R R Kabel Ltd

The achievements of the past year would not have been possible without your trust, dedication, and cooperation. As we move forward, we remain committed to driving growth, fostering innovation, and creating long-term value for all our stakeholders.

Dear Stakeholders,

It is with great pleasure that I present to you the first annual report of RR Kabel since our successful

Initial Public Offering (IPO) in September 2023. This past year has been a remarkable one for the

Company, characterised by improved performance and meaningful achievements. The overwhelming response to our IPO is a testament to the confidence and trust that you, our valued stakeholders, have placed in us. We are deeply grateful for your trust and support.

As an exporter of wires and cables to international markets, we are acutely aware of the global economic landscape. The past year has witnessed a mix of challenges and opportunities across different regions.

Despite geopolitical tensions in regions like Europe and the Middle East, as well as supply chain disruptions, the global economy demonstrated resilience, projecting a 3.2% growth in 2025 according to the IMF. These dynamics influenced our strategic decisions and operational adaptations. Our risk management team closely monitors global economic activities and helps us navigate these complexities effectively.

In parallel, the Indian economy exhibited robust growth, with real GDP estimated to grow by 8.2% in 2023-24, driven by strong domestic consumption, infrastructural developments, and supportive government policies. India's push towards becoming a global manufacturing hub has opened new avenues for growth in the consumer electrical sector. The consumer electricals industry, including FMEG, is estimated to achieve a 10% CAGR from 2022-23 to 2026-27, propelled by rural electrification, real estate growth, clean energy transition, rising incomes, and a shift towards branded players. As a leading player, we are well-positioned to capitalise on these tailwinds. We achieve this through constant product R&D to explore and seize new opportunities in the industry, coupled with continuous expansion of manufacturing capabilities across India to cater to diverse regions. We have strategically aligned ourselves with these national priorities, leveraging our expertise and innovation to contribute to India's economic progress.

I feel grateful to be leading RR

Kabel, a Company that has earned a respected position in the consumer electricals market and is counted among the top 4 branded W&C players in India with a 7% market share. As I reflect on our financial performance over the past year, it brings me immense joy to share that we have achieved our highest ever revenue, EBITDA, and Profit after Tax for 2023-24. Our Revenue was up by 17.8% (Y-o-Y) at INR 6,594.6 CroreswhileourProfit after increased by 57% (Y-o-Y) at INR 298.1 Crores. These figures highlights our commitment to excellence and our ability to deliver value to our stakeholders.

We firmly believe that our dedicated workforce is our most valued asset. It is through their diligent efforts, hard work, and perseverance that we have been able to deliver encouraging financial results. We are a Great Place to Work-certified Company and remain committed to understanding the needs of our employees and proactively investing in initiatives focussed on their professional development and overall well-being.

Sustainability remains a core pillar of our business strategy.

We are dedicated to minimising our environmental footprint and contributing to the well-being of the communities we serve. This year, we made significant strides in our sustainability initiatives, including zero waste discharge, rainwater harvesting and installing rooftop capacity for solar energy at our selected plants. We have also undertaken social activities through our Mission RRoshini, which aims to achieve an empowered and educated India. These efforts reflect our commitment to creating a sustainable future and fostering a positive impact on society and the environment.

I would like to extend my heartfelt gratitude to all our stakeholders—shareholders, employees, customers, and partners for your support and trust. The achievements of the past year would not have been possible without your trust, dedication, and cooperation. As we move forward, (Y-o-Y) we remain committed to driving growth, fostering innovation, and creating long-term value for all our stakeholders.

Thank you. Warm regards,

R R Kabel Limited