Hindalco Industries Limited

26 %

le Waste Recycling % Recycling of Ash 92 105 105 98 96 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 % Recycling of Bauxite Residue (Excluding Utkal) 107 117 135 104 83 Q2FY25 Q3FY25 Q4FY25 Q1F

78%

2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Safety & Sustainability Updates Hindalco (India) Business 78% of total waste was recycled and reused in Q2 FY26, up from 69% in Q2 FY25 reflecting improved was

69%

pdates Hindalco (India) Business 78% of total waste was recycled and reused in Q2 FY26, up from 69% in Q2 FY25 reflecting improved waste management performance during this monsoon season Increase

4.41 lakh

reen cover through 11,150 sq. m. of Miyawaki plantation completed in H1 FY26 In H1 FY26, planted ~4.41 lakh saplings across locations to enhance greenbelt cover, foster local biodiversity, and improve overa

292 MW

Q2 FY26 Q3 FY26 Q4 FY26 FY26 Exit Safety & Sustainability Updates Hindalco (India) Business 292 MW 177 MW 53 MW ~522 MW • Solar: 188 MW • Wind: 100 MW • Hydel: 4 MW • Solar: 137 MW • Wind: 40 M

177 MW

Q3 FY26 Q4 FY26 FY26 Exit Safety & Sustainability Updates Hindalco (India) Business 292 MW 177 MW 53 MW ~522 MW • Solar: 188 MW • Wind: 100 MW • Hydel: 4 MW • Solar: 137 MW • Wind: 40 MW • Pump

53 MW

6 Q4 FY26 FY26 Exit Safety & Sustainability Updates Hindalco (India) Business 292 MW 177 MW 53 MW ~522 MW • Solar: 188 MW • Wind: 100 MW • Hydel: 4 MW • Solar: 137 MW • Wind: 40 MW • Pumped Stor

522 MW

26 FY26 Exit Safety & Sustainability Updates Hindalco (India) Business 292 MW 177 MW 53 MW ~522 MW • Solar: 188 MW • Wind: 100 MW • Hydel: 4 MW • Solar: 137 MW • Wind: 40 MW • Pumped Storage for

188 MW

fety & Sustainability Updates Hindalco (India) Business 292 MW 177 MW 53 MW ~522 MW • Solar: 188 MW • Wind: 100 MW • Hydel: 4 MW • Solar: 137 MW • Wind: 40 MW • Pumped Storage for RE RTC: 25 MW •

100 MW

bility Updates Hindalco (India) Business 292 MW 177 MW 53 MW ~522 MW • Solar: 188 MW • Wind: 100 MW • Hydel: 4 MW • Solar: 137 MW • Wind: 40 MW • Pumped Storage for RE RTC: 25 MW • Wind: 53 MW •

4 MW

Hindalco (India) Business 292 MW 177 MW 53 MW ~522 MW • Solar: 188 MW • Wind: 100 MW • Hydel: 4 MW • Solar: 137 MW • Wind: 40 MW • Pumped Storage for RE RTC: 25 MW • Wind: 53 MW • Pumped Storage

137 MW

a) Business 292 MW 177 MW 53 MW ~522 MW • Solar: 188 MW • Wind: 100 MW • Hydel: 4 MW • Solar: 137 MW • Wind: 40 MW • Pumped Storage for RE RTC: 25 MW • Wind: 53 MW • Pumped Storage for RE RTC: 40

“Hindalco Q2 FY26 – Earnings Presentation 2 Contents Safety & Sustainability Updates Business Environment Financial Performance Key Summary Hindalco Q2 FY26 – Earnings Presentation 3 Safety & Sustainability Updates Hindalco Q2 FY26 – Earnings Presentation 4”

“Hindalco Q2 FY26 – Earnings Presentation *TWRU: Tertiary water recycling unit #ZLD: Zero liquid discharge 7 Safety & Sustainability Updates Hindalco (India) Business Driving Conservation Efforts to Sustain Biodiversity Creating a Green Wall: Aditya has planted 1,500 fully grown trees to reduce dust emissions within the plant premises, contributing to Hindalco’s mission of ensuring clean air to breathe.”

“of Miyawaki plantation completed in H1 FY26 In H1 FY26, planted ~4.41 lakh saplings across locations to enhance greenbelt cover, foster local biodiversity, and improve overall environmental quality Launched our No Net Loss initiative with habitat restoration near Aditya Aluminium, Odisha and Bharuch, Gujarat - rejuvenating degraded forests and boosting native biodiversity.”

“RBI projects India’s GDP to grow by 6.8% in FY26, up from 6.5% in FY25.”

“Inflation is expected to remain benign, easing to 2.6% in FY26 from 4.6% in FY25.”

“Festive season retail demand has hit a record ₹6 trillion in FY26, up from ₹4.25 trillion last year - early signs of measures like GST rate cut supporting the growth.”

“Hindalco Q2 FY26 – Earnings Presentation 11 LME Trends 2,700 2,600 2,500 2,400 2,300 2,200 2,100 2,000 2,399 2,324 2,263 2,155 2,200 2,190 Economy & Industry Updates 2,519 2,573 Aluminium LME ($ / tonne) 2,629 2,617 2,383 2,447 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Market Snapshot: LME trends influenced by fundamentals, policies, sentiment and tariffs Market Supply: Global production: +~1%.”

“Demand strong in India, Brazil, and Indonesia, offset by weak demand in Europe and North America Outlook : Markets remain balanced – surplus in Rest of World offset by deficit in China Hindalco Q2 FY26 – Earnings Presentation 12 Domestic Aluminium Demand & Supply Economy & Industry Updates In Q2 FY26, the total Indian demand is likely to reach 1,532 Kt (up 8%) primarily led by strong demand in electricals Domestic Scrap Imports Imports Ex.”

“Scrap (Kilo Tons) 1,424 335 1,381 309 1,426 1,439 322 324 468 457 419 445 1,532 334 527 621 616 684 670 671 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26E Hindalco Q2 FY26 – Earnings Presentation 13 Domestic Copper Demand & Supply Economy & Industry Updates Domestic Scrap* Imports Ex.”

“Scrap (Kilo Tons) 380 161 364 158 82 50 137 156 377 153 37 187 423 420 172 184 81 80 170 156 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26E Key Macro Drivers (Q2 FY26 vs Q2 FY25) S.”

Sub

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Zero Harm

1

Shipments

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Ref: a. Regulation 30 (read with Schedule III- Part A) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015; ISIN: INE038A01020 and b. c. Our Intimation dated October 31, 2025. Pursuant to the above referred, kindly note that the Board of Directors of the Company at its meeting held today has inter alia considered and approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2025. Enclosed is the Investor Presentation in this regard. The above is being made available on the Company’s website i.e., www.hindalco.com Sincerely, for Hindalco Industries Limited Geetika Anand Company Secretary and Compliance Officer Encl: a/a Hindalco Industries Limited Registered Office: 21st Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi, Mumbai – 400013, India |T: +91 22 69477000 / 69477150 I F: +91 2269477001/69477090 W: www.hindalco.com |E: hilinvestors@adityabirla.com | Corpor

Zero Harm

Our Commitment to Health & Safety Lost Time Injury Frequency Rate (LTIFR) 0.17 0.25 0.21 0.25 0.27 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Fatality Periods Employee Contractor Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 0 0 0 0 0 1 0 0 1 0 Safety & Sustainability Updates Hindalco (India) Business To reinforce leadership commitment and on-ground safety engagement, each Unit Head to take Night Duty Officer role once every 10 days, followed by their direct reportees. Uniform framework for Occupational Health Centers introduced by The Integrated Health Committee to boost infrastructure, readiness, and employee well-being. Hindalco Q2 FY26 – Earnings Presentation 5 Driving Circularity Through Responsible Waste Recycling % Recycling of Ash 92 105 105 98 96 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 % Recycling of Bauxite Residue (Excluding Utkal) 107 117 135 104 83 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 % Recycling of Copper Slag 103 97 98 113 119 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Safety & Sustainability Updates Hin

Shipments

Metal (KT) In Q2 FY26 down 9% QoQ 117 124 113 201 190 CC Rod Shipments (KT) In Q2 FY26 down 7% QoQ 104 97 90 Q2 FY25 Q1 FY26 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q1 FY26 Q2 FY26 H1 FY25 H1 FY26 1634 1307 829 673 634 EBITDA (₹ Crore) In Q2 FY26 down 6% QoQ 848 820 635 641 637 EBITDA ($/Ton) In Q2 FY26 up 1% QoQ Q2 FY25 Q1 FY26 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q1 FY26 Q2 FY26 H1 FY25 H1 FY26 24 Key Summary Hindalco Q2 FY26 – Earnings Presentation 25 Hindalco Q2 FY26 – Earnings Presentation Key Summary Novelis By 2030 Highly Circular Reach 75% average recycled content across our products Low Carbon Reduce emissions to less than 3 tonnes of CO2e per Tonne of FRP shipped Advancing Aluminium as the material of choice with circular solutions Leader in ROIC Grow profitability to continue to fuel first-mover investments Q2 FY26 Updates Q2 FY26 EBITDA per ton excluding tariff impact is $506/tonne Cost take out run rate over $300 million in exit FY28 Oswego Plant is expected to restart its hot mill in

For Further Queries Please Contact

Subir Sen, Investor Relations Telephone +91 22 6662 6666 E mail: hilinvestors@adityabirla.com Website: www.hindalco.com Registered Office 21st Floor, One Unity Centre, Senapati Bapat Marg, Prabhadevi, Mumbai – 400013 Telephone:- 91 22 6947 7000 Website: www.hindalco.com E mail: hilinvestors@adityabirla.com Thank You Hindalco Q2 FY26 – Earnings Presentation 28 Hindalco Q2 FY26 – Earnings Presentation (₹ Crore) Consolidated : Key Financials Novelis, Aluminium and Copper Businesses *All the figures mentioned are as per the US GAAP 29 ParticularsQ2 FY25Q1 FY26Q2 FY26Change YoY %QoQ Change %H1 FY25H1 FY26Change YoY %Revenue from Operations58,203 64,232 66,058 13%3%1,15,216 1,30,290 13%Earning Before Interest, Tax, Depreciation & Amortisation (EBITDA)Novelis*3,872 3,557 3,685 -5%4%8,042 7,242 -10%Aluminium Upstream3,709 4,080 4,524 22%11%7,202 8,604 19%Aluminium Downstream154 229 261 69%14%264 490 86%Copper 829 673 634 -24%-6%1,634 1,307 -20%Business Segment EBITDA8,564 8,539 9,104 6%7%17,14

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Universal Access (India) Primary Number Secondary Number International Toll Free Numbers USA UK Singapore Hong Kong ACCESS NUMBER (+) 91 22 6280 1303 (+) 91 22 7115 8204 (+) 1 866 746 2133 (+) 080 810 11573 (+) 800 101 2045 (+) 800 964 448 Online Pre-Registration Link Click Here Investor Presentation post announcement of the results (link) Post Earnings Call Recording (link) Reports and Presentations – Hindalco Hindalco Q2 FY26 – Earnings Presentation 35