Orient Bell Limited — Interim / Quarterly Report 2022

Jul 26, 2021

Corporate Relation Department Exchange Plaza, 1st Floor, New Trading Ring Plot No. C/1, G Block, Rotunga Building, Phiroze Jeejeebhoy Bandra-Kurla Complex, Towers, Dalal Street, Bandra (E) Mumbai - 400 001 Mumbai-400 051

OBL:HO:SEC:00: New Delhi : 26.07.2021

BSE Limited National Stock Exchange of India Ltd.

Stock Code - 530365 Stock Code: ORIENTBELL

Sub: Media release

Dear Sir/Madam,

Please note that, today i.e on 26" July, 2021, the company has made a media release on the Un-Audited financial results for the quarter ended 30 June, 2021. In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the same for your perusal and records.

Yours faithfully, for Orient Bell L#

Company Secretary & Head - Legal

Encl: as above

Orient Bell Limited

CORPORATE OFFICE: Iris House, 16 Business Centre, Nangal Raya, New Delhi ~ 110 046, India. Tel.: +91 11 4711 9100 REGD. OFFICE : 8 Industrial Area, Sikandrabad ~ 203 205 (U.P.) India. Tel.: +91 5735 222 203 / 222 / 424, +91 81910 04575 / 76, Fax: +91 5735 222 642 E-mail:customercare@orientbell.com, Website: www.orientbell.com

CIN: L14101UP1977PLC021546

Orient Bell Limited

Orientbell Tiles grows topline by +103% in QIFY22 Adds 0.7 MSM capacity

Q1FY22 Key Financial Highlights:

• Y Topline growth +103% y-o-y in Q1IFY22 led by New Products, Channel Expansion, Displays & Digital tools.
• Y Lockdowns impacted volumes & profitability during Q1FY22. However, ASP increased by 6% y-o-y and sequentially by 2% supporting sustenance of gross margin despite increase in gas costs.
• Y Cash Fixed Costs optimized sequentially too however the larger medium to long term goals for Manufacturing, Marketing & People remain uncompromised.
• Y Net debt below ZERO at Rs (-) 11.6 crore as on 30th June 2021.

Consolidated Financial highlights:

Orient	LimitedBell		= orientbell
Orientbell Tiles grows topline by +103% in QIFY22	Adds 0.7 MSM capacity
New Delhi, 26" July 2021: Orient Bellreferred to as OBL, a leading manufacturer of ceramic and vitrified tiles with a capacity of ~30million square meters per annum, has reported results for quarter ended June 30, 2021.	Limited(BSE:	NSE: ORIENTBELL),530365;	hereinafter
Q1FY22 Key Financial Highlights:
Volumes+ 92%	Revenue+103 %oa
oa+103%growthTopliney-o-yYinDisplays & Digital tools.Lockdowns impacted volumes & profitability during Q1FY22. However, ASP increased byY6% y-o-y and sequentially by 2% supporting sustenance of gross margin despite increasein gas costs.Cash Fixed Costs optimized sequentially too — however the larger medium to long termYgoals for Manufacturing, Marketing & People remain uncompromised.Net debt below ZERO at Rs (-) 11.6 crore as on 30th June 2021.Y	Q1IFY22byled	NewProducts,	ChannelExpansion,
Consolidated Financial highlights:(Rs in Crores)
Operating income	42.7	86.7	102.9%
EBITDA	-8.8	-3.7	57.7%
EBITDA %	-20.6%	-4.3%	16.3%
Reported PAT	-11.4	-5.1	55.2%
	-26.7%	-5.9%	20.8%

Orient Bell Limited

Operational highlights Q1FY22:

Y 8 Orientbell Tile Boutiques (OBTBs) net added during QLIFY22 ; total number of active OBTB's as on 30-June-21 increased to 238.

Awards

• Y 1% Runner-Up: Best Innovative Kaizen in Quality (Manufacturing Large)
  • Y Our CHRO Awarded by World HRD Congress as "HR Super Achiever"
• ¥Y Revenue from vitrified tiles vs. 40% LQ. improved to 43% Orient Bell Tiles @
• ¥Y More than ~135 SKUs launched QTDFY22 across existing & New Product categories.

¥ Consumers today spend more time on their mobiles than on TV. Our brandbuilding approach is to meet consumers where they are with content that they can engage with.

TIMES ascent

Orient Bell Limited

Orientbell Tiles invests to add Capacity of 0.7 MSM at Sikandrabad GVT plant.

OBL's Board has approved adding capacity at an existing GVT tile plant at Sikandrabad (Bulandshahar district, UP). The current capacity of this GVT tile plant is 3.3 MSM p.a. and post the completion of the capex, the capacity will increase to 4.0 MSM p.a.

The debottlenecking project will involve a capex of under Rs. 11 Crores and the process will be completed by Q1FY23.

"This is the 3 growth capex initiative that we have agreed for in the last 9 months".

With this, the overall capacity of our own manufacturing facility at Sikandarbad would increase by 2.4 MSM p.a. by early FY23 vs. what we had in Q2FY21.

The debottlenecking project is not only capital efficient but also allows us to participate in the demand growth that we continue to witness in North and East India.

We continue to stay cash positive, and this project will also be funded via internal accruals. Aditya Gupta, CEO, Orientbell Tiles commented on the occasion.

About Orient Bell Ltd: Orientbell Tiles is a leading brand and manufacturer of ceramic & vitrified tiles with over 4 decades of serving customers across India. The company has an annual capacity of 30 mn. sq. meters, distributed across 3 plants, Sikandrabad, Hoskote and Dora and 2 trading JVs in Morbi. The company is ISO 9001, ISO 14001 and OHSAS 1800 certified with Zero Waste facilities. With over 3,000+ designs and having a strong distribution channel of 2000+ channel partners, the company has a growing presence across major markets in India.

For more details please visit: www.orientbell.com

Safe Harbor: Certain statements made in the document may be forward-looking statements. Such forwardlooking statements are subject to certain risks and uncertainties like government actions, economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Orient Bell Ltd will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

For further information, please contact:

Orient Bell Limited Mr. Himanshu Jindal — CFO Mr. Ashish Kapur — AGM Treasury, Investor Relations & Corporate Finance +91-11-4711-9100 (B) investor@orientbell.com www.orientbell.com

Ms. Pooja Dokania - Co Founder & CEO pooja.dokania@paretocapital.in Mr. Rishav Das rishav.das@paretocapital.in