Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 volume growth at 13.8%, ahead of industry estimated 10% - Cement prices stable in Q2, rose 7-10% month-on-month in late Q2 and October - Fuel costs up 13% Q-o-Q; INR51.5 per bag vs INR45; cost pressures expected to persist - Capacity utilization improved to 71% from 66% last year; South and North >70% - Ultravolt wires & cables launched Sept 3; 80,000+ retail points, ramp-up ongoing - FY27 capex guidance around INR10,000 Cr; 4.6 mn tons capacity added in Q2 - Net debt/EBITDA at 1.26x Sept end; expected below 1x by March 2027 - Industry demand outlook strong through March 2029; urban housing and private capex growth - Pricing power returning; margins expected to improve with price hikes and cost control - Multiple analyst queries on cost inflation and Ultravolt ramp-up; mgmt confident on margin and growth