Investor Presentation

26th October 2026 BSE Limited National Stock Exchange of India Limited Phiroze JeeJeeBhoy Towers, Exchange Plaza, Dalal Street, 5th Floor, Plot No. C-1, G Block, Mumbai - 400 001 Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051 SCRIP CODE: 523367 SCRIP CODE: DCMSHRIRAM Sub : Update on Outcome of Board Meeting - Investor Presentation Dear Sir/Madam, In continuation to our letter dated 26th October 2026 regarding Unaudited Financial Results (both Standalone and Consolidated) of the Company for the quarter and half year ended 30th September 2026, please find attached copy of the Presentation on the said financial results. The said presentation is also available on the website of the Company i.e., www.dcmshriram.com. Yours faithfully, For DCM Shriram Limited (Deepak Gupta) Company Secretary & Compliance Officer Encl: As above DCM Shriram Limited Results Presentation Q2 FY 2027 October 26, 2026 Certain statements in this document may be forward-looking. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could Safe cause our actual results to differ materially from those contemplated by the relevant forward looking statements. DCM Shriram Ltd. will not Harbour 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. Table of Contents 0011 DCM Shriram Segment wise Q2 & H1 FY 2027 Overview Performance Results Q2 FY 2027 • Overview 4 • Chemicals & Vinyl 16-20 • Financial Snapshot 7 • Our Businesses 5 • Sugar & Ethanol 21-23 • Revenue & PBDIT Drivers 8 • Management Message 6 • Fenesta Building Systems 24 • Segment Results 9 • Shriram Farm Solutions 25 H1 FY 2027 • Fertilizer 26 • Financial Snapshot 10 • Bioseed 27 • Revenue & PBDIT Drivers 11 • Other Businesses 28 • Segment Results 12 • Financials - Consolidated 29 • Investments Update 13-14 Note: All figures/ ratios mentioned in the presentation are consolidated unless otherwise mentioned. Overview – DCM Shriram Limited Overview – DCM Shriram Limited KEYNUMBERS FOR FY2025-26 Net Revenue ₹135.4 bn PBDIT ₹16.9 bn 12 Locations (Net of excise duty) Agri Rural (56%) 6609 Employees PAT ₹8.6 bn (Sugar & Ethanol,ShriramFarm Solutions, Bioseed, Fertilizer) Net Worth ₹76.6 bn Chemicals & Vinyl (34%) 27% Total Energy is Green Building Material >10x Water Harvested Credit Rating AA+/Stable Products (8%) & Conserved1 (By ICRA) (FenestaBuilding Systems) 1 as against water consumed 4 Our Businesses – Existing Facilities Chemicals Building Agri & Vinyl Material Businesses Products Businesses Caustic Soda Sugar Fenesta Building Systems (2,749 TPD) (42,400 TCD) - uPVC Windows & Doors Hydrogen Peroxide (165 TPD) Co-Gen - System Aluminium (166 MW) Windows & Doors Epichlorohydrin - WPC & Engineered (52,000TPA) Distillery . Wood Doors (310)*+(250)** KLD - Façade Aluminium Chloride - Aluminium Extrusion (250 TPD) Compressed Biogas - Hardware (12 TPD) Calcium Chloride (133 TPD) Fertilizer Epoxy Resins2 (379,500 TPA) (33,551 TPA) PVC Resins Shriram Farm Solutions (220 TPD) Philippines Calcium Carbide Bioseed (112,000 TPA) Polymer Compounds Fenesta Building Systems, Kota, Bhiwadi, Chennai, Bhubaneswar, Hyderabad (24,050 TPA) Shriram Fertilizers & Chemicals, Kota-Rajasthan Shriram Alkali & Chemicals, & HSCL1 at Bharuch-Gujarat These businesses are supported by 383 MW coal based power plant,166 MW Co-Gen Sugar Production Units (Central UP) – Ajbapur, Rupapur, Hariawan & Loni and Distillery Units – Ajbapur & Hariawan & 118 MW (peak) green power * On B Heavy Molasses ** Multi feedstock Bioseed – Hyderabad & Philippines 2Including Liquid & derivatives of epoxy resins 5 1HSCL: Hindusthan Speciality Chemicals Limited. Management’s Message Commenting on the performance for the quarter & half year ending September 2026, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: Today’s global economy is being rewritten by two converging forces: the transformative power of AI and the rapid realignment of global trade partnerships. Heightened geopolitical friction, rising protectionism, and US-led tariff structures are straining global supply chains and inflating costs worldwide. India stands as a resilient outlier—fortified by structural reforms, strong domestic demand and competitive workforce. Despite our formidable macroeconomic fundamentals, India remains distinctly behind major global powers in developing sovereign AI and indigenous technological architecture The Chemicals business delivered reasonable performance despite a volatile global environment and supply-demand imbalances. Chlor-alkali witnessed healthy utilization, while Advanced Materials is stabilizing. Crucially, downstream integration and cost-competitiveness initiatives reached key milestones with the commissioning of the Aluminium Chloride plant, partial commissioning of the Calcium Chloride plant, and commissioning of the 68 MW (peak) renewable power project. The Sugar and Ethanol businesses are navigating a shifting landscape. While domestic sugar prices remain firm amidst a projected global deficit, the sector's investments in ethanol are significantly impacted by recent government tenders restricting certain sugarcane-based feedstocks. A clear roadmap, fair allocations, and pricing alignment with sugarcane costs remain critical to the sector's long-term viability. Our consumer-facing businesses demonstrated resilience amidst market and climatic volatility. Fenesta Building Systems sustained its volume- driven growth momentum and commissioned phase one of its Aluminium Extrusion Plant. Meanwhile, Shriram Farm Solutions navigated one of the weakest monsoons in a decade, leaning on a differentiated product portfolio to offset weather-driven demand challenges. However, Bioseed business faced significant performance challenges in India as well as Philippines on account of El-Nino. We are actively translating our strategy of cost discipline and integration into action through new project announcements, including solar expansion, caustic debottlenecking, and specialty polymer diversification. With interest rates remaining elevated, our robust balance sheet, comfortable leverage, and ample liquidity position us well to absorb market volatility and pursue continued growth. Sustainability remains intricately linked to our operational DNA. By advancing our ESG roadmap across energy transition and resource efficiency, we are ensuring that the business remains agile and future-ready. Financial Snapshot – Q2 FY27 All figures in Rs/Cr Q2 FY27 Q2 FY26 Net Revenue* PBDIT PAT * Net revenue includes operating income. Net of excise duty of Rs 174 cr (LY Rs 161 cr) on country liquor sales. # ROCE calculated on average of capital employed at end of the last five quarters & trailing 12 month PBIT. Capital Employed excludes CWIP and Liquid Investments. '2 6 - 2 2 % '2 7 -33% Q2'26 Q2'27 b t/ C E) 3,977 3,272 Q2'26 Q2'27 • Board announced an interim dividend of 200% amounting to Rs. 62.38 crores. Revenue & PBDIT Drivers – Q2 FY27 All figures in Rs/Cr Q2 FY 2027 Q2 FY 2026 Chemicals Sugar & Ethanol* Fenesta SFS • ECU higher by 6% and caustic • Domestic Sugar prices higher by • Volume driven growth, led by • Lower volumes across all verticals volumes by 2% 14%, volumes were lower by 6%. Projects vertical. except Crop Protection. • New products i.e. H O AlCl and • Ethanol volumes were up by 24%, a • New platforms revenue continue to • Partially offset by higher realizations 2 2, 3 Advanced material (i.e. Glycerin to timing difference during the season. add to topline as well as bottom in Research Wheat seed and ECH to Epoxy value chain) contributed Production was in line with last year line. Speciality Plant Nutrition vertic [Showing first 8,000 characters — download PDF for full document]