Investor Presentation

Date: 26th August, 2026 To, To, The Listing Department, The Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block-G Phiroze Jeejeebhoy Towers Bandra Kurla complex, Bandra-East Dalal Street Mumbai-400 051 Mumbai-400 001 Symbol -: STARCEMENT Scrip code: 540575 Dear Sir/Madam, Subject: Investor Presentation for the first Quarter ended 30th June, 2026 Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing obligations and Disclosures Requirements) Regulation, 2015, an Investor Presentation for the first quarter ended 30th June, 2026 has been prepared and the same has been disseminated on the Company’s website at https://www.starcement.co.in/investors-presentation#main. We are enclosing herewith a copy of the Presentation for your information and record. Request you to kindly take this communication on record. Thanking you, Yours faithfully, For Star Cement Limited Debabrata Thakurta (Company Secretary) (M. No.: F6554) Encl. as stated CREATING A BETTER TOMORROW Investors Presentation – Q1 - FY 27 NSE Symbol: STARCEMENT | BSE Scrip Code: 540575 | Bloomberg Ticker: STRCEM:IN Q1 Presentation | June 2026 Know Us Better: Company Snapshot Lumshnong IU, Meghalaya Guwahati Grinding Unit Siliguri Grinding Unit Cachar Grinding Unit Star Cement – Company snapshot Star Cement Limited is a leading Eastern India–focused cement company with strong brand equity, superior product quality, and an extensive distribution and logistics network. Its disciplined expansion strategy, operational excellence, and focus on sustainable value creation provide a strong foundation for consistent and profitable long- term growth 9.7 MTPA grinding Sufficient reserve of capacity finest quality limestone 6.1 MTPA clinker Other core Technical capacity strengths Workforce ~4,450+ 51 MW TPP & 800 CBM AAC Block, 24.3 MW WHRS RMC & Other Building materials ~24.2% market share in the North-East market 1,950+ dealer network Sales and Greener cement ~85% Marketing 11,500+ total retailer blended cement of Total sales network Premium sales 15.9% of Trade sales Transforming from a strong NE leader to a PAN India player Siliguri GU, WB Jhajjar GU, Haryana Cement Capacity – 2.0 MTPA Cement Capacity – 2.0 MPTA (FY29) Guwahati GU, Assam Cement Capacity – 4.0 MTPA 800 CBM AAC Block Nimbol IU, Rajasthan Clinker Capacity – 3.3 MTPA (FY29) Cachar GU, Assam Cement Capacity – 3.0 MTPA (FY29) ~80Mn tons LS reserves secured; Cement Capacity – 2.0 MPTA (Feb’26) target to secure addn. 40-50 Mn tons. Lumshnong IU, Meghalaya Clinker Capacity – 6.1 MTPA Cement Capacity – 1.7 MTPA TPP – 51 MW + WHRS – 24.3 MW Existing Planned Financial Highlights Key operational achievements of Q1 FY27 3% -12% -22% -20% -36% 17.33 1174 318 12.96 13.54 912 943 230 Q1FY26 Q4FY26 Q1FY27 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Sales Volume (lac tons) Revenue (INR Cr.) EBITDA (INR Cr.) Achieved strong financial performance : ✓ A tepid quarter, impacted by liquidity constraints arising from delayed Central Govt fund releases, temporary demand disruptions due to the WB and Assam elections, and the ongoing West Asia crisis. ✓ Sales volume includes clinker sales of 52 KT. Highlights |Q1 FY27 Marketing ❑ Sharp growth in Premium share @15.9% of Trade sales. (vs 12.2% in Q1 FY26) ❑ Increase in market share in West Bengal (Star Operating area) from 19.4% to 22.0% despite elections. ❑ Intense protests and riots in Manipur have negatively impacted our sales in the region. Operational ❑ Route restriction by railways in NFR; leading to challenge on supply of coal & Fly ash in NE. ❑ Vikram Shila Bridge collapsed at Bhagalpur – Fly ash cost impacted at Siliguri. Strategic ❑ Trials for Clinker Movement through EV is ongoing in Lums - Silchar route. Expecting significant value unlock. Financial Highlights – YoY Comparative Particulars Q1 FY27 Q1 FY26 YoY% FY26 Quantity Sales (Lacs tons) Cement and Clinker Sales 13.54 12.96 4% 54.96 Income and Expenses (INR Cr) Revenue from sale of cement and Clinker* 943 912 3% 3,776 Other Revenue 8 2 358% 19 EBITDA 203 230 12% 944 Depreciation 91 85 7% 365 Interest 14 10 35% 46 Profit Before Tax 98 135 28% 532 Profit After Tax 74 98 25% 390 Gross Cash Accruals 165 183 10% 756 Per Unit details (INR/ton) – Cement & Clinker EBITDA 1,497 1,774 16% 1,717 Profit Before Tax 720 1,039 31% 968 Profit After Tax 546 757 28% 710 * Subsidy decreased by YoY INR 39 Cr. due to reduction of GST rate on cement & change in reimbursement mechanism. Sales Performance Overview | Q1 FY27 Trade Mix (%) Geo-Mix (%) Cement Sales volume for Q1 FY27 grew by 7% YoY; Trade 20% OSNE NE sales was flat whereas ROE sales grew by 22%. Trade Cement Sales realizations during Q1 FY27 grew 1.2% YoY & 1.3% QoQ. Product wise (%) Road:Rail mix OPC Rail Premium sales at 15.9% of Trade sales in Q1 FY27; up 15% 12% from 15.1% in Q4 FY26. Growth in Non-trade volumes in Q1 FY27 was ~11% PPC Road YoY. 85% 88% PPC includes Premium Logistics (INR/ton cement) 1255 1280 220 220 1234 Q1 FY26 Q4 FY26 Q1 FY27 Lead Distance (kms) Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 17.8% 12.0% 5.6% ➢ Q1 FY27 was impacted by increased diesel prices. Q1 FY26 Q4 FY26 Q1 FY27 Rail co-efficent (%) Power & Fuel (INR/ton cement) 1.55 1.50 1157 1167 1.33 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Fuel cost ( Rs./NCV) Q1 FY26 Q4 FY26 Q1 FY27 34% 25% ➢ High fuel costs due to lower sourcing from FSA 29% 23% & increased reliance on coal from Nagaland/others & spot contract compared to other quarters. Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Green Energy (%) WHRS (%) Expansion Updates Roadmap to over 1.5 capacities over the next 3 years Additions - FY20 to Capacities FY19 FY26 FY27 FY28 FY29 FY26 Clinker capacity 2.8 6.1 6.1 6.1 6.1 9.4 - North-East 2.8 3.3 6.1 6.1 6.1 6.1 - North - - - - - 3.3 Cement capacity 3.7 9.7 9.7 9.7 9.7 14.7 - North-East 3.7 4.0 7.7 7.7 7.7 7.7 - East - 2.0 2.0 2.0 2.0 2.0 - North - - - - 5.0 Roadmap laid out to >1.5x >2.5x over the past 6 years. capacities over next 3 yrs. • Sufficient LS reserves at Nimbol to set up a 3.3 Mn tons clinker plant, centrally located in Rajasthan. North INR 3,080 Cr. • Land acq. almost done in RJ and in progress for HR ; MoU signed with Rajasthan Govt and is at an advanced stages with Haryana Govt. • Ground-breaking work will start from Q3 FY27 onwards. 1. Planned expansion in NE: Real-time assessment of demand in the North-East to guide the actual timing and scale of expansion. 2. Above expansion has been planned with internal accruals and with reasonable gearing in the books of accounts. Planned Investment Outflow for plant expansion Comm. Clinker Cement CAPEX FY27 FY28 FY29 year capacity capacity outlay1 Expansion Regions (Year) (MTPA) (MTPA) (INR Cr.) (INR Cr.) (INR Cr.) (INR Cr.) North India - Nimbol IU, Rajasthan FY29 3.3 3.0 2,500 460 1,550 490 - Jhajjar GU, Haryana FY29 - 2.0 580 100 360 120 Tentative Cash Outlay – Projects 3,080 560 1,910 610 1. Currently we are planning to fund all future expansion through internal accruals and debt financing. We target to maintain fiscal prudence and remain below Net debt/EBITDA of 2x. 2. NE expansion – To be evaluated in line with the evolving market demand and business conditions in Northeast. We remain firmly committed to protect our base in Northeast and are making it ground ready in Umrangso and Jorhat to keep ourselves ready for scale up. Lucrative subsidies on offer in both operating states Project Time Subsidies Options Subsidy available cost period • Capital subsidy @23% of EFCI, equally over i 10 Rajasthan – 10y Nimbol 2,500 ii • Net SGST reimbursement @75% of Net SGST - Area Category 1 7 for 7y - Ultra Mega • Turnover Subsidy @1.65% of Total sales from iii 10 Nimbol Maximum Subsidy can be availed based on above 3 options • Net SGST reimbursement @50% of Net Jhajjar GU, Haryana i SGST for 10y - Category C AND 580 - Mega • Capital subsidy @15% of EFCI, equally over 10 years Both [Showing first 8,000 characters — download PDF for full document]