Nakoda Group

- There is no mention of any current or future fundraising plans through debt or equity in the transcript. - Management highlighted that long-term debt has been almost fully reduced, which has improved cash flows. - They emphasized improving operating cash flow by reducing heavy EMIs, indicating a focus on debt reduction rather than raising new debt. - No discussion or indication of equity fundraising or capital raising was noted during the Q&A or management remarks. - The focus appears to be on strengthening internal cash flows and operational efficiency to support growth.

- Currently, Nakoda Group is not planning any additional CAPEX for increasing capacity, particularly in the tutti-frutti business where around 60%-65% finished goods capacity is utilized. - Instead, the focus is on better utilization of existing capacity before considering expansion. - The company is emphasizing operational enhancements, automation, digital upgrades, and tighter expense control to boost productivity and reduce costs. - For the new beverage vertical (energy drinks and mixers), contract manufacturing agreements are in place with sufficient capacity (24,000 cans/day) to meet market demand, indicating no immediate need for CAPEX there. - Strategic focus includes scaling FMCG beverage vertical with deeper distribution and product innovation rather than heavy capital investment. - Marketing spends for new products are budgeted around 10%-15% of product costs, highlighting more investment in market reach than capital assets.

- The FMCG beverage vertical, especially the energy drink and flavored mixer segments, is expected to scale up with deeper distribution and new SKUs, including new flavors like Ginger Ale and Kiwi & Lime. - Revenue growth for FY 26-27 is projected to almost double as the company sets up new distribution channels and scales the beverage segment. - Initial revenue from energy drinks started in Q3 FY 25-26 with strong early consumer response and repeat orders anticipated by next quarter. - The core agro-based business remains stable with expected volume growth driven by operational efficiencies and expanded market reach. - The company targets growth in metro and tier 1 cities first, followed by tier 2 and tier 3 regions through additional distributors. - Export markets continue to contribute around 20-25% of annual revenue with presence in over 25 countries. - Operating cash flows are expected to improve gradually due to reduced long-term debt and lower interest expenses.

- The company expects strong revenue growth driven by the new FMCG beverage vertical, especially energy drinks and flavored mixers, with significant scaling planned in FY 26-27. - Energy drink and beverage revenues are projected to nearly double in FY 26-27 after initial setup phase in FY 25-26. - Profitability improved in Q2 and H1 FY26 with EBITDA margins increasing to ~7% in Q2 and ~8.6% in H1, supported by cost control, operational efficiencies, and reduced debt. - Operating cash flows are expected to gradually turn positive due to lower interest payments after significant long-term debt reduction. - Marketing investments (~10-15% of product cost) and expanding distribution networks, including modern retail and quick commerce, are expected to drive volume growth. - The company aims to sustain growth via deeper market penetration across Tier 1 and Tier 2 cities along with export expansion. - Overall, steady EBITDA and net profit growth with long-term value creation is anticipated.

- The transcript does not explicitly mention details regarding the current or expected order book or pending orders for Nakoda Group of Industries Limited. - However, for the new energy drink launched in October 2025, early responses are positive with small repeat orders already being received. - The company expects to analyze repeat order trends over the next quarter to better understand sales momentum. - The beverage segment, including mineral water and mixers, is in the early phase as of FY 25-26, with anticipated exponential revenue growth from FY 26-27 as distribution channels develop. - Existing business continues to perform well, contributing full revenues in Q2 before new product revenues contribute in Q3 and thereafter.