Investor Presentaiton

Sectoral outlook Demand expected to move above the national GDP rate Demand drivers Infrastructural development Low-cost housing programme - Plan to construct 18.5 mln houses in 2nd phase ■ Rising rural housing demand Price drivers ■ Improvement in utilisation rates ■ Incremental demand exceeding incremental supply Key things to watch out for ■ Outcome of General Elections 2019 ■ Monsoon intensity ■ Demand growth in urban areas UltraTech Cement Limited 27

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