ULTRACEMCONSE21 July 2025

UltraTech Cement Limited has informed the Exchange about Investor Presentation

UltraTech Cement Limited

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21st July, 2025

BSE Limited Corporate Relationship Department Scrip Code: 532538

The National Stock Exchange of India Limited Listing Department Scrip Code: ULTRACEMCO

Sub: Investor Presentation for the quarter ended 30th June, 2025

Dear Sirs,

Attached is an investor’s presentation on the performance of the Company for the quarter ended 30th June, 2025.

The same is for your information and records please.

Yours faithfully, For UltraTech Cement Limited

Sanjeeb Kumar Chatterjee Company Secretary and Compliance Officer

Encl: a/a

Luxembourg Stock Exchange BP 165 / L – 2011 Luxembourg Scrip Code: US90403E1038 and US90403E2028

Singapore Exchange 11 North Buona Vista Drive, #06-07 The Metropolis Tower 2, Singapore 138589 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

Taking concrete action for a sustainable future

Stock code: BSE: 532538 | NSE: ULTRACEMCO | Reuters: UTCL.NS | Bloomberg: UTCEM IS/UTCEM LX

Results Q1 FY26

01 Macro and Sectoral Update

02 Business Update

03 ESG Update

04 Financial Performance

01 Macro and Sectoral Update

Baikunth Cement Works, Chhattisgarh

Macro Indicators

Interest rate cuts by RBI will support domestic demand. RBI has already cut interest rates by 100 bps in the ongoing easing cycle.

CPI based inflation dropped further in June to 2.1% — the lowest since January 2019. For the quarter, it averaged 2.7%.

Healthy monsoon, coupled with government's focus on agricultural development, will drive rural growth.

After moderation of cement demand growth in fiscal 2025, demand is anticipated to recover in fiscal 2026 with a growth of 7-8%.

Source: Research Reports

Sectoral Update Q1 FY26

Zone

Key drivers ✓ Housing segment growth was impacted due to unseasonal rains and temporary pause in construction activities in border states due

North

Central

East

West

South

to geopolitical tensions

✓ Infrastructure segment registered degrowth on account of unseasonal rains in May and June, completion of major projects and

lack of announcement of new projects

✓ Commercial segment registered overall growth ✓ Housing and rural segment registered degrowth due to shortage of labour on account of harvesting and wedding season, low

government fund allocation in PMAY scheme and other state projects

✓ Infrastructure segment registered degrowth due to completion of major projects and lack of announcement of new projects except

dam and irrigation projects in East Madhya Pradesh

✓ Commercial segment demand remains stable ✓ Housing and rural segment registered growth across regions. Odisha impacted due to delay in fund allocation in PMAY, heavy rains

and floods in June as well as sand and aggregate shortage

✓ Infrastructure segment demand was supported by projects like Patna-Kolkata Expressway, Buxar-Bhagalpur Expressway, Kolkata and

Patna metro expansion, airport expansion in Kolkata and Bagdogra

✓ Commercial segment registered overall growth ✓ Maharashtra: Infrastructure segment demand was supported by projects like Mumbai metro, Mumbai-Delhi Expressway, Nagpur

metro extension, High Speed Rail corridor, various NHAI projects etc.

✓ Housing segment demand was stable. Mumbai and Pune demand was impacted due to unseasonal rains ✓ Commercial segment registered strong growth across all regions ✓ Gujarat: Housing segment registered growth with strong demand led by rural areas ✓ Infrastructure segment continue to degrow on account of near completion of major projects like High-Speed Rail, lack of

announcement of new projects, labour shortage on account of festivities as well as early arrival of monsoon

✓ Commercial segment demand was stable ✓ Housing segment registered growth across regions ✓ Infrastructure segment registered growth on account of projects like Bangalore metro, National Highway Project in Kerala and

Karnataka, Integrated Renewable Energy project in Kurnool, Udangudi port, Bangalore-Vijaywada highway, Vizag airport etc.

✓ Commercial segment registered growth across regions

I: Infrastructure, C: Commercial, H: Housing, R: Rural

PMAY : Pradhan Mantri Awaas Yojana NHAI : National Highway Authority of India

02 Business Update

UltraTech Cement: The largest cement supplier for the construction of Indore Metro railway network line in Madhya Pradesh.

Creative Visuallization

Highlights : Q1

UltraTech has recorded a consolidated volume growth of 9.7% yoy (including India Cements).

Grey cement realisation improved by 2.2% qoq.

Operating EBITDA/Mt of ₹ 1,248, higher by ₹ 337/Mt yoy.

Clinker conversion improved to 1.49 vs 1.44 in last year Q1.

Green Power Mix of 39.5%; reached 1.08 GW of renewable power capacity and 363 MW of WHRS power.

Premium product mix of 33.8%, up 41% yoy.

UBS outlets increased to 4,802 contributing 21% of domestic grey cement sales volume.

Note: Excluding India Cements

India Cements: Key initiatives planned

Conversion of 4/5 stage preheaters to 6 stage preheaters; cooler upgradation; process optimization (to reduce heat consumption).

21.8 MW of WHRS (to reduce cost of power and increase green power).

Multiple productivity, energy efficiency related capex for reducing power consumption. Reliability improvement through digitisation.

Implementation of safety standards, safety practices.

Efficiency gain from planned capex over next two years to start reflecting from Q4FY27

ReadyMix Concrete (RMC): Q1 FY26

UltraTech’s RMC Footprint

397

81 YoY

158

19 YoY

Number of Plants

Number of Cities

3.90

20% YoY

1,826

23% YoY

Volume (Mn m3)

Revenue (₹ Crores)

1.10

22% YoY

Cement Consumed (Mnt)

30%

ROCE%

Sales Performance Overview : Q1 FY26

33.7%

66.3%

18.3%

81.7%

74%

24%

60.1%

39.9%

Trade %

Non Trade %

Bag Sales %

Bulk Sales %

Road

Rail

Sea

Direct Sales

Depot Sales

Domestic operations excluding India Cements

Sales Volumes

Particulars

Q1 FY26

Grey Cement – Domestic (Incl. India Cements)

Cement Export

White Cement

Overseas (Grey + White)

Inter-Company Elimination

34.64

0.13

0.47

1.77

-0.18

Volume in Million tons

Growth % (YoY)

8.7%

-28.0%

8.3%

45.0%

Consolidated Sales Volumes

36.83

9.7%

Growth % calculated based on restated Q1FY25 for Kesoram

UltraTech: marching ahead

Grey cement capacity (mtpa) – India

Grey Cement Capacity in India (mtpa)

183.4

197.5

212.2

140.8

FY24

FY25

FY26

FY27

Zones

North

Central

East

West

South All India Overseas Overall

Exit Mar-25

Apr to Jun 25

Jul to Mar-26

1.1

1.8

0.6

3.5

3.0

2.5

1.8

3.3 10.6

35.2

31.1

33.3

33.4

50.5 183.4 5.4 188.8

FY27

2.7

6.6

5.4 14.7

Exit Mar-27

42.0

32.9

42.4

35.8

59.2 212.2 5.4 217.6

Spread over 82 locations across the country by FY27

Organic growth plans on track

Particulars

Unit

Project

Cement Capacity (Mtpa) 183.4

Particulars

Unit

Project

To be commissioned in FY27

Cement Capacity (Mtpa)

Capacity as at March-25

d e n o i s s i

m m o C

e t a d

l l i t

Nagpur, Maharashtra (Debottlenecking)

Panipat, Haryana (Debottlenecking)

Jhajjar, Haryana (Debottlenecking)

Banswara, Rajasthan (Debottlenecking)*

Maihar, Madhya Pradesh (Phase II)

Patratu, Jharkhand

Shahjahanpur, Uttar Pradesh

Nathdwara, Rajasthan

Dhule, Maharashtra (Phase II)

Visakhapatnam, Andhra Pradesh

Parli, Maharashtra

Panvel, Maharashtra

Capacity addition in FY26 (Excl. BT)

0.6

0.4

0.3

1.8

2.5

1.8

1.2

0.6

3.3

1.2

1.0

14.1

Aligarh, Uttar Pradesh

Bihar

West Bengal

APCW, Andhra Pradesh

Andhra Pradesh

Gujarat

Karnataka

Assam

Tamil Nadu

Capacity addition in FY27 (Excl. BT)

2.7

3.3

2.7

1.2

1.8

14.7

G : Greenfield, B : Brownfield, GU : Grinding Unit, IU : Integrated Unit, BT : Bulk Terminal

* India Cements Unit

UltraTech Building Products

UltraTech TILEFIXO launches 16 new products for tile & marble installation

03 ESG Update

Leading in Sustainable Mining

Award Highlights

✓ Naokari Limestone Mine

India’s First-Ever 7-Star Rating

• Recognized for Zero-Waste Mining •

Innovative use of lime sludge & paper mill waste to extend mine life

✓ 12 Limestone Mines

Awarded 5-Star Ratings

• For excellence in sustainable mining practices

Scientific & efficient mining

Environmental protection & green energy

Community engagement & welfare

Technology-driven mineral processing

Conceptualised by the Ministry of Mines, the Star ratings are based on adoption of best practices for implementation of Sustainable Development Framework in mining.

Championing Sustainable Packaging

FIPSA-2025 Responsible Packaging Award Winner ✓ Recognized for innovative cement packaging made with 50%

recycled polypropylene (rPP)

✓ Selected for excellence in design, innovation, and sustainability

Impactful Innovation ✓ Used 20 million rPP bags ✓ Consumed 650 metric tonnes of recycled plastic ✓ Achieved 43% reduction in virgin plastic usage for these bags

Driving Circularity & Environmental Stewardship ✓ Diverts plastic waste from landfills ✓ Promotes responsible resource management ✓ Advances material circularity in packaging

FIPSA 2025, organised by the Foundation for Innovative Packaging and Sustainability (FIPS) in association with the National Institute of Design (NID), Madhya Pradesh, and the Ministry of Commerce & Industry, Government of India, honours organisations demonstrating excellence in responsible packaging solutions.

Advancing Carbon Capture Innovation

Strategic Collaboration

✓ UltraTech partners with IIT Madras and BITS Pilani Goa for CCU pilot in

cement sector

Project Highlights

✓ The project shall run for a duration of three years and aims to develop indigenous CCU-based technology for decarbonisation of the Indian cement industry.

✓ UltraTech will contribute 25% of the total project cost and assist in the

setup and implementation of a prototype at one of its cement manufacturing plant.

✓ The project aims to establish a carbon capture plant with 1 TPD capture

capacity, integrated with an existing cement plant, as well as mineralisation and curing strategies to utilise the captured CO2.

Sustainability Impact

✓ Positions UltraTech at the forefront of climate-tech innovation in cement. ✓ Reinforces commitment to net-zero goals and low-carbon manufacturing.

CCU: Carbon Capture and Utilization

ESG Scorecard

1.44

1.49

20.4%

17.3%

Q1FY25

Q1FY26

Clinker Conversion (times)

Q1FY25

Q1FY26

WHRS Power Mix (%)

6.7%

19.1%

5.9%

10.6%

Q1FY25

Q1FY26

Alternative Fuel Mix (%)

Q1FY25

Q1FY26

Renewable Power Mix (%)

Domestic grey cement operations excluding India Cements

ESG Ratings

S&P Global CSA Score (2024)

S&P Global CSA Rank (2024) (DJSI, Sector: Construction Materials)

Climate (2024)

Water (2024)

ESG Score (2023)

ESG Rating (2024)

NSE Sustainability Ratings & Analytics (2024)

9th

Ongoing CSR initiatives

Hirmi Cement Works

Education out-reach to 8,385 students

Kotputli Cement Works 32,033 people benefitted from various healthcare initiatives conducted

Baikunth Cement Works

Awarpur Cement Works

11,925 people benefited through different social reform programs.

607 people gained skills at various plant locations; to boost employability and entrepreneurship

04 Financial Performance

Revenues

Particulars

Q1 FY26

₹ Crores Growth % (YoY)

Grey Cement – Domestic (Incl. India Cements)

17,856

Cement Export & Others

White Cement

ReadyMix Concrete (RMC)

Building Products

Overseas (Grey + White)

Elimination

131

570

1,826

225

941

-509

11.4%

-4.7%

-2.8%

23.0%

21.0%

56.4%

Consolidated Revenues

21,040

13.0%

Growth % calculated based on restated Q1FY25 for Kesoram

Profitability

EBITDA (₹ Crores)

1.44x YoY

4,721

4,591

PAT (₹ Crores)

1.49x YoY

2,482

2,226

3,186

1,495

Q1FY25

Q4FY25

Q1FY26

Q1FY25

Q4FY25

Q1FY26

Q1FY25 numbers has been restated for Kesoram

Sales Realisation (UltraTech Brand)

t n e m e C y e r G c i t s e m o D

) t

M / ₹ ( n o i t a s i l

a e R

5,045

5,052

5,165

Realisation

Q1FY25

Q4FY25

Q1FY26

➢ Realisation improved 2.4% yoy and 2.2% qoq.

Realisation = Selling Price less GST and Discounts

Key Cost Indicators (Grey Cement): Q1 FY26

% of total costs

₹ / Mt

Logistics

31%

1,158

Fuel

22%

871

Power

10%

356

Raw Materials

16%

628

4% decline yoy and 2% decline qoq

13% decline yoy

and 1% decline qoq

8% decline yoy

and flat qoq

2% increase yoy and 1% qoq

Domestic operations excluding India Cements

Variance % calculated based on restated Q1FY25 for Kesoram

Logistics Cost (Grey Cement)

) t

M / ₹ (

t s o c

s c i t s i g o L

1,211

1,182

1,158

yoy cost decrease: 4%

➢ Primary lead distance reduced to 370 kms in Q1FY26

vs. 386 kms in Q1FY25

➢ Improvement in operating efficiencies and due to

increased cement capacity

Q1FY25

Q4FY25

Q1FY26

qoq cost decrease: 2%

➢ Primary lead distance reduced to 370 kms in Q1FY26

vs. 384 kms in Q4FY25

Domestic Operations excluding India Cements

Last year numbers has been restated for Kesoram

Fuel Cost (Grey Cement)

1,012

881

871

) t

M / ₹ (

t s o c

e u F

Q1FY25

Q4FY25

Q1FY26

qoq cost decrease: 1% and yoy cost decrease: 14%

➢ Blended imported fuel consumption (CV: 7500) at

$ 127/t; 5% higher qoq and 14% lower yoy.

➢ Savings on account of improved clinker conversion to

1.49 vs 1.44 yoy.

2.00

1.84

1.76

1.73

1.78

Q1 25

Q4 25

Q1 26

54%

58%

55%

52%

37%

Q1 25

Q4 25

Q1 26

a c K / ₹ : e t a R

e u F

% x i M n o i t p m u s n o C e k o c t e P

Domestic Operations excluding India Cements

* Fuel Rate ₹/Kcal = cost per Mt of fuel/Net CV (Net off moisture loss)

Last year numbers has been restated for Kesoram

Power Cost (Grey Cement)

389

358

356

Q1FY25

Q4FY25

Q1FY26

Green Power Mix (%)

39.5%

34.4%

27.9%

Q1 25

Q4 25 Q1 26

) t

M / ₹ (

t s o c

r e w o P

16.4%

Q1 23

yoy cost decrease: 8%

➢ Green Power Mix has increased to 39.5% vs. 27.9% in

Q1FY25

➢ Efficiency improvement

Domestic Operations excluding India Cements

Last year numbers has been restated for Kesoram

Sources of Power (Grey Cement) : Q1 FY26

Particulars

Captive Thermal Power

State Grid and Others

Renewable Energy

WHRS

Power Cost (₹/Kwh)

Total Power Consumed (Kwh/t. of Cement)

Capacity (MW)

1,333

1,082

363

Power Mix (%)

Rate (₹/Kwh)

6.7

7.1

4.5

0.8

38.4%

22.1%

19.1%

20.4%

5.1

69.3

Domestic Operations excluding India Cements

Raw Material Cost (Grey Cement)

) t

M / ₹ (

t s o c

i r e t a M w a R

100

Q1 23

614

622

628

Q1FY25

Q4FY25

Q1FY26

Raw Material Cost index

➢ Clinker conversion at 1.49 vs. 1.44 in Q1 FY25.

qoq increase: 1% and yoy cost increase: 2%

109

103

Q1 25

113

100

110

100

Q4 25 Q1 26

Fly ash

Limestone Raising

Gypsum

Domestic Operations excluding India Cements

Last year numbers has been restated for Kesoram

Other Costs

774

626

687

Q1FY25

Q4FY25

Q1FY26

WPI index

100

101

100

Q1 25

Q4 25 Q1 26

) t

M / ₹ (

s t s o c

r e h t O

100

Q1 23

qoq cost increase: 10% and yoy cost decrease: 11%

➢ Operating leverage impact on qoq.

Domestic Operations excluding India Cements

Last year numbers has been restated for Kesoram

Operational Performance: Q1 FY26

Q1FY25

Standalone 18,081 200 182 18,463

Consolidated* 18,626 193 169 18,987

2,654 402 (22) 747 4,632 4,393 2,516 15,323 3,141 911

2,839 411 (20) 779 4,788 4,428 2,575 15,801 3,186 899

Particulars

Net Sales Operating Income Other Income Total Income Expenses: Raw Materials Consumed Purchase of Traded Goods Changes in Inventory Employee Costs Power and Fuel Logistics Cost Other Expenses Total Expenses EBITDA Operating EBITDA (₹/Mt)

₹ Crores

Q1FY26

Standalone 19,398 237 154 19,790

Consolidated* 21,040 236 180 21,456

2,927 792 (136) 847 4,293 4,396 2,314 15,433 4,356 1,248

3,433 535 (149) 972 4,862 4,649 2,563 16,865 4,591 1,198

*After elimination of inter company transactions

Q1FY25 numbers has been restated for Kesoram

Financial Statement: Q1 FY26

Q1FY25

Standalone

Consolidated*

Particulars

₹ Crores

Q1FY26

Standalone

Consolidated*

18,081

3,141

291

890

366

18,626

3,186

326

918

363

(1)

Net Sales

EBITDA

Finance Costs

Depreciation and Amortization

Exceptional Expense

Tax expenses

Share of Profit/(Loss) from JVs & Associates

Minority interest

19,398

4,356

370

975

779

21,040

4,591

433

1,107

787

(4)

(5)

1,507

1,495

PAT

2,232

2,226

*After elimination of inter company transactions

Q1FY25 numbers has been restated for Kesoram

Financial Position

Mar-25

Standalone

Consolidated

Particulars

82,881

12,999

(2,997)

92,883

69,677

19,460

4,452

15,008

8,198

92,883

1,02,268

Net Fixed Assets^

1,651

(2,847)

Non-Current Investments

Net Working Capital

1,01,073

Application of funds

73,890

23,031

5,362

17,669

9,514

Shareholders Fund (Incl. Minority Interest)

Gross Debt

Less: Treasury Surplus

Net Debt

Deferred Tax Liability

1,01,073

Sources of funds

₹ Crores

Jun-25

Standalone

Consolidated

84,110

13,274

(3,477)

93,906

71,905

19,137

5,426

13,711

8,291

93,906

1,03,476

1,679

(3,067)

1,02,088

76,139

22,803

6,462

16,340

9,609

1,02,088

^Includes goodwill and asset held for sale

Awards and Accolades

UltraTech Cement’s two units shine at the 22nd CII National Circle Competition 2025

Kukurdih Cement Works and Sidhi Cement Works, emerged as standout performers at the prestigious 22nd CII National Circle Competition 2025.

These achievements underscore UltraTech Cement’s unwavering commitment to innovation, sustainability, and operational excellence driven.

Rawan Cement Works secures gold at the 9th Apex India Green Leaf Award 2024

Rawan Cement Works has earned a gold award at the Apex India Green Leaf Award 2024 for environmental excellence in the cement sector. Instituted by the Apex India Foundation, the award recognises exceptional commitment to environmental sustainability and operational excellence.

Gold for Sewagram Cement Works at Energy Conservation Competition, QCFI 2025

Sewagram Cement Works won Gold Award at the Energy Conservation Competition 2025, organised by Quality Circle Forum of India. Our project “Efficiency Improvement by Installation of Vapor Absorption Machine (VAM) and Air Handling System (AHU) for Power Optimisation,” stood out for its innovation and relevance.

Disclaimer

Statements in this ‘presentation’ describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make difference to the Company’s operations include global and Indian demand supply conditions, finished goods prices, feedstock availability and prices, cyclical demand and pricing in the Company’s principal markets, changes in governmental regulations, tax regimes, economic developments within India and the countries within which the Company conducts business and other factors such as litigation and labour negotiations. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statement, due to any subsequent development, information or events, or otherwise.

UltraTech Cement Limited Regd. Office: Ahura Centre, Mahakali Caves Road, Andheri (E), Mumbai – 400 093 [Corporate Identity Number L26940MH2000PLC128420]

www.ultratechcement.com or www.adityabirla.com investorrelations.utcl@adityabirla.com

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