment to look beyond the little person standing in front of you. See the dreams they’re growing towards, the milestones they’ll reach and the possibilities waiting for them. #ChildrensDay #LatinManharlal #Gifts [Latin Manharlal, Investment, Finance Planning, Future Finance Goals]

LM's Update on #KWALITYWALLS 13 Nov 2026 Overall View: Positive – strong volume-led growth, improving gross margins and encouraging traction across both impulse and in-home portfolios. Comparability Note: The ice cream business was transferred from HUL following the demerger effective December 1, 2025. Q2FY26 financials are pro forma figures prepared as if the business had operated independently. Organic growth metrics are used for comparison. Disclaimer: shorturl.at/MiIcK

LM's Update on #KWALITYWALLS 13 Nov 2026 Key Monitorables * Sustainability of volume growth. * Performance of the relaunched in-home portfolio. * Premiumisation and innovation-led growth. * Gross margin trajectory and EBITDA margin recovery. * Distribution expansion and productivity benefits. Disclaimer: shorturl.at/MiIcK

LM's Update on #KWALITYWALLS 13 Nov 2026 Investment Takeaway A very strong growth quarter for Kwality Wall's, with organic sales growth of 42.2% and volume growth of 31.8%. Importantly, growth is volume-led rather than being driven primarily by pricing. The relaunch of the in-home portfolio with a dairy-based recipe appears to be gaining consumer traction, while the impulse portfolio continues to perform strongly. Gross margin expansion of 282 bps is encouraging despite higher input costs associated with the dairy transition. However, Q2 EBITDA margin of 6% remains below the H1 margin of 10%, making sustained profitability improvement an important monitorable. Disclaimer: shorturl.at/MiIcK

LM's Update on #KWALITYWALLS 13 Nov 2026 Management Outlook * Focus remains on sustaining volume-led growth through brand investments, consumer-led innovation and wider distribution. * Continued emphasis on expanding consumption occasions and improving product availability. * Productivity and cost discipline remain priorities to offset commodity cost pressures. * Investments in supply chain, distribution and frontline capabilities are expected to support operating leverage as the business scales. Disclaimer: shorturl.at/MiIcK

LM's Update on #KWALITYWALLS 13 Nov 2026 Margin Performance * Gross margin improved to 46.4%, expanding 282 bps YoY. * Improvement was supported by favourable product mix, productivity initiatives and disciplined pricing. * The company continued to invest in brands, frontline capabilities, supply chain and distribution infrastructure. * EBITDA margin stood at 6%, reflecting the ongoing investment and transformation of the business. Disclaimer: shorturl.at/MiIcK

LM's Update on #KWALITYWALLS 13 Nov 2026 Channel Performance * Growth was broad-based across General Trade, Modern Trade and Quick Commerce. * Quick Commerce delivered high double-digit growth. * Modern Trade recorded healthy growth. * General Trade benefited from expansion of the freezer cabinet network, improved outlet execution and better availability. Disclaimer: shorturl.at/MiIcK

LM's Update on #KWALITYWALLS 13 Nov 2026 Business Performance & Key Highlights * Delivered its highest organic sales growth in the last 16 quarters, with volumes contributing the majority of growth. * Impulse portfolio recorded high double-digit volume growth. * Relaunched in-home portfolio, featuring a richer and creamier dairy-based recipe, delivered strong double-digit growth. * Kwality Wall's, Magnum and Cornetto maintained strong growth momentum. * Magnum continued to perform well in the premium segment. * New products including Magnum Caramel Pop, Cornetto Almond Crunch and Kulfeez contributed to growth. Disclaimer: shorturl.at/MiIcK

LM's Update on #KWALITYWALLS 13 Nov 2026 H1FY27 Performance * Revenue: ₹1,320.8 Cr. * Organic Sales Growth: 24.3%. * Organic Volume Growth: 19.9%. * Organic Price Growth: 3.6%. * EBITDA: ₹132.1 Cr. * EBITDA Margin: 10.0%. Disclaimer: shorturl.at/MiIcK

LM's Update on #KWALITYWALLS 13 Nov 2026 Highest organic sales growth in 16 quarters; volume growth drives strong performance Q2FY27 Financial Performance * Revenue: ₹453 Cr. * Organic Sales Growth (OSG): 42.2%. * Organic Volume Growth (OVG): 31.8%. * Organic Price Growth: 7.9%. * EBITDA: ₹27.2 Cr. * EBITDA Margin: 6.0%, improving by 2,365 bps YoY. Disclaimer: shorturl.at/MiIcK

#CompanyResults to be announced Today i.e. 13 Nov 2026.

LM's Update on #VodafoneIdea 13 Nov 2026 Overall View: Operationally improving, but financial turnaround remains dependent on funding, network investment and sustained revenue growth. Disclaimer: shorturl.at/MiIcK

LM's Update on #VodafoneIdea 13 Nov 2026 Key Monitorables * Sustained subscriber additions and market share recovery. * Further ARPU improvement and potential industry tariff hikes. * Funding availability and execution of the ₹45,000 Cr capex plan. * Network expansion and 4G/5G subscriber migration. * Cash EBITDA growth and reduction in financing burden. Disclaimer: shorturl.at/MiIcK

LM's Update on #VodafoneIdea 13 Nov 2026 Investment Takeaway - However, the financial position remains challenging. Reported quarterly loss remains close to ₹6,000 Cr, while interest and financing costs stood at ₹4,975 Cr. The company also has substantial deferred payment obligations. - The ₹45,000 Cr network investment plan is critical for improving competitive positioning, but timely funding and execution remain the biggest challenges. Disclaimer: shorturl.at/MiIcK

LM's Update on #VodafoneIdea 13 Nov 2026 Investment Takeaway - Vodafone Idea is showing gradual improvement in operating metrics. ARPU growth, positive subscriber additions, higher data consumption and network expansion are encouraging. - Cash EBITDA growth of 11.2% is also positive, indicating improving underlying operating performance. Disclaimer: shorturl.at/MiIcK

LM's Update on #VodafoneIdea 13 Nov 2026 Management Strategy – 1-2-3 Framework The company is also focusing on: * 17-5-5 network expansion. * Premiumisation and customer upgrades to drive ARPU. * Brand repositioning and customer acquisition. * Enterprise business, IoT and digital services. Disclaimer: shorturl.at/MiIcK

LM's Update on #VodafoneIdea 13 Nov 2026 Management Strategy – 1-2-3 Framework 1. Sustained subscriber additions. 2. Double-digit revenue growth. 3. Triple cash EBITDA in three years. Disclaimer: shorturl.at/MiIcK

LM's Update on #VodafoneIdea 13 Nov 2026 Funding & Capex Outlook * Announced network capex guidance of ₹45,000 Cr by FY29 under its 17-5-5 network strategy. * Capex orders worth over ₹13,200 Cr have been placed, of which nearly ₹6,000 Cr has been executed. * Cash and bank balances stood at ₹5,470 Cr as of September 30, 2026. * Bank debt stood at ₹943 Cr. * Company reported securing over ₹10,500 Cr of funding up to H1FY27, including warrants and fund-based/non-fund-based facilities. Disclaimer: shorturl.at/MiIcK

LM's Update on #VodafoneIdea 13 Nov 2026 Network Expansion * 5G services now available across 400 cities/towns in 17 circles. * 4G population coverage increased to 87.8%. * Total unique broadband towers reached approximately 2.14 lakh. * Total broadband sites increased to 6.10 lakh. * Added more than 22,500 unique broadband towers over the last 12 months. * Capex during Q2 stood at approximately ₹3,946 Cr. Disclaimer: shorturl.at/MiIcK

LM's Update on #VodafoneIdea 13 Nov 2026 Subscriber & ARPU Performance * Total subscriber base increased to 194.4 million from 193.1 million in Q1FY27, adding 1.3 million customers during the quarter. * Customer ARPU (excluding M2M) increased 9.7% YoY to ₹198 from ₹180. * Blended ARPU stood at ₹178 versus ₹167 last year. * 4G/5G subscriber base increased to 131 million from 127.8 million YoY. * Postpaid subscribers increased to 33.9 million from 31.9 million in Q1. * Data usage increased 27.1% YoY to 93.6 petabytes per day. * Average data consumption per 4G/5G subscriber increased to 23 GB from 18.5 GB. Disclaimer: shorturl.at/MiIcK