Meenakshi India Ltd. · BSE:MEEIND
Meenakshi India — Investor Presentation (October 2026)
37 slides from Meenakshi India's investor presentation, Oct 8, 2026
Slide 1: Submission of Corporate Presentation to Stock Exchanges
Date: 08.10.2026 The Secretary The Secretary BSE Limited The Calcu a Stock Exchange Limited Phiroze Jeejeebhoy Towers, 7, Lyons Range Dalhousie, Dalal Street Bandra, Kolkata- 700001 Mumbai- 400001 Scrip Code: 23128 Scrip Code: 544831 Dear Madam/Sir, Sub: SUBMISSION OF CORPORATE PRESENTATION. Pursuan
Slide 2: Meenakshi (India) Limited Corporate Presentation October 2026
SALEM Meenakshi (India) Limited Corporate Presentation October 2026
Slide 3: Disclaimer
Disclaimer The presentation has been prepared by Meenakshi India Ltd. (the “Company”) solely such trends or activities will continue in the future. There is no for information purposes and does not constitute an offer to sell or recommendation or obligation to update or revise any forward-looking st
Slide 4: Company Overview, Competitive Advantages, Strategic Priorities, Financial Performance, Annexure
1 Company Overview 2 Competitive Advantages 3 Strategic Priorities 4 Financial Performance 5 Annexure www.milgroup.in 3
Slide 5: Company Overview
fe ™ meenakshi (india) limited 01. COMPANY OVERVIEW
Slide 6: Meenakshi: A Premium Woven Apparel Specialist
Meenakshi: A Premium Woven Apparel Specialist Four Decades of Integrated Manufacturing for Global Apparel Brands WINNING MODEL OPERATIONAL METRICS FINANCIAL METRICS Premium-only positioning 3 Units 14% for over 40 years - a legacy of Manufacturing facilities in Revenue CAGR (FY21-26) quality and tru
Slide 7: Core Expertise
Core Expertise 4 Decades of product know-how Our Expertise Woven Apparel Deep Product Expertise Across High-value, Fashion-led Categories The range spans Chinos, Cargos, Utility Jackets, Parkas, Overshirts, Swim Shorts, 01 BOTTOMWEAR 02 OUTERWEAR 03 KIDSWEAR Overalls, etc. Rs. 1261/- Average Rate Pe
Slide 8: Integrated Model: Control Where It Matters Most
Integrated Model: Control Where It Matters Most Premium positioning. Integrated execution. Fabric & Trim Sourcing Washing & Laundry Cotton-led, with a growing man- The signature step - 16 made-fibre base across India, 01 04 specialised wash types delivered China and other markets. entirely in-house.
Slide 9: Financial Track Record
Financial Track Record Consistent Gross Margins with Strong Historical Returns Gross Margin (%) ROCE & ROE (%) ROCE ROE 58.2% 58.1% 55.3% 53.8% 54.0% 51.3% 51.4% 45.6% 46.0% 39.7% 39.2% FY21 FY22 FY23 FY24 FY25 FY26 6-year average gross margin of 54.0%, with FY26 well above average. 32.6% 31.0% 23.5
Slide 10: Balance Sheet Strength & Capital Efficiency
Balance Sheet Strength & Capital Efficiency Minimal Leverage, Robust Interest Coverage and High Asset Turnover Debt / Equity (×) Interest Coverage (×) Asset Turnover (×) 17.60x 0.10x 43.77x 15.46x 14.04x 0.08x 12.23x 28.74x 25.68x 18.78x 0.02x 0.00x FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24
Slide 11: Market Opportunity
Market Opportunity India remains significantly underpenetrated in global apparel exports India Poised to Gain Share India's Apparel Export India's Domestic Apparel Global Apparel Market Opportunity Market US$ BN Eliminate the ~12% tariff disadvantage; EU UK & EU US$ BN US$ BN FTA signed, but yet to
Slide 12: Scaling Profitably Towards 2030
Scaling Profitably Towards 2030 3-Pronged Growth Strategy Revenue (INR Cr) EBITDA Margin (%) PAT Margin (%) Capacity 23.5%* Expansion 16 – 19% 17.7% 8.2% 11 – 13% Expanding the 7.2% 500 Manufacturing 7.3% 6.9%** Footprint ~35% CAGR 20.5% CAGR 166 151 79 Widening the Product Portfolio FY21 FY25 FY26
Slide 13: Competitive Advantages
fe ™ meenakshi (india) limited 0 2 | 1% Competitive ? Advantages
Slide 14: State-of-the-Art Infrastructure with End-to-End Capabilities
State-of-the-Art Infrastructure with End-to-End Capabilities Modern manufacturing infrastructure combining scale, quality, speed and process control 3 18 Lakh 11.5 Lakh 98% Manufacturing Garments capacity Garments On-time units in Salem, TN per annum Produced (FY26) delivery ~20% capacity headroom E
Slide 15: Signature Wash Effects
Signature Wash Effects Proprietary Wash Expertise Driving Product Differentiation 1. Specialized Wash Capability Dedicated wash capabilities and deep process know-how enable Meenakshi to execute a wide range of complex finishes with consistency 2. A Distinct Signature Finish 16 Proprietary wash reci
Slide 16: Diversified & De-Risked Revenue Profile
Diversified & De-Risked Revenue Profile Balanced mix across products and markets enhances business resilience Revenue by Product Revenue by Geography 1% 1% 1% 1% 3% 3% 7% 4% 2% 1% 27% 37% FY23 FY26 FY23 FY26 56% 59% 11% 5% 87% 95% Mens Bottom wear Outerwears Womens Wear Europe Asia Pacific USA Ocean
Slide 17: High-Value Client Relationships
High-Value Client Relationships 20+ Brands with Strong Customer Stickiness and a Proven Onboarding Track Record Typical Customer 7-8 Months Onboarding Cycle 16
Slide 18: Value Addition through LDP
Value Addition through LDP From FOB to Landed Duty Paid - a Higher-Realization Service, Offered Selectively Factory Port of Loading Ocean Freight Customs & Duties Customer Warehouse 1 Salem 2 Tuticorin / Chennai 3 Global destinations 4 Destination country 5 Global markets Manufacturing & Containeris
Slide 19: Certified for Global Customer & Sustainability Standards
Certified for Global Customer & Sustainability Standards Certifications Reinforcing Responsible Manufacturing and Access to Global Brands. 18
Slide 20: Strategic Priorities
hele meenakshi (india) limited
Slide 21: Doubling Capacity, Step by Step
1. Doubling Capacity, Step by Step Annual Garment Capacity (Lakh Pieces) 2.1× Capacity Expansion Rs. 40-50 Cr PLANNED CAPEX THROUGH FY30 37.5 Two new factories at ~Rs. 20 Cr each 65% → 70% → 80% UTILISATION RAMP FY26 → FY27 → FY30 18 Internally Funded NO EQUITY OR DEBT REQUIRED Supported by ~Rs. 80
Slide 22: Expanding the Manufacturing Footprint
2. Expanding the Manufacturing Footprint Our Manufacturing Base in India SRI LANKA Risk MoU signed Diversification Contract manufacturer in place — an alternative country of origin if tariffs turn adverse NEPAL Competitive Under evaluation labour cost and Skilled Attractive on labour cost, availabil
Slide 23: Widening the Product Portfolio
3. Widening the Product Portfolio More Categories. Same Core Strengths. ADJACENT NEXT New categories. Same strengths. Athleisure Kidswear Built on existing machinery Already within Women's Bottomwear capability CORE TODAY Same construction, new fit block Men's Woven Bottomwear + Outerwear Four decad
Slide 24: Financial Performance
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Slide 25: Management Commentary
Management Commentary Early Signs of Recovery Revenue declined 3.4% YoY, broadly stable despite a challenging demand environment; however, EBITDA margin improved to 3.4% from -0.5%, a +388 bps YoY expansion. PBT increased 128% YoY, while PBT margin expanded by 1,366 bps to 23.7%, reflecting a meanin
Slide 26: Financial Performance – Q1 FY27
Financial Performance – Q1 FY27 Particulars (INR Cr) Q1FY27 Q1FY26 Y-o-Y (%) Q4FY26 Q-o-Q (%) FY25 FY26 Y-o-Y (%) Revenue from Operations 32 33 -3.4% 46 -29.5% 166 151 10.3% Expenses 31 34 -6.9% 38 -18.4% 137 140 -2.2% EBITDA 1 -0.2 795.4% 8 -85.4% 30 11 172.9% EBITDA Margins (%) 3.4% -0.5% 388 bps
Slide 27: Financial Performance – Q1 FY27
Financial Performance – Q1 FY27 Q1FY27 Margins -0.5% 3.4% 10.0% 23.7% 8.4% 22.1% Revenue from Operations EBITDA Profit Before Tax Profit After Tax 33 32 8 7 1 3 -0.2 3 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 FY26 Margins 17.7% 7.2% 28.9% 10.3% 23.5% 6.9% Revenue from Operations EBITD
Slide 28: Annexure
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Slide 29: Export Continue to Remain the Driving Engine
Export Continue to Remain the Driving Engine Revenue Split (%) Volumes Split (%) 4.8% 7.9% 2.8% 2.6% 2.0% 5.3% 12.6% 9.2% 11.0% 14.9% 95.2% 92.1% 97.2% 97.4% 98.0% 87.4% 90.8% 89.0% 94.7% 85.1% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Export Domestic Export Domestic 28
Slide 30: 40 Years of Excellence
40 Years of Excellence 2006 1996 Capacity Expansion & Manufacturing Diversification 2023 1991 Expansion to Salem Doubled capacity with Unit 2 in Solar, Capacity & Product Expanded manufacturing Salem, expanded into bottom wear Expansion Entry into Manufacturing and outerwear, and added washing, 2026
Slide 31: The People Behind Meenakshi
The People Behind Meenakshi LEADERSHIP Mr. Shyam Sunder Goenka Mr. Ashutosh Goenka Mr. Shubhang Goenka FOUNDER & CHAIRMAN EMERITUS CHAIRMAN & MANAGING DIRECTOR WHOLE-TIME DIRECTOR Established the company in 1982 as a Over 30 years in the textile Third-generation entrepreneur. textile trading busines
Slide 32: Financial Metrics
Financial Metrics EBITDA Margin (%) PAT Margin (%) 23.5% 17.7% 14.2% 13.7% 12.9% 12.9% 11.8% 10.9% 13.2% 13.2% 7.2% 8.1% 7.8% 7.0% 6.9% 6.7% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 ROE (%) CFO / EBITDA (%) 39.2% 153% 32.6% 23.5% 104% 85% 17.3% 73% 14.2% 12.9% 59% 51% 45% 11.9% 56% 8.4% FY23 FY24 FY2
Slide 33: Marketing and Trade Fairs
Marketing and Trade Fairs Closer to Customers, Closer to Trends 32
Slide 34: CSR Initiatives
CSR Initiatives Energy & Renewables 01 o 248 KW rooftop solar plant on the largest facility 01 o Meets 50% of the site’s energy requirement o Working towards carbon-neutral manufacturing Water Treatment 02 o Effluent treatment plants treat and recycle water from all washing activity o Sewage treatme
Slide 35: Historical Statement of Profit & Loss
Historical Statement of Profit & Loss Particulars (INR Cr) FY23 FY24 FY25 FY26 Revenue from Operations 148 154 166 151 Cost of Goods Sold 72 71 70 67 Gross Profit 76 83 97 83 Gross Margin (%) 51.4% 54.0% 58.1% 55.3% Employee Cost 31 31 35 37 Other Operating Expenses 24 31 32 35 EBITDA 21 20 30 11 EB
Slide 36: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Cr) FY 23 FY24 FY25 FY26 Particulars (INR Cr) FY 23 FY24 FY25 FY26 Shareholders' Fund Non-Current Assets Equity Share Capital 4 4 4 11 Property, Plant & Equipment 15 12 12 12 Other Equity 59 77 116 119 ROU Assets 4 3 3 3 Total Equity 62 80 119 131 Capital Wo
Slide 37: Thank You
Thank You Meenakshi (India) Limited REGISTERED OFFICE 3rd & 4th Floor, 29/16 Whites Road, Peters Colony, Royapettah, Chennai, Tamil Nadu 600014 PHONE: +91 44 4206 0247 EMAIL & WEB: [email protected] www.milgroup.in Investor Relations Contact Ms. Garima Singla Email- garima@goindiaadviso
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