UltraTech Earnings Presentation Q2 FY22

Macro indicators ADITYA BIRLA UltraTech Q1 GDP growth at 20.1% driven by low base, FY22 GDP forecast remains unchanged at 9.5% by RBI while CPI inflation forecast trimmed to 5.3% • In light of an overall good monsoon and reduced Covid caseload, expecting cement demand to increase in ensuing quarters with strong infrastructure spend, pick-up in urban real estate demand, sustained rural demand Resilient rural economy seen in record estimates for kharif production and focus on capital expenditure in government policy in combination with conducive financial conditions, indicate further improvement in coming quarters Global coal crisis Economy H Industry 6

View entire presentation