Investor Presentation for the quarter and half year ended 30th September, 2026.

19th October, 2026 BSE Limited The National Stock Exchange of India Limited Corporate Relationship Department Listing Department Scrip Code: 532538 Scrip Code: ULTRACEMCO Sub: I nvestor Presentation for the quarter ended 30th September, 2026 Dear Sirs, Attached is an investor presentation on the performance of the Company for the quarter ended 30th September, 2026. This is for your information and records, please. Yours faithfully, For UltraTech Cement Limited Dhiraj Kapoor Company Secretary and Compliance Officer Encl: a/a Luxembourg Stock Exchange Singapore Exchange BP 165 / L – 2011 Luxembourg 2 Shenton Way, #02-02, Scrip Code: US90403E1038 and SGX Centre 1, Singapore 068804 US90403E2028 ISIN Code: US90403YAA73 and USY9048BAA18 UltraTech Cement Limited Registered Office : Ahura Centre, B – Wing, 2nd Floor, Mahakali Caves Road, Andheri (East), Mumbai 400 093, India T: +91 22 6691 7800 / 2926 7800 I F: +91 22 6692 8109 I W: www.ultratechcement.com/www.adityabirla.com I CIN : L26940MH2000PLC128420 UltraTech Cement Limited Q2FY27 Results FORCE GOOD A FOR Bigger, Leaner, Greener Growth accelerates down the P&L Higher earnings per tonne, built on brand and cost control Q2 FY27 vs Q2 FY26 Q2 FY27 vs Q2 FY26 +21.3% +20.3% Capacity Op. EBITDA/t RoCE Utilisation 71% Rs. 974 12.6% +12.9% +9.3% ▲ +500 bps ▲ +Rs. 60 ▲ +115 bps Green power capacity crosses 2 GW Capacity (mtpa) Volume (MnT) Op. EBITDA (Rs. Cr) PAT (Rs. Cr) 192.3 → 210.1 33.9 → 38.2 3,094 → 3,721 1,238 → 1,501 UltraTech = Brand × cost × scale = value that compounds Agenda Macro Business Financial ESG overview highlights performance updates Macro overview Macro overview Structural stability amid global volatility 7.8% 15.5% 11.9% Real GDP growth in Q1FY27; Centre + State capex growth Real investment (GFCF, public RBI forecasts 7.1% GDP growth YoY, April–August'26; public and private) growth in Q1FY27, for full year investment leading the cycle up from 5.8% a year ago 19.4% 15.0% Above 50 Bank credit growth YoY, GST collection growth YoY in Manufacturing PMI and September'26; broad-based Q2FY27; reflecting continued Services PMI at 55.1 and 55.2 in across industry and retail improving economic activity September’26; sustained expansion and robust demand For cement: Union Budget allocates Rs.12.2 lakh crore for capex in FY27, with ~42% already spent by Aug'26 – sustaining demand from infrastructure, housing and industrial capex . Macro overview Key demand drivers across regions North I C H R − Infrastructure demand was supported by projects such as the Delhi–Amritsar Expressway, Mumbai–Delhi Expressway. − Commercial, Housing and Rural demand registered growth. − Infrastructure demand grew as project execution picked up ahead of the elections. Key contributors were road projects, Babatpur International Central Airport, Gorakhpur International Cricket Stadium, Thermal power projects, Indore Metro and Bhopal Metro. I C H R − Commercial demand grew overall, although heavy rainfall in Prayagraj, Rewa and Satna slowed momentum from mid-August through. September. − Housing and rural demand grew across the region. East − Infrastructure demand was subdued on account of delays in fund flows, floods in Bihar and Assam, and a cyclone in Odisha. I C H R − Commercial and Housing demand remained stable overall. West Bengal and Chhattisgarh demand impacted by sand shortages, heavy rainfall and ongoing local body elections − In Maharashtra, infrastructure demand was supported by projects such as the Mumbai Metro and Mumbai–Delhi Expressway. Demand in West Gujarat aided by Ahmedabad–Mehsana road works, wind turbine foundations, solar park control rooms in Kachchh–Surendranagar, Surat I C H R Metro and the Vadodara–Mumbai Expressway. − Commercial demand registered growth. However, aggregate shortage and railway congestion near Lonavala impacted demand intermittently in Mumbai. − Rural and Housing demand grew. − Infrastructure demand was muted because construction slowed across projects. Aggregate supply in Kerala was also hit by a crusher strike in South I C H R Karnataka and a temporary ban on material movement imposed in Tamil Nadu. − Commercial, Housing and rural demand registered overall growth. I Infrastructure C Commercial H Housing R Rural Growth Stable Degrowth 6 Business highlights Business highlights Q2FY27 Operational performance 4.6 mtpa 6,289 358 km Grey Cement capacity UBS outlets Lead distance commissioned Total: 210.1 mtpa* 24% YoY 8km YoY 444 MW 1.58 GW 1.48x WHRS capacity Renewable Power capacity Clinker Conversion Ratio 20% YoY 29% YoY *UltraTech’s consolidated grey cement capacity as on 30th September 2026 8 Business highlights Consolidated Sales volume Q2FY27 Particulars Volume (MnT) Growth (YoY) Grey Cement (Domestic) 35.94 13.8% White Cement (Domestic) 0.52 2.6% Overseas (Grey + White) 1.75 (1.4%) Export and Others 0.13 - Consolidated Sales volume* 38.22 12.9% UltraTech brand grew 20.2% YoY *After eliminating inter-company sales 9 Business highlights Q2FY27 Sales performance Trade Direct Road 60.8% 77.0% 65.1% 78.8% Bulk Non-Trade Depot Rail 21.2% 34.9% 2.0% 39.2% 21.0% Business highlights Q2FY27 Ready Mix Concrete 485 179 Plants Cities 77 plants YoY 18 cities YoY 4.65 Mn m Rs. 2,338 Cr Volume Revenue 23% YoY 29% YoY 1.33 MnT 34% Cement consumed RoCE (3.5% of cement volume) 25% YoY We make good concrete better Business highlights UltraTech marching ahead Grey Cement Capacity (mtpa) Grey Cement Capacity (mtpa) Zones FY26 FY27 E FY28 E 242.9 North 37.5 43.6 58.6 213.1 196.8 188.8 Central 35.6 35.6 35.6 146.2 East 33.3 36.6 43.2 West 34.5 34.5 40.5 South 50.5 57.4 59.6 All India 191.4 207.7 237.5 Overseas 5.4 5.4 5.4 FY24 FY25 FY26 FY27 E FY28 E Overall 196.8 213.1 242.9 Business highlights Capacity expansion roadmap Cement Capacity Cement Capacity Plan for FY27 Plan for FY28 (mtpa) (mtpa) Greenfield Greenfield Visakhapatnam, Andhra Pradesh 3.0 Sehore, Madhya Pradesh 3.0 Lalitpur, Uttar Pradesh 1.8 Shahjahanpur, Uttar Pradesh 2.7 Banka, Bihar 3.3 Petnikota, Andhra Pradesh 3.6 Brownfield Brownfield Wanakbori, Gujarat 2.4 Patratu, Jharkhand 3.0 Jharsuguda, Odisha 2.3 Slag Mills (Visakhapatnam, Patratu, Nathdwara) 1.0 Dankuni, West Bengal 1.0 Pali, Rajasthan 3.0 Vikram Cement Works, Madhya Pradesh 1.4 Capacity addition in FY27 16.3 Parli, Maharashtra 1.2 Commissioned till date Dhar, Madhya Pradesh 1.4 Dadri, Uttar Pradesh 2.7 Jhajjar, Haryana 2.7 Gujarat Cement Works, Gujarat 2.4 Bathinda, Punjab 1.4 Chennai, Tamil Nadu (ICL) 1.8 Banswara, Rajasthan (ICL) 0.6 Dalavoi, Tamil Nadu (ICL) 0.4 Capacity addition in FY28 29.8 ICL: India Cements Limited Business highlights Powering India's Infrastructure Projects Alluri Sitarama Raju International Airport, Visakhapatnam UltraTech Cement : A key enabler for India’s infrastructure development Creative visualization just for representation Business highlights Ultravolt is Live Launched on 3rd September 2026 15,000+ 500+ 80,000+ Current serviceable pin codes Districts and growing Retailers and electricians onboarded Manufacturing and Expansion Marketing and Brand Building − Planned consumption capacity of 78,000 mt of copper and − Strong brand traction with 2,00,000+ social media and 50+ 24,000 mt of Aluminium print media engagements − Second-largest player in the industry by installed capacity of Copper − Product portfolio getting recognized for its quality and safety Capex committed/spent till date: ~ Rs. 1,100 Cr Business highlights Ultravolt’s product range Insulated E-Beam Flexible Cord / Multi-core PVC Insulated Cables Submersible Cable Crosslinked Cables Solar DC / PV Cable Coaxial Cable CCTV Cables LAN Cat 6/6A Performance-focused product portfolio Business highlights New Product Launch – Birla White Features − Protection that blocks salt migration and prevents white patches and peeling. − High water resistance through advanced silicone polymer technology, protecting against seepage & external weather impact. − Superior whiteness for br [Showing first 8,000 characters — download PDF for full document]