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Operating costs 31% Logistics Cost Declined YoY 4% to Rs.1111/t 28% 14% Energy Cost Declined YoY 9% to Rs.1003/t Raw Materials Cost Declined YoY 2% to Rs. 495/t ✰ Lower diesel prices Revised Axle load norms benefit ✰ Fuel price reduction benefit Higher share of low- cost fuel Increase in production of composite cement Optimized raw mix ܀ usage Favorable Cost Trends UltraTech Cement Limited 17 Above nos. are for Grey Cement of UTCL & UNCL excluding Century Cement

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