General Updates

Corporate Office: Auras Corporate Centre, V Floor, 98-A, Dr. Radhakrishnan Salai, Mylapore, Chennai -600 004, India. Tel: +91 44 2847 8666 Fax: +91 44 2847 8676 Website: www.ramcocements.in THE RAMCO CEMENTS LIMITED Corporate Identity Number: L26941 TN 1957PLC003566 5 November 2026 National Stock Exchange of India Limited, Exchange Plaza, Bandra-Kurla Complex, Bandra (E}, Mumbai - 400 051. Symbol : RAMCOCEM BSE Limited, Floor 25, "P.J.Towers", Dalal Street, Mumbai -400 001. Scrip Code: 500260 Dear Sirs, Sub: Investor Update Pursuant to Regulation 30, read with Schedule Ill of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose a copy of the Investor Update on the performance of the Company for 1HFY27. Thanking you, Yours faithfully, For THE RAMCO CEMENTS LIMITED, K.SELVANAYAGAM SECRETARY Encl : As above Registered Office: 'Ramamandiram', Rajapalayam -626 117 Tamil Nadu. T H E R A M C O C E M E N T S L I M I T E D STRENGTH from STRENGTH Investor Update 1HFY27 | 2QFY27 HARD WORKER · CONSTRUCTION CHEMICALS Contents 01 Overview 02 TRCL’s Market update 03 Sales & Capacity Utilization 04 Key Performance 05 Financial Analysis & Key Ratios 06 Capex & Borrowings update 07 ESG Update 08 Brand Campaigns, Awards & Accolades Ariyalur Integrated Plant Inves to r U p d a t e | 2 Q F Y 2 7 / 1 H FY27 Overview Macro Economics Positives Watch Out ▪ GDP +7.8% YoY in Q1 FY27; RBI raised FY27 ▪ Cement production +9.8% YoY in Sep-26 and ▪ West Asia conflict: Houthi strikes on Saudi growth forecast to 7.1% (from 6.7%), Q2 seen +10.1% in H1 FY27; core sector growth at oil assets and Hormuz tanker attacks lift at 7.2% series-high 7.9%, supported by steady energy, freight and insurance costs housing demand, and sustained infrastructure ▪ Industrial production +8.0% YoY in Aug-26, led ▪ Higher costs for kiln fuel (pet coke, coal), spending by manufacturing (+9%) diesel-led logistics, polymers and imported ▪ FY27 Union capex of ₹ 12.2 lakh crores, capex ▪ CPI rose every month of 2026 to 5.54% in bank credit +18.1% YoY and upgraded GDP Sep-26, highest since Oct-24; food at 7.74% ▪ Volatile USD, crude and commodity prices; outlook support demand tighter monetary policy ▪ RBI hiked repo 25 bps to 5.50%, first hike ▪ ₹ 20,000 crores budgeted outlay for Carbon since Feb-23; stance now “calibrated ▪ Reservoirs below 10-year average; South Capture, Utilization and Storage (CCUS) over tightening” India ~43% below, northeast monsoon critical 5 years improves decarbonization economics in view of prevailing El-Nino conditions ▪ Monsoon 12.6% below normal, weakest for cement since 2015 ▪ Capacity additions and competition test price ▪ City Economic Regions: ₹ 5 crores per region sustainability; fuel inflation compresses ▪ Brent at ~USD 115/bbl on Houthi strikes; INR for Tier II/III cities and temple towns drives EBITDA/t at ~95.3/USD raises imported input costs urban infra and housing demand Investor Update | 2QFY27 / 1HFY27 TRCL’s Market update for 2QFY27 South East Volume (B2C & B2B) Volume (B2C & B2B) Grew YoY Grew YoY Despite rains in Kerala & Karnataka Despite rains in Odisha & West Bengal Premium product share Premium product share 32% 23% 2QFY26: 30% 2QFY26: 24% Volume share Volume share 83% 17% 2QFY26: 83% 2QFY26: 17% Trade prices Trade prices +1% Flat vs Jun-26 exit price vs Jun-26 exit price The company continues to focus on right products for right applications to make its brand stronger Inves to r U p d a t e | 2 Q F Y 2 7 / 1 H FY27 Sales & Capacity utilization for 2QFY27 Cement Capacity Utilization % 2QFY26 2QFY27 1QFY27 71% 72% 70% 35% 31% 1.41x 34% 31% 1.37x 34% 33% 1.39x OPC share B2B share CC ratio OPC share B2B share CC ratio OPC share B2B share CC ratio Cement Sales (Lac Tons) Construction Chemicals Sales (Lac Tons) +8% +6% +38% +51% 2.04 47.38 44.00 44.80 1.48 1.35 2QFY26 2QFY27 1QFY27 2QFY26 2QFY27 1QFY27 Inves to r U p d a t e | 2 Q F Y 2 7 / 1 H FY27 Sales & Capacity utilization for 1HFY27 Cement Capacity Utilization % 1HFY26 1HFY27 69% 71% 33% 31% 1.43x 34% 32% 1.38x OPC share B2B share CC ratio OPC share B2B share CC ratio Cement Sales (Lac Tons) Construction Chemicals Sales (Lac Tons) +10% +26% 3.39 92.18 83.98 2.68 1HFY26 1HFY27 1HFY26 1HFY27 Inves to r U p d a t e | 2 Q F Y 2 7 / 1 H FY27 Key Performance for 2QFY27 ` in Crores Revenue Cash profit +10% +8% -14% +6% 2,466 2,242 2,276 282 2QFY26 2QFY27 1QFY27 2QFY26 2QFY27 1QFY27 Cash profit = PBT + Depreciation – Current Tax (including Exceptional Items) Profit Before Tax Profit After Tax (including Exceptional Items) -48% +25% -49% +20% 100 74 52 42 38 32 2QFY26 2QFY27 1QFY27 2QFY26 2QFY27 1QFY27 ■ Power & fuel cost / T has increased by 36% YoY and 5% QoQ in view of fuel price ■ Sale volume increased by 9% YoY and 7% QoQ despite demand disruption due to increase due to West Asia War monsoon; Average Cement prices improved by 2% YoY & 1% QoQ ■ Profitability impacted due to levy of mineral bearing land tax @ ` 160 per ton of limestone ■ Profit on sale of non-core assets of ` 5 Crores recognized under Exceptional Items in TN, amounting to ~ ` 33 Crores for 2QFY27; The levy has been disputed effective from during 2QFY27 22-8-2026, in view of the cessation of such levy through MMDR Amendment Act, 2026. Inves to r U p d a t e | 2 Q F Y 2 7 / 1 H FY27 Key Performance for 1HFY27 ` in Crores Revenue Cash Profit -19% +10% 4,742 4,319 470 1HFY26 1HFY27 1HFY26 1HFY27 Cash profit = PBT + Depreciation – Current Tax (including Exceptional Items) Profit Before Tax Profit After Tax (including Exceptional Items) -56% -57% 217 160 94 70 1HFY26 1HFY27 1HFY26 1HFY27 ■ Company registered a total sale volume of 9.56 MnT in 1HFY27 with growth of 10% ■ Power & fuel cost / T has increased by 22% YoY in view of fuel price increase due to West Asia War YoY; Average cement price in 1HFY27 remained flat YoY ■ Profit on sale of non-core assets of `17 Crores recognized under Exceptional Items ■ Profitability impacted due to levy of mineral bearing land tax @ ` 160 per ton of limestone in TN, amounting to ~ ` 72 Crores for 1HFY27; The levy has been disputed effective from during 1HFY27 22-8-2026, in view of the cessation of such levy through MMDR Amendment Act, 2026. Inves to r U p d a t e | 2 Q F Y 2 7 / 1 H FY27 EBITDA ` in Crores -16% +5% -19% 1,000 331 645 300 600 200 400 100 200 2QFY26 2QFY27 1QFY27 1HFY26 1HFY27 EBITDA / Ton ` 866 / T ` 669 / T ` 681 / T ` 921 / T ` 675 / T ■ Rupee depreciation by 10% YoY during 1HFY27 impacted the fuel cost ■ Average cement price in 1HFY27 remained flat YoY; however, improved by 2% YoY & 1% ■ EBITDA impacted due to levy of Mineral bearing Land tax on limestone in TN from Apr-25. The impact is ~ ` 33 Crores for 2QFY27 & ~ ` 72 Crores for 1HFY27. ■ Power and fuel cost for 1HFY27 & 2QFY27 up by ` 243 / Ton & ` 368 / Ton YoY The levy has been disputed effective from 22-8-2026, in view of the cessation of respectively and ` 71 / Ton in 2QFY27 QoQ such levy through MMDR Amendment Act, 2026. Inves to r U p d a t e | 2 Q F Y 2 7 / 1 H FY27 Interest ` in Crores -13% -17% -3% 160 16.00% 16.00% 140 14.00% 189 14.00% 120 12.00% 12.00% 100 10.00% 150 10.00% 80 8.00% 8.00% 7.41% 60 7.18% 7.04% 7.03% 6.00% 7.04% 6.00% 40 4.00% 4.00% 20 2.00% 2.00% - 0.00% - 0.00% 2QFY26 2QFY27 1QFY27 1HFY26 1HFY27 Effective rate of interest decreased by 37 bps YoY in 1HFY27 & 14 bps YoY in Q2FY27 due to reduction in borrowings YoY Inves to r U p d a t e | 2 Q F Y 2 7 / 1 H FY27 Depreciation ` in Crores +4% Flat +4% 200 182 190 380 2QFY26 2QFY27 1QFY27 1HFY26 1HFY27 Depreciation increased due to commissioning of manufacturing facilities viz. WHRS at RR Nagar, Railway Siding at Kolimigundla during previous year Inves to r U p d a t e | 2 Q F Y 2 7 / 1 H FY27 Standalone Revenue ` in Crores 1HFY27 1HFY26 Variance % Particulars 2QFY27 2QFY26 Variance % 4,510.37 4,139.32 9% Cement 2,327.51 2,147.58 8% 216.88 165.65 31% Construction Chemicals (Note) 130.77 87.26 50% 14.77 13.53 9% Other Income 7. 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