Slide 1: Regulation 30 filing cover letter to NSE and BSE
July 28, 2026 To, National Stock Exchange of India Limited BSE Limited Scrip Symbol: ACC Scrip Code: 500410 Dear Sir/ Madam, Subject: Investor Presentation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. In continuation of our letter dated July 14, 202
Slide 2: Ambuja Cements Investor Presentation Q1 FY2027
Ambuja Cements Investor Presentation | Q1 FY2027
Slide 3: Agenda
Adani Group Performance Annexures Profile Highlights 1 2 3 4 5 Strategic ESG Initiatives Updates 2
Slide 4: Adani Group Profile
01 Adani Group Profile Landmark Project (Built using Adani Cement): Navi Mumbai International Airport Limited (NMIAL) 3
Slide 5: Adani Portfolio: A world class infrastructure and utility portfolio
Adani Portfolio: A world class infrastructure and utility portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Other Incubator Materials, Metal Energy & Utility Transport & Logistics Specialty & Mining (74.84%) (62.43%) (74.96%) (66.03%) (67.29%)3 AEL1 AGEL APL APSEZ Ports & L
Slide 6: Adani Portfolio: Best-in class growth with national footprint
Adani Portfolio: Best-in class growth with national footprint Predictable, high and rising free cash flow National footprint with deep coverage EBITDA Tax paid 94,834 Finance cost paid CAT (FFO) 67,995 (72%) EBITDA 24,870 AEL 12,784 APSEZ (51%) 22,259 Adani’s Core Infra. AGEL (23%) Platform – ATGL 3
Slide 7: Adani Portfolio: Repeatable, robust & proven transformative model of investment
Adani Portfolio: Repeatable, robust & proven transformative model of investment DEVELOPMENT1 OPERATIONS CONSUMERS 2 New C.E.O. Adani Infra (India) Limited | Cemindia Projects Ltd. | PSP Projects Ltd. Operations (AIMSL) Consumer I Employees I Other Stakeholders Origination Site Development Constructi
Slide 8: Strategic Initiatives
02 Strategic Initiatives 7 Landmark Project (Built using Adani Cement): Ganga Expressway
Slide 9: PAN India Presence
PAN India Presence Presence in 31 states & union territories and 665+ districts For the Quarter Ended June 30, 2026 Gagal Darla / Suli 109 MTPA 63.7% Ropar Nalagarh Asian Nalagarh Cement Capacity Clinker factor Rajpura Bhatinda Roorkee Dadri Kymore Rabriyawas Ametha 24 22 Marwar Integrated Units Gri
Slide 10: Strategic Initiatives to Drive Performance
Strategic Initiatives to Drive Performance Sales Manufacturing − Hyperlocal and Segmented Sales strategy basis market − Focus on blended cement production, long term sourcing of share and contribution. Flyash − Focus on value over volumes, trade and premium products − Maximize RE share to optimize p
Slide 11: Performance Highlights
03 Performance Highlights Landmark Project (Built using Adani Cement): Atal Setu (MTHL) 10
Slide 12: Industry Outlook
Industry Outlook West Asia Conflict may impact the Indian Economy Macro Economic Factors Segment wise Cement Demand Macro • Strong domestic economic fundamentals and demand to drive economic growth Economics • GDP projected to grow by 6.6%-6.8% in FY2027 commercial • CPI inflation expected to be ave
Slide 13: Impact of West Asia War
Impact of West Asia War Imported Petcoke CFR (USD/t) South African Coal FOB - RB1 (USD/t) Exchange Rate (USD to INR) 160 110 108 135 97 94.7 94.6 115 118 106 87 83 89.9 88.8 85.5 Jun'25 Sept'25 Dec'25 Mar'26 Jun'26 Jun'25 Sept'25 Dec'25 Mar'26 Jun'26 Jun'25 Sept'25 Dec'25 Mar'26 Jun'26 HSD(Rs/ltr) •
Slide 14: Value Focus
Consolidated Performance Highlights EBITDA IMPROVEMENT by Rs 196 PMT EBITDA PMT improved sequentially to Rs 931 PMT BLENDED CEMENT COST REDUCTION 85% by Rs 206 PMT Share up 5 pp YoY. Clinker factor Achieved sequentially through improved by 2.1 pp YoY to 63.7% focused optimization 04 01 Value Focus P
Slide 15: Consolidated Q1FY'27 Highlights: Focused on Quality Earnings
Consolidated Highlights: FY’26 Consolidated Q1FY’27 Highlights: Focused on Quality Earnings Sales Volume (MnT) Cement Cost (Rs/t) * EBITDA (Rs PMT) Trade Sale up by 4 pp Q-o-Q Cost Reduction Q-o-Q Improvement Q-o-Q -14% -206 +196 1,069 19.9 4,324 4,447 4,241 931 18.4 17.1 735 Q1FY’26 Q4FY’26 Q1FY’27
Slide 16: Key Investment Highlights
Builders of Progress in India Key Investment Highlights • Cement capacity stood at 109 MTPA as on 30th June 2026 and is expected to increase to 119 MTPA by FY’27. 1 • Trial production commenced: Dahej (1.2 MTPA), Salai Banwa (2.4 MTPA), Bathinda (1.2 MTPA) and Jodhpur (2 MTPA). Capacity Roadmap • Ka
Slide 17: Growth Trajectory
Growth Trajectory Capacity (MTPA) Cost Reduction Journey 109 119 68 Rs 4,447 PMT (Mar’26 Q) c At the time of acquisition As of 30th Jun’26 Target (FY’27) Rs 4,241 PMT (Jun’26 Q) Green Power Capacity (MW) WHRS RE Rs ~4,250 PMT 1,122 (FY’27 E) 973 228 376 40 83 Rs ~4,000 PMT At the time of acquisition
Slide 18: Ambuja Cements – Cement Volumes
Consolidated Performance Highlights Ambuja Cements – Cement Volumes 74% 74% 78% Cement Volumes (MnT) Trade Cement Sale (%) Trade Sale up by 4 pp Q-o-Q Q1FY’26 Q4FY’26 Q1FY’27 -14% 82% 85% 80% 19.9 18.4 Blended Cement Mix 17.1 (%) Q1FY’26 Q4FY’26 Q1FY’27 33% 36% 34% Premium Cement (%) (As % of Trade
Slide 19: Ambuja Cements – Key Financial Metrics
Consolidated Performance Highlights Ambuja Cements – Key Financial Metrics Revenue (₹ Cr) NSP (₹/bag Cement) ✓ Focus on trade sales and -13% +1% premium cement. 10,289 10,916 261 254 257 9,500 ✓ Higher share of blended cement, lower clinker factor, increasing share of green Q1FY’26 Q4FY’26 Q1FY’27 Q
Slide 20: Ambuja Cements – Raw Material and Power & Fuel Costs
Consolidated Performance Highlights Ambuja Cements – Raw Material and Power & Fuel Costs Raw Material (₹/ton)* Blended Share (%) Clinker Factor (%) − Source mix optimization 85% − Rail mode transportation of Fly +8% 82% Ash 80% 683 674 − Higher share of Blended cement, 625 resulting on lower clinker
Slide 21: Ambuja Cements – Freight & Forwarding Cost and Other Expenses
Consolidated Performance Highlights Ambuja Cements – Freight & Forwarding Cost and Other Expenses Freight & Forwarding cost (₹/ton) Direct Dispatch (%) Primary lead (kms) − Maximizing home market sales -1% 61% at each plant level 58% 1,305 1,310 1,295 57% − Source to market mapping, 269 optimizing t
Slide 22: EBITDA PMT Bridge (Q-o-Q)
Consolidated Performance Highlights EBITDA PMT Bridge (Q-o-Q) Rs/ton 206 45 55 931 735 Q4 FY’26 Cost Price Others including RMX Q1 FY’27 Achieved a cost reduction of Rs 206 PMT sequentially through focused cost optimization initiatives, despite headwinds from West Asia conflict 21
Slide 23: Ambuja Consolidated Performance Highlights
Consolidated Performance Highlights Ambuja Consolidated Quarter Ended Particulars UoM YoY QoQ Jun’26 Jun’25 Mar’26 Change Change Volume MnT 17.1 18.4 (7%) 19.9 (14%) Revenue from Operations ₹ Cr 9,500 10,289 (8%) 10,916 (13%) EBITDA ₹ Cr 1,589 1,961 (19%) 1,465 8% EBITDA Margin % 16.7% 19.1% (2.3pp)
Slide 24: Ambuja Consolidated – PAT Reconciliation (QoQ)
Consolidated Performance Highlights Ambuja Consolidated – PAT Reconciliation (QoQ) Jun'26 Jun'25 Mar'26 Particulars (Q1 FY'27) (Q1 FY'26) (Q4 FY'26) Reported PAT 660 1,041 1,857 Add: Stamp Duty 90 Impact of new labour code 13 Voluntary Severance Scheme 241 Tax Impact 22 10 Less: Deferred Tax credit
Slide 25: Clinker and Cement (CLC) Sales Volumes
Consolidated Performance Highlights Clinker and Cement (CLC) Sales Volumes MnT Companies Jun'25 Q Mar’26 Q Jun'26 Q vs QoQ vs YoY Listed companies Ambuja (Incl Sanghi, Penna) 12.7 14.4 12.0 (17%) (6%) ACC (Incl Rajpura) 10.8 12.2 10.2 (16%) (6%) Orient 1.2 1.6 1.5 (2%) 23% Gross Cement Sales 24.8 28
Slide 26: Ambuja Standalone Performance Highlights
Standalone Performance Highlights Ambuja Standalone Quarter Ended Particulars UoM YoY QoQ Jun’26 Jun’25 Mar’26 Change Change Volume MnT 11.7 11.5 2% 13.2 (11%) Revenue from Operations ₹ Cr 6,328 6,148 3% 6,974 (9%) EBITDA ₹ Cr 935 1,024 (9%) 649 44% EBITDA Margin % 14.8% 16.7% (1.9pp) 9.3% 5.5pp EBI
Slide 27: ESG Overview
04 ESG Overview 26 Landmark Project (Built using Adani Cement): Chenab Railway Arch Bridge
Slide 28: ESG updates: ESG credentials and credit ratings
ESG updates Impressive ESG credentials and resilient credit ratings Ratings confirm a differentiated ESG position; priority is to convert leadership into investor confidence, disclosure credibility and targeted upgrades in low-scoring areas. Sustainalytics Rating S&P CSA net strength Indian validati
Slide 29: ESG Dashboard
ESG updates ESG Dashboard Material topic Ambuja Q1FY’27 ACC Q1FY’27 UN SDGs Climate & Energy (Gross specific CO2 574 470 emissions - Kg/T) Climate & Energy (Green Power) * 33% 31% Circular Economy (Use of waste derived 2.7 2.5 resources in MnT) Water & Nature (Water Positive) 4.7x 0.4x Water & Natur
Slide 30: Blending progress with sustainability: GRIHA certified
adani adani i coi | adani BLENDING PROGRESS WITH SUSTAINABILITY... GRIHA CERTIFIED! Ambuja Cement and ACC, entire blended cement range - including B2B focused products BuildCem and BuildCem Pro, features in the GRIHA catalogue. a) Covers Blended Products for IHBs and B2B projects | Dp Innovation | @
Slide 31: Corporate Social Responsibility - People and Community
ESG updates Corporate Social Responsibility - People and Community Sustainable Livelihood Women empowerment SHG Climate Action Healthcare formation, Drip Irrigation Water Resource Management- General Health Camps Specialty Health enterprise development, Livestock and Dairy Rainwater Harvesting, Tree
Slide 32: Board & Committee Structure
ESG updates Board & Committee Structure 100% Chaired by IDs IDs Board of Directors Statutory Committees > 50% Independent Directors - Audit 🗹 Comprised of only Independent - Nomination & Remunerations 🗹 Directors - Stakeholder Relationship 🗹 100% of - Corporate Social Responsibility 🗹 Statutory…
Slide 33: Annexures
05 Annexures 32 Landmark Project (Built using Adani Cement): World One Worli (Mumbai)
Slide 34: Glimpse of Special Events
Glimpse of Special Events SamvAAAd B2B event Dhan Varsha Creating meaningful conversation that strengthens Driving partner engagement through rewarding B2B business relationship and market connect experiences and deeper channel partnership Bharat BuildCon – NAREDCO Conclave Strengthening our presenc
Slide 35: Accolades & Awards: Q1 FY'27
Accolades & Awards: Q1 FY’27 01 02 03 Adani Cement’s Jamul plant received the Adani Cement’s Bathinda plant has Adani Cement brands – Ambuja Cements & distinguished Silver Award, honouring its received the distinguished Bronze Award, ACC have been honoured with 5 dedication to high standards in EHS
Slide 36: Historical Financial Performance | Consolidated Profit & Loss (Published)
Historical Financial Performance | Consolidated Profit & Loss (Published) Particulars Unit FY24 FY25 FY26 Q1FY’27 Q1FY’27 Insights Revenue from Operations ₹ Cr 33,160 35,336 40,656 9,500 Other Income ₹ Cr 1,166 2,654 834 169 Total Income ₹ Cr 34,326 37,991 41,490 9,669 17.1 MnT Raw Material Cost ₹ C
Slide 37: Ambuja Consolidated – PAT Reconciliation
Historical Financial Performance | Consolidated Profit & Loss Ambuja Consolidated – PAT Reconciliation Year Ended Particulars (Rs Cr) FY’26 FY’25 Profit after Tax (Reported) 5,637 5,294 Excise duty refund (826) Government Grant (accrual)/provided for 223 (138) Interest on income tax (205) (1,539) Ch
Slide 38: Historical Financial Performance | Consolidated Balance Sheet (Published)
Historical Financial Performance | Consolidated Balance Sheet (Published) As on As on As on Particulars Unit 31-Mar-24 31-Mar-25 31-Mar-26 Assets Non-Current Assets Property, Plant and Equipments ₹ Cr 19,987 25,049 33,801 Right of Use Assets ₹ Cr 758 1,465 1,483 Capital Work-in-Progress ₹ Cr 2,658 9
Slide 39: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Ambuja Cements Limited (“Ambuja”), the future outlook and growth prospects, and futu