Hindalco Industries Limited · NSE:HINDALCO
Hindalco Industries — Q1 FY26 Earnings Presentation
43 slides from Hindalco Industries's earnings presentation, Aug 12, 2025
Slide 1: Hindalco Industries Limited Q1 FY26 Earnings Presentation
Hindalco Industries Limited Q1 FY26 Earnings Presentation 12th Aug 2025 1 1
Slide 2: Safe harbor statement
Safe harbor statement Certain statements in this report 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 a difference to the company’s operat
Slide 3: Contents
Contents TOC Hindalco Industries Ltd Hindalco : Safety & Sustainability Updates Business Environment : Economy and Industry (Global & Domestic) Hindalco : Financial Performance Hindalco : Financial & Operational Performance-Business-wise Key Summary 3
Slide 4: Hindalco Safety & Sustainability Updates
Q1 FY26 EARNINGS Hindalco Safety & Sustainability Updates 4
Slide 5: Health and Safety is our top priority
Sustainabilityupdates Health and Safety is our top priority Hindalco Safety Initiatives SME* programs were Implemented a digital safety Focusing on report platform, improving conducted on key safety topics reduction in LTIFR response time and better analysis including Hot Work, Gas Cylinder Safety,
Slide 6: Our focus on recycling of wastes for a circular economy
Our focus on recycling of wastes for a circular economy Sustainabilityupdates Hindalco Sustainability Initiatives In Q1 FY26, 1.12 lakh MT of In Q1 FY26, 3.92 lakh MT of 98% of total waste Utkal bauxite residue was sent to phosphogypsum was co-processed recycled and reused in cement plants, and 76,0
Slide 7: Our focus on conservation of precious water resources
Our focus on conservation of precious water resources Sustainabilityupdates Hindalco Sustainability Initiatives Water Recycling: A 100 KLD Tertiary Water Belagavi is building an In Q1 FY26, 26.4% of Recycling Unit is being 80,000 m³ rainwater 19.37 million m³ water installed at Hirakud to reduce har
Slide 8: Our unwavering commitment to protect biodiversity
Our unwavering commitment to protect biodiversity Sustainabilityupdates Hindalco Sustainability Initiatives GREENBELT AND BIODIVERSITY The inaugural TNFD* report BMPs have been has been published, marking implemented across 39 the adoption of the TNFD locations out of 41 framework to manage nature-
Slide 9: Steady transition towards greener energy mix
Steady transition towards greener energy mix Sustainabilityupdates Hindalco Sustainability Initiatives GREEN ENERGY & EMISSIONS CONTROL 189 MW 9 MW 100 MW ~300 MW Total renewable 9MW of Solar is 100 MW Hybrid Target to capacity stands at underway Capacity (with reach 300 MW 189 MW (largely solar and
Slide 10: Quarterly Financial Snapshots
Q1 FY26 EARNINGS Hindalco Quarterly Financial Snapshots Consolidated & Business-wise 10
Slide 11: Financial Snapshot (Q1 FY26 vs Q1 FY25)
Financial Snapshot (Q1 FY26 vs Q1 FY25) ConsolidatedFinancialPerformance Novelis, Aluminium and Copper Businesses Change Particulars UOM Q1 FY25 Q1 FY26 YoY Consolidated (₹ Crore) Shipments KT 951 963 1% Q1 FY26 Revenue $ Billion 4.19 4.72 13% 64,232 13% 8,539 Flat 4,004 30% Novelis* Business Segmen
Slide 12: Business Environment
Q1 FY26 EARNINGS Business Environment Economy & Industry Updates 12
Slide 13: Global Economy
Global Economy Economy&IndustryUpdates Global GDP GDP Growth (% YoY) 6.6 5.2 4.1 3.8 3.4 3.4 3.5 3.4 3.7 3.6 3.5 3.3 3.3 2.9 3.0 Global GDP to moderate to 3% in 2025 vs 3.3% in 2024 (IMF, July 2025) CY10 CY11 CY12 CY13 CY14 CY15 CY16 CY17 CY18 CY19 CY20 CY21 CY22 CY23 CY24 CY25F -2.7 Outlook Risks G
Slide 14: Indian Economy
Indian Economy Economy&IndustryUpdates Domestic GDP GDP Growth (% YoY) 9.7 9.2 8.5 8.0 8.3 7.9 7.4 7.6 6.4 6.8 6.5 6.5 6.5 5.2 5.5 GDP growth to 3.9 remain stable at 6.5% in FY26. (RBI) FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25E FY26F -5.8 Outlook Risks RBI proj
Slide 15: Global Aluminium: Demand & Supply Balance
Global Aluminium : Demand & Supply Balance Economy&IndustryUpdates Global Aluminium Industry ( In Million Tons) Production Consumption Balance 2% 3% 40.0 40.0 36.4 36.6 35.8 35.7 35.0 35.0 30.0 30.0 25.0 25.0 1.1% 3% 0.2 -0.2 20.0 18.3 20.0 18.4 18.9 18.0 22.6 21.6 21.9 -0.5 21.1 0.9 0.9 -0.3 15.0 1
Slide 16: Domestic Aluminium: Demand & Supply
Domestic Aluminium : Demand & Supply Economy&IndustryUpdates Domestic Aluminium Industry ( All Figures in Kilo Tons) 1442 1314 1433 1403 1426 621 616 684 669 573 278 344 337 327 322 463 468 450 419 445 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26E In Q1 FY26, the domestic demand is likely to reach 1,442
Slide 17: FRP Global & Domestic Demand
FRP Global & Domestic Demand Economy&IndustryUpdates Aluminium FRP Industry Global FRP Demand is estimated to grow by 3% in CY25 (ex-China) vs 6% in CY24 Beverage Packaging Automobile Specialty Aerospace CAGR 4% - CY23-31 (Ex China) CAGR 6% (CY25-28) Growth Rate @Global GDP% CAGR 4% (CY23-30) • Sust
Slide 18: Global Refined Copper: Demand & Supply
Global Refined Copper : Demand & Supply Economy&IndustryUpdates Global Copper Industry ( In Million Tons) Production Consumption Balance 16.0 16.0 3% 4% 14.0 13.6 14.0 13.4 25.8 12.9 12.0 12.0 10.0 10.0 5% 7.3 7.3 1% 8.0 8.0 7.7 0.3 0.1 7.2 7.3 6.3 6.8 6.9 5.9 6.7 5.8 -0.3 -0.5 6.0 6.0 5.7 1.6 1.5 0
Slide 19: Domestic Refined Copper: Demand & Supply
Domestic Refined Copper : Demand & Supply Economy&IndustryUpdates Domestic Copper Industry (Figures In Kilo Tons) Domestic Supply Import Ex. Scrap Scrap 1 423 356 380 364 377 170 137 147 156 187 82 81 54 50 37 155 161 158 153 172 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26E Key Macro Drivers (Q1 FY26 vs
Slide 20: Financial Performance
Q1 FY26 EARNINGS Financial Performance Hindalco Industries Ltd 20
Slide 21: P&L: Consolidated Key Metrics
P&L : Consolidated Key Metrics ConsolidatedFinancialPerformance Novelis, Aluminium and Copper Businesses Revenue (₹ Crore) Business Segment EBITDA (₹ Crore) 9,774 64,890 64,232 8,578 8,539 57,013 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 PBT after Exceptional Items (₹ Crore) Profit after Tax (
Slide 22: Balance Sheet: Debt & Leverage
Balance Sheet : Debt & Leverage ConsolidatedFinancialPerformance Novelis, Aluminium and Copper Businesses Consolidated Debt (₹ Crore) Particulars (Consolidated) 30-Jun-24 30-Sep-24 31-Dec-24 31-Mar-25 30-Jun-25 Gross Debt 54,019 59,121 63,696 61,932 63,330 Treasury Balance 18,489 23,088 21,879 26,60
Slide 23: Business-wise Performance: Novelis
Q1 FY26 EARNINGS Business-wise Performance Novelis 23
Slide 24: Operational Performance
Operational Performance Expansion projects on track* Resilient market demand, Building structure Targeting ~$300 million in with strong growth nearly complete for total savings by end of expected to continue in Bay Minette and FY28 through structural beverage packaging expected to be cost-reduction
Slide 25: Financial Performance
Financial Performance Revenue ($ Billion) Adjusted EBITDA ($ Million) In Q1 FY26, up 13% YoY, due to higher average aluminium prices In Q1 FY26, down 17% YoY, due to net negative tariff impact and significantly 4.7 higher scrap prices 4.6 500 473 4.2 416 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY
Slide 26: Business-wise Performance: Hindalco (India)
Q1 FY26 EARNINGS Business-wise Performance Hindalco (India)
Slide 27: Business-wise Performance: Aluminium (India) Upstream
Q1 FY26 EARNINGS Business-wise Performance Aluminium (India) Upstream 27
Slide 28: Aluminium: Upstream
Aluminium: Upstream OperationalandFinancialPerformance Shipments (KT) Revenue (₹ Crore) Hindalco (India) Business In Q1 FY26 down 1% YoY In Q1 FY26 up 6% YoY due to higher realisation 350 329 332 10,311 325 9,331 300 8,839 250 200 150 100 50 0 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 EBITDA (
Slide 29: Business-wise Performance: Aluminium (India) Downstream
Q1 FY26 EARNINGS Business-wise Performance Aluminium (India) Downstream 29
Slide 30: Aluminium: Downstream
Operationaland Financial Aluminium: Downstream# Performance Hindalco (India) Business Shipments (KT) Revenue (₹ Crore) In Q1 FY26, up 6% YoY In Q1 FY26, up 17% YoY on account of higher shipments and realisation 105 3,595 101 96 3,353 2,868 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 EBITDA (₹ Cr
Slide 31: Business-wise Performance: Copper
Q1 FY26 EARNINGS Business-wise Performance Copper 31
Slide 32: Copper Performance
Operationaland Financial Copper Performance Performance Hindalco (India) Business Shipments: Metal (KT) Shipments: CC Rods (KT) In Q1 FY26 metal shipments was up 4% YoY In Q1 FY26, up 4% YoY 135 109 124 104 100 119 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Revenue (₹ Crore) EBITDA (₹ Crore) In
Slide 33: Key Summary
Q1 FY26 EARNINGS Key Summary 33
Slide 34: Key Summary: India Business
Key Summary IndiaBusiness Upstream Downstream 1 Aluminium Copper Double Down on Capacities 2 Aluminium Copper EBITDA - 4x by FY30 Specialty Alumina Recycling ➢ Global Industry leading Aluminium upstream margins in Q1FY26 ➢ Record quarterly aluminium downstream EBITDA and EBITDA/ ton in Q1 FY26 ➢ Con
Slide 35: Key Summary….Contd.
Key Summary….Contd. Key Initiatives Advancing Aluminium as the material of choice with circular solutions ➢ Recycling centers in 100Kt Ulsan, South Korea and 240 Kt Guthrie, Kentucky continues to ramp up casting Highly Circular 1 Reach 75% average recycled content ➢ Cost reduction initiatives announ
Slide 36: Thank You
I N D U S T R I E S L I M I T E D For Further Queries Please Contact : Registered Office Thank Subir Sen, Investor Relations 21st Floor, One Unity Centre, Senapati Bapat Marg, Prabhadevi, Mumbai – 400013 You Telephone +91 22 6662 6666 E mail: hilinvestors@adityabirla.com Website: www.hindalco.com Te
Slide 37: Annexures
Q1 FY26 EARNINGS Annexures 37
Slide 38: Consolidated: Key Financials
Consolidated : Key Financials FinancialAnalysis Novelis, Aluminium and Copper Businesses Change QoQ Particulars (₹ Crore) Q1 FY25 Q4 FY25 Q1 FY26 YoY % Change % Revenue from Operations 57,013 64,890 64,232 13% -1% Earning Before Interest, Tax, Depreciation & Amortisation (EBITDA) Novelis* 4,170 4,10
Slide 39: Hindalco (India) Business: Key Financials
Hindalco (India) Business : Key Financials FinancialAnalysis YOY QoQ Particulars (₹ Crore) Q1 FY25 Q4 FY25 Q1 FY26 Change % Change% Revenue from Operations 22,750 26,067 24,905 9% -4% EBITDA Aluminium - Upstream 3,493 4,838 4,080 17% -16% Aluminium - Downstream 110 219 229 108% 5% Copper 805 614 673
Slide 40: Aluminium (India) Business: EBITDA and Sales Reconciliation
Aluminium (India) Business : EBITDA and Sales Reconciliation FinancialAnalysis Hindalco (India) Business Aluminium Business EBITDA Particulars (in Rs Cr) Q1 FY25 Q4 FY25 Q1 FY26 EBITDA - Upstream 3,493 4,838 4,080 EBITDA - Downstream 110 219 229 Intersegment Profit /(Loss) Elimination (Net) # (230)
Slide 41: Production Trends
Production Trends OperationalPerformance Hindalco (India) Business Aluminium Upstream (KT)1 Aluminium Downstream# (KT)1 In Q1 FY26, up 1% YoY In Q1 FY26, up 4% YoY 330 330 332 105 105 101 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Copper Cathode (KT) Copper Rods (KT)1,2 In Q1 FY26, up 19% YoY 1
Slide 42: Production Trends
OperationalPerformance Production Trends Hindalco (India) Business Alumina* (KT) 963 958 951 Q1 FY25 Q4 FY25 Q1 FY26 • Total Alumina production was flat YoY • Of this production at Utkal Alumina refinery was at 647 KT in Q1 FY26, flat YoY *Hydrate as Alumina 42
Slide 43: Q1 FY26: Hindalco Earnings Concall Details
Q1 FY26 : Hindalco Earnings Concall Details Earnings Conference Call is scheduled at 4:30 PM (IST) on Aug 12, 2025. The dial in numbers for the call are given below Location: ACCESS NUMBER Universal Access (India) Primary Number (+) 91 22 6280 1303 Secondary Number (+) 91 22 7115 8204 International