Financial Services

Aditya Birla Capital Limited (ABCL)

Chemicals

Aditya Birla Chemicals (Thailand) (ABCTL)

Fashion

Aditya Birla Fashion and Retail Limited (ABFRL)

Aditya Birla Lifestyle Brands Limited

Dining & Experiences

Aditya Birla New Age Hospitality  (ABNAH)

Real Estate

Aditya Birla Real Estate

Renewables

Aditya Birla Renewables (ABRL)

Aditya Birla Sun Life AMC Limited (ABSLAMC)

Carbon Black

Birla Carbon

Paints

Birla Opus Paints

Cellulosic Fibre

Textiles

Grasim Industries Limited

Metals

Hindalco Industries Limited

Jewellery

Indriya

Novelis Inc

Cement

UltraTech Cement Limited

Telecom

Vodafone Idea Limited (Vi)

Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. It is one of Asia’s largest producers of primary aluminium (excluding China), and with its subsidiary Novelis, a global leader in flat rolled products and the world’s largest recycler of aluminium.In India, Hindalco is the largest aluminium downstream player providing customised solutions in flat rolled products and extruded aluminium solutions.Hindalco is India’s largest copper producer, contributing significantly to India’s domestic refined copper requirements. Its copper facility in India comprises a world-class copper smelter, downstream facilities, and a captive jetty.Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants, and aluminium smelting to downstream rolling, extrusions, and foils. It serves key sectors such as aerospace and defence, building and construction, electricals, and electronics, automotive and transport, beverage packaging, consumer durables and kitchenware, pharmaceuticals and food packaging, EV and renewables, refractories, and ceramics.Hindalco’s global footprint spans 48 manufacturing units across 10 countries (19 plants in India, and 29 overseas units). Hindalco also operates 23 mines. With a cross-cultural workforce of more than 68,500 people, it remains committed to building an agile, responsive, and productive work environment in line with our strategic priorities of value enhancing growth and strong ESG commitment. &nbsp;<h3>Products</h3>Aluminium<ul><li>Primary aluminium</li><li>Aluminium value added.</li><li>Flat Rolled Products (FRP)</li><li>Extrusions</li><li>Foils and packaging solutions</li><li>Metallurgical alumina &nbsp;</li></ul>Copper<ul><li>Cathodes</li><li>Continuous Cast Rods (CCR)</li><li>Gold and silver</li><li>By-products</li><li>Di-Ammonium Phosphate (DAP)</li><li>Sulphuric acid &nbsp;</li></ul>Chemicals<ul><li>Calcined alumina</li><li>Alumina hydrate</li><li>Sustainability</li></ul> Guided by its purpose of building a Greener, Stronger, Smarter world, Hindalco has made sustainability the backbone of its operations and strategy. Some key initiatives include global-first circular economy solutions that utilise bauxite residue as an industry input rather than waste and pioneering responsible mining through developing India’s first Sustainable Mining Charter. Initiatives for carbon neutrality, water positivity, biodiversity, and zero waste to landfill have contributed to Hindalco being recognised as the world’s most sustainable aluminium company by the Dow Jones Sustainability Indices in 2020 and 2021.&nbsp; Hindalco drives R&amp;D in aluminium solutions because these can play a big role in delivering climate action and sustainable decarbonisation for the nation. We innovated India’s first aluminium trailer, bulker, and bus which can save up to 300 tonnes of carbon per vehicle over their lifetime. We are building new-age rail and transport solutions for freight and passenger transport. We are creating an Aluminium-Air battery that does not require a charging infrastructure.Mr. Satish Pai is the Managing Director of Hindalco Industries Limited.

<h3>Record Results Driven by India Business Performance and Novelis Recovery&nbsp;</h3><h4>Consolidated Revenue and PAT at historic highs &nbsp;</h4><h3>Q2 FY27 – Key Highlights</h3><ul><li>Record quarterly consolidated Revenue at ₹91,708 crore, up 39%</li><li>Quarterly consolidated EBITDA at ₹13,757 crore, up 42%</li><li>All-time high quarterly consolidated PAT at ₹7,533 crore, up 59%</li><li>Aluminium Upstream quarterly EBITDA at ₹7,009 crore, up 55%</li><li>EBITDA from non-LME-linked* businesses at ₹6,860 crore, up 50%</li><li>Record Copper quarterly EBITDA at ₹1,673 crore, up 164%</li><li>Novelis quarterly Adjusted EBITDA at ₹4,858 crore, up 32%</li><li>Production at Novelis’ Oswego plant production at normal levels</li><li>Bay Minette’s commissioning process underway</li><li>Consolidated Net Debt to EBITDA at 1.80x as of Sept’ 30, 2026, vs 1.23x a year ago</li></ul><h3> MUMBAI, November 06, 2026</h3><a href="/businesses/companies/hindalco-industries-limited/">Hindalco Industries Limited</a>, the Aditya Birla Group metals flagship, surpassed its previous performance benchmarks, delivering record Revenue and Net Profit driven by a strong performance across its business segments.Consolidated EBITDA for the second quarter stood at ₹13,757 crore, registering a growth of 42% year-on-year. Quarterly Net Profit was ₹7,533 crore compared to ₹4,741 crore in the same quarter last year.This record performance was underpinned by the strength of Hindalco’s integrated business model led by a solid primary upstream business complemented by strong contributions from its downstream business. The Copper business reported its highest-ever quarterly EBITDA, while Novelis sustained improved performance building on Oswego’s normalisation. Together, the non-LME-linked businesses contributed almost 50% to the company’s earnings reflecting sustainable growth despite LME volatility and global macroeconomic headwinds.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *comprising Novelis, Copper, Aluminium Downstream &nbsp;<h4>Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said,</h4>“Hindalco delivered its strongest-ever quarterly performance, with Revenue and PAT surpassing their previous highs. Our long-term strategy of building an integrated business model across upstream metals and downstream value-added products is translating into a stronger and more resilient earnings profile.&nbsp;While the Aluminium Upstream business registered an EBITDA growth of 55%, our non-LME-linked businesses also recorded EBITDA growth of nearly 50%, supported by stable operations at <a href="/businesses/companies/novelis-inc/">Novelis</a> and a record quarter in the Copper Downstream, and Aluminium Downstream businesses.&nbsp;Looking ahead, the commissioning and ramp up of Bay Minette, copper recycling, aluminium battery foil, Aditya FRP and Inner Grooved Tubes will further accelerate the share of our non-LME-linked businesses. On the upstream front, our aluminium refinery and smelters, copper smelters and coal mine projects remain on track. Together, these investments reinforce Hindalco’s position as an integrated global metals company, combining upstream strength with downstream growth to deliver sustainable, long-term value in all market cycles.”&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>Summary of Consolidated Financial Highlights for the Quarter ended September 30, 2026 (₹ Crore)&nbsp;</h3><figure class="table" style="float:left;"><table border="0" cellspacing="0" cellpadding="0" width="664"><thead><tr><th class="text-left" nowrap="">Particulars&nbsp;</th><th class="text-center" nowrap="">Q2 FY26&nbsp;</th><th style="text-align:center;" width="120" nowrap="">Q2 FY27&nbsp;</th><th style="text-align:center;">Growth %&nbsp;</th></tr></thead><tbody><tr><td width="340" nowrap="">Revenue from Operations</td><td style="text-align:center;vertical-align:top;" width="102" nowrap="">66,058</td><td style="text-align:center;vertical-align:top;" width="120" nowrap="">91,708&nbsp;</td><td style="text-align:center;vertical-align:top;" width="102">39%</td></tr><tr><td width="340" nowrap="">EBITDA</td><td style="text-align:center;vertical-align:top;" width="102" nowrap="">9,684</td><td style="text-align:center;vertical-align:top;" width="120" nowrap="">13,757&nbsp;</td><td style="text-align:center;vertical-align:top;" width="102">42%</td></tr><tr><td width="340" nowrap="">PBDT</td><td style="text-align:center;vertical-align:top;" width="102" nowrap="">8,881</td><td style="text-align:center;vertical-align:top;" width="120" nowrap="">12,824</td><td style="text-align:center;vertical-align:top;" width="102">44%</td></tr><tr><td width="340" nowrap="">Exceptional Income/ (Expenses) (Net)</td><td style="text-align:center;vertical-align:top;" width="102" nowrap="">(182)</td><td style="text-align:center;vertical-align:top;" width="120" nowrap="">284</td><td style="text-align:center;vertical-align:top;" width="102">-</td></tr><tr><td width="340" nowrap="">Profit Before Tax (After Exceptional Item)</td><td style="text-align:center;vertical-align:top;" width="102" nowrap="">6,540</td><td style="text-align:center;vertical-align:top;" width="120" nowrap="">10,594</td><td style="text-align:center;vertical-align:top;" width="102">62%</td></tr><tr><td width="340" nowrap="">Profit/ (Loss) After Tax</td><td style="text-align:center;vertical-align:top;" width="102" nowrap="">4,741</td><td style="text-align:center;vertical-align:top;" width="120" nowrap="">7,533&nbsp;</td><td style="text-align:center;vertical-align:top;" width="102">59%</td></tr><tr><td width="340" nowrap="">EPS (₹/Share) - Basic</td><td style="text-align:center;vertical-align:top;" width="102" nowrap="">21.35&nbsp;</td><td style="text-align:center;vertical-align:top;" width="120" nowrap="">33.93&nbsp;</td><td style="text-align:center;vertical-align:top;" width="102">59%&nbsp;</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><h3> Advancing Sustainably</h3><ul><li>Operationalised a 65 MW round-the-clock (RTC) renewable energy project at Aditya Aluminium, making Hindalco the only company in India with an operational captive RTC renewable energy plant.&nbsp;</li><li>Commissioned an additional 173 MW of renewable energy capacity in Q2, taking Hindalco’s total installed renewable energy capacity to 643 MW.&nbsp;</li><li>Achieved 110% copper slag utilisation in Q2, including the utilisation of accumulated stock, supported by continued demand from the abrasives and ready-mix concrete industries.&nbsp;</li><li>Strengthened water stewardship, with year-on-year improvements in water recycling rates to 33% in the Aluminium business and 24% in the Copper business. Rainwater harvesting met 22.8% and 3.3% of the respective plant water requirements.</li><li>Planted approximately 0.54 million saplings in H1 FY27, including through Miyawaki plantations, taking cumulative plantations across operations to 6.80 million trees.</li><li>Commenced a 123-hectare ‘No Net Loss’ habitat restoration project at Belagavi and advanced conservation programmes for special-status species across 10 high-priority sites.&nbsp;</li></ul><h3> Segment-Wise Performance for Q2 FY27</h3><h4>Novelis*</h4><figure class="table" style="float:left;"><table border="0" cellspacing="0" cellpadding="0" width="607"><thead><tr><th class="text-left" nowrap="">Particulars</th><th class="text-center" style="text-align:center;" nowrap="">UOM</th><th style="text-align:center;" width="127" nowrap="">Q2 FY26</th><th style="text-align:center;" width="125" nowrap="">Q2 FY27</th></tr></thead><tbody><tr><td width="249" nowrap="">Shipments</td><td style="text-align:center;vertical-align:bottom;" width="105" nowrap="">Kt</td><td style="text-align:center;vertical-align:top;" width="127" nowrap="">941</td><td style="text-align:center;vertical-align:top;" width="125" nowrap="">919</td></tr><tr><td width="249" nowrap="">Revenue</td><td style="text-align:center;vertical-align:bottom;" width="105" nowrap="">$ Mn</td><td style="text-align:center;vertical-align:top;" width="127" nowrap="">4,744</td><td style="text-align:center;vertical-align:top;" width="125" nowrap="">5,942</td></tr><tr><td width="249" nowrap="">Business Segment EBITDA</td><td style="text-align:center;" width="105" nowrap="">$Mn</td><td style="text-align:center;" width="127" nowrap="">422</td><td style="text-align:center;" width="125" nowrap="">508</td></tr><tr><td width="249" nowrap="">EBITDA/ton</td><td style="text-align:center;vertical-align:bottom;" width="105" nowrap="">$/ton</td><td style="text-align:center;vertical-align:top;" width="127" nowrap="">448</td><td style="text-align:center;vertical-align:top;" width="125" nowrap="">553</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Revenue at $5.9 billion, up 25%, driven by higher metal prices</li><li>Adjusted EBITDA at $508 million, up 20%, supported by structural cost reduction initiatives. Adjusted EBITDA per ton at $553, up 23%</li><li>Oswego hot mill production at normal levels and producing to demand</li><li>Bay Minette continues to advance toward commissioning, with first hot mill coil production targeted for Q4 FY27 and commercial shipments expected from Q1 FY28&nbsp;&nbsp;&nbsp;&nbsp; * As per US GAAP</li></ul><h4> Aluminium (India)</h4>Aluminium Upstream:<figure class="table" style="float:left;"><table border="0" cellspacing="0" cellpadding="0" width="603"><thead><tr><th class="text-left" nowrap="">Particulars</th><th style="text-align:center;vertical-align:bottom;" width="120" nowrap="">UOM</th><th style="text-align:center;" width="120" nowrap="">Q2 FY26</th><th style="text-align:center;" width="123" nowrap="">Q2 FY27</th></tr></thead><tbody><tr><td width="240" nowrap="">Shipments</td><td style="text-align:center;vertical-align:bottom;" width="120" nowrap="">Kt</td><td style="text-align:center;vertical-align:top;" width="120" nowrap="">341</td><td style="text-align:center;vertical-align:top;" width="123" nowrap="">345</td></tr><tr><td width="240" nowrap="">Revenue</td><td style="text-align:center;vertical-align:bottom;" width="120" nowrap="">₹ Cr</td><td style="text-align:center;vertical-align:top;" width="120" nowrap="">10,078</td><td style="text-align:center;vertical-align:top;" width="123" nowrap="">13,364</td></tr><tr><td width="240" nowrap="">Business Segment EBITDA</td><td style="text-align:center;vertical-align:bottom;" width="120" nowrap="">₹ Cr</td><td style="text-align:center;vertical-align:top;" width="120" nowrap="">4,524</td><td style="text-align:center;vertical-align:top;" width="123" nowrap="">7,009</td></tr><tr><td width="240" nowrap="">EBITDA/ton</td><td style="text-align:center;vertical-align:bottom;" width="120" nowrap="">$/ton</td><td style="text-align:center;vertical-align:top;" width="120" nowrap="">1,521</td><td style="text-align:center;vertical-align:top;" width="123" nowrap="">2,125</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Quarterly Upstream revenue at ₹13,364 crore, up 33%</li><li>Aluminium quarterly Upstream EBITDA at ₹7,009 crore, up 55%, driven by favourable macros, higher shipments and stronger operational performance</li><li>Quarterly Aluminium Upstream EBITDA per tonne at $2,125, up 40%</li><li>Aluminium Upstream continued to deliver robust EBITDA margins, at 52%</li><li>Aditya Smelter Phase 2 on track to begin metal production in FY28</li></ul> Aluminium Downstream:<ul><li>Sales of Aluminium Downstream stood at 119 KT, up 6%</li><li>Downstream revenue was ₹5,511 crore, up 45%</li><li>All-time high quarterly Aluminium Downstream EBITDA at ₹329 crore, up 26% supported by favourable product mix, premiumisation and higher shipments</li><li>Downstream EBITDA per tonne at $289, up 9%</li><li>Aluminium Battery foil plant and FRP plant at Aditya, Coated AC Fins plant at Taloja are scaling up to optimal production levels.</li></ul><h4> Copper (India)</h4><figure class="table" style="float:left;"><table border="0" cellspacing="0" cellpadding="0" width="591"><thead><tr><th class="text-left" nowrap="">Particulars</th><th style="text-align:center;vertical-align:bottom;" width="110" nowrap="">UOM</th><th style="text-align:center;" width="110" nowrap="">Q2 FY26</th><th style="text-align:center;" width="110" nowrap="">Q2 FY27</th></tr></thead><tbody><tr><td width="261" nowrap="">Total Metal sales</td><td style="text-align:center;vertical-align:bottom;" width="110" nowrap="">Kt</td><td style="text-align:center;vertical-align:top;" width="110" nowrap="">113</td><td style="text-align:center;vertical-align:top;" width="110" nowrap="">116</td></tr><tr><td width="261" nowrap="">*Of which CCR Sales</td><td style="text-align:center;vertical-align:bottom;" width="110" nowrap="">Kt</td><td style="text-align:center;vertical-align:top;" width="110" nowrap="">97</td><td style="text-align:center;vertical-align:top;" width="110" nowrap="">96</td></tr><tr><td width="261" nowrap="">Revenue</td><td style="text-align:center;vertical-align:bottom;" width="110" nowrap="">₹ Cr</td><td style="text-align:center;vertical-align:top;" width="110" nowrap="">14,563</td><td style="text-align:center;vertical-align:top;" width="110" nowrap="">21,374</td></tr><tr><td width="261" nowrap="">EBITDA</td><td style="text-align:center;vertical-align:bottom;" width="110" nowrap="">₹ Cr</td><td style="text-align:center;vertical-align:top;" width="110" nowrap="">634</td><td style="text-align:center;vertical-align:top;" width="110" nowrap="">1,673</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Copper metal sales at 116 KT, up 2%</li><li>Copper Continuous Cast Rod (CCR) sales at 96 KT, flat YoY</li><li>Revenue at ₹21,374 crore, up 47% on account of high metal prices and better by-product realisations</li><li>Record quarterly EBITDA at ₹1,673 crore up 164%, backed by strong operational performance, and healthy domestic demand across segments despite elevated LME prices and higher realisation of by-products like sulphuric acid and one-time gains</li><li>Copper Tubes and Inner Grooved Tubes are scaling up</li><li>Copper and e-waste recycling project to commission in FY27</li></ul><h3> About Hindalco Industries Limited</h3>Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group. A $31 billion metals powerhouse, Hindalco is the world’s largest aluminium company by revenues, and the world’s second largest Copper rods manufacturer (outside China).Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions, and foils. Along with its subsidiary Novelis, Hindalco is the global leader in flat rolled products and the world’s largest recycler of aluminium.Hindalco is India’s largest copper producer, serving more than half the country’s copper requirements. Its copper facility in Gujarat, India, comprises a world-class copper smelter and refinery complex, downstream facilities, and a captive jetty.Hindalco’s global footprint spans 48 manufacturing units across 10 countries. Hindalco has been ranked the world’s most sustainable aluminium company in the Dow Jones Sustainability Indices (DJSI) for six consecutive years – 2020, 2021, 2022, 2023, 2024 and 2025.Registered Office: 21st Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi Mumbai – 400013.&nbsp;Website: <a target="_blank" rel="noopener noreferrer" href="https://www.hindalco.com">www.hindalco.com</a>; E mail: <a href="mailto:hilinvestors@adityabirla.com">hilinvestors@adityabirla.com</a> ; Corporate Identity No. L27020MH1958PLC011238

Hindalco Reports Q2 FY27 Results

Aditya Birla Lifestyle Brands Limited (ABFRL) emerged after the consolidation of the apparel businesses of Aditya Birla Group, comprising ABNL's Madura Fashion division and ABNL's subsidiary Madura Lifestyle into Pantaloons Fashion and Retail (PFRL) in 2015.Post-consolidation, PFRL was renamed to Aditya Birla Fashion and Retail Ltd (ABFRL). In 2025, ABFRL underwent a vertical demerger of western wear brands within the Madura Fashion and Lifestyle’s business into a newly incorporated entity named <a href="/businesses/companies/aditya-birla-lifestyle-brands-limited/">Aditya Birla Lifestyle Brands Limited (ABLBL)</a>.ABFRL now includes constituents that operate in several high-growth segments. These are<ol><li>Masstige and value retail chains: Pantaloons and Style Up</li><li>Ethnic wear portfolio: Designer-led brands of Sabyasachi, Shantnu &amp; Nikhil, Tarun Tahiliani, and House of Masaba; and premium wear ethnic brands of TASVA, Jaypore and the recently amalgamated TCNS brands such as W, Aurelia, Wishful, Elleven, and Folksong</li><li>Luxury retail business: The Collective, select mono brands and Galeries Lafayette</li><li>Digital-first portfolio: Technology-led ‘House of D2C Brands’ under its venture, TMRW &nbsp;</li></ol>As of 31 December 2025, ABFRL boasts a vast retail footprint, covering over 7.7 million sq. ft. across India, with a robust network of 1,188 brand stores.

<div><h3>Financial Performance</h3>The Board of Directors of the Company, at its meeting today, approved the results for the quarter ended 30th September 2026. These financials are post factoring in necessary adjustments under Ind AS. Please note these results should be read in conjunction with the investor presentation.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>Financials ABFRL – Q2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3><figure class="table" style="float:left;"><table border="0" cellspacing="0" cellpadding="0"><thead><tr><th style="text-align:center;" width="147">InRs.Cr.</th><th style="text-align:center;" width="147">Q2 FY26</th><th style="text-align:center;" width="142">Q2 FY27</th><th style="text-align:center;" width="149">Growth %&nbsp;&nbsp; (vs LY)</th></tr></thead><tbody><tr><td style="text-align:center;" width="157">Revenue&nbsp;</td><td style="text-align:center;" width="147">1982&nbsp;</td><td style="text-align:center;" width="142">2030&nbsp;</td><td style="text-align:center;" width="149">2%&nbsp;</td></tr><tr><td style="text-align:center;" width="157">EBITDA&nbsp;</td><td style="text-align:center;" width="147">116&nbsp;</td><td style="text-align:center;" width="142">67&nbsp;</td><td style="text-align:center;" width="149">-43%&nbsp;</td></tr><tr><td style="text-align:center;" width="157">PBT&nbsp;</td><td style="text-align:center;" width="147">-333&nbsp;</td><td style="text-align:center;" width="142">-454&nbsp;</td><td style="text-align:center;" width="149">&nbsp;</td></tr><tr><td style="text-align:center;" width="157">PAT&nbsp;</td><td style="text-align:center;" width="147">-295&nbsp;</td><td style="text-align:center;" width="142">-376&nbsp;</td><td style="text-align:center;" width="149">&nbsp;</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><figure class="table" style="float:left;"><table border="0" cellspacing="0" cellpadding="0"><thead><tr><th style="text-align:center;" width="157">InRs.Cr.</th><th style="text-align:center;" width="147">H1 FY26&nbsp;</th><th style="text-align:center;" width="142">H1 FY27&nbsp;</th><th style="text-align:center;" width="149">Growth%(vs LY)&nbsp;</th></tr></thead><tbody><tr><td style="text-align:center;vertical-align:top;" width="157">Revenue&nbsp;</td><td style="text-align:center;vertical-align:top;" width="147">3813&nbsp;</td><td style="text-align:center;vertical-align:top;" width="142">4056&nbsp;</td><td style="text-align:center;vertical-align:top;" width="149">6%&nbsp;</td></tr><tr><td style="text-align:center;vertical-align:top;" width="157">EBITDA&nbsp;</td><td style="text-align:center;vertical-align:top;" width="147">286&nbsp;</td><td style="text-align:center;vertical-align:top;" width="142">233&nbsp;</td><td style="text-align:center;vertical-align:top;" width="149">-18%&nbsp;</td></tr><tr><td style="text-align:center;vertical-align:top;" width="157">PBT&nbsp;</td><td style="text-align:center;vertical-align:top;" width="147">-593&nbsp;</td><td style="text-align:center;vertical-align:top;" width="142">-775&nbsp;</td><td style="text-align:center;vertical-align:top;" width="149">&nbsp;</td></tr><tr><td style="text-align:center;vertical-align:top;" width="157">PAT&nbsp;</td><td style="text-align:center;vertical-align:top;" width="147">-529&nbsp;</td><td style="text-align:center;vertical-align:top;" width="142">-625&nbsp;</td><td style="text-align:center;vertical-align:top;" width="149">&nbsp;</td></tr></tbody></table></figure>&nbsp;<div class="page-break" style="page-break-after:always;">&nbsp;</div><h3> Performance Highlights for the Quarter&nbsp;</h3><ol><li>ABFRL posted YoY growth of 2% in Q2, with overall revenue at Rs. 2030 Cr.<ol><li>Quarterly growth moderated due to shift in festive dates to Q3 and subdued wedding season</li><li>Revenue in H1 was up 6% YoY to reach Rs. 4056 Cr</li></ol></li><li>Emerging businesses anchored growth amidst a challenging quarter<ol><li>Ethnic portfolio (ex. <a href="/businesses/companies/tcns/">TCNS</a>) grew 12% YoY despite shift in festive and subdued wedding calendar</li><li>Luxury portfolio grew 11% YoY</li><li><a href="/businesses/companies/tmrw/">TMRW</a> portfolio delivered 10% YoY growth</li><li>OWND grew 58% vs LY led by store additions</li></ol></li><li>EBITDA for the quarter stood at Rs. 67 Cr, down 43% vs LY, mainly on account of<ol><li>Festive shift and the resultant adverse impact on operating leverage</li><li>Scale up of new businesses – OWND and Galeries Lafayette</li></ol></li><li>Brands continued to expand their retail footprint in line with strategic priorities<ol><li>Added 35 new stores in Q2, taking total store additions to over 80+ in H1</li><li>Total area now spanning 7.8 Mn. sq. ft.</li></ol></li><li>ABFRL closed its books in Q2 with gross cash of Rs. 1143 Cr.<ol><li>At standalone level, cash stood at Rs. 628 Cr.</li></ol></li></ol><h3> Business Performance</h3>ABFRL’s portfolio comprises the following:<ul><li>Masstige &amp; Value Retailplay under <a href="/businesses/brands/pantaloons/">Pantaloons</a> &amp; OWND</li><li>One of India’s most comprehensive Ethnic wear portfolio comprising of -<ul><li>Designer ledbrands of <a href="/businesses/brands/sabyasachi/">Sabyasachi</a>, Tarun Tahiliani, <a href="/businesses/brands/shantnu-nikhil/">Shantnu</a> &amp; Nikhil and <a href="/businesses/brands/house-of-masaba/">House of Masaba</a></li><li>Premium ethnic wearbrands of <a href="/businesses/brands/jaypore/">Jaypore</a>, <a href="/businesses/brands/tasva/">Tasva</a> &amp; TCNS portfolio</li></ul></li><li>Luxury Retail- <a href="/businesses/brands/the-collective/">The Collective</a> &amp; Mono brands portfolio, Galeries Lafayette</li><li>TMRW- Leading portfolio of digital first fashion brands</li></ul><h3> Masstige &amp; Value Retail</h3>Pantaloons format demonstrated resilience amidst festive calendar realignment as the related consumption shifted into Q3 this year, impacting the YoY picture this quarter. Adjusting for the festive calendar shift andstore closures, the business grew at ~6% vs LY in Q2. The brand continued to consistently pursue its fashion-forward positioning, with a sharper merchandise proposition, focused brand campaigns and 360° festive activations reinforcing consumer engagement. E-commerce also delivered 19% YoY growth this quarter, led by targeted engagement campaigns and an improved online shopping experience.In parallel, Pantaloons continued to optimise its retail network through selective store additions and strategic closures, sharpening its focus on high-potential markets and larger, upgraded formats. The retail network for Pantaloons stood at 387 stores at quarter-end.OWND sustained its strong growth trajectory, delivering 58% YoY growth, primarily led by store additions. The brand continued to scale its presence, with its retail network reaching 90 stores at quarter-end.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>Ethnic Brands</h3>Our ethnic portfolio is India’s largest &amp; most comprehensive ethnic wear portfolio with 2200+ Cr annual revenue and 650+ stores across brands.<ul><li>Designer led brandsdelivered double digit overall revenue growth vs LY during the quarter, supported by stronger brand visibility through domestic and international collaborations, expansion into adjacent categories and a growing distribution network. These strategic initiatives are strengthening the portfolio’s positioning as globally admired Indian fashion houses, while creating new avenues for sustainable, long-term growth.</li></ul></div><ul><li>Premium ethnic wear brands –The portfolio has been strategically integrated to drive greater alignment, unlock cross-brand synergies and strengthen execution. This approach aims to enhance operating efficiencies, sharpen growth priorities and build a stronger foundation for profitable long-term growth<ul><li>TCNS sharpened its focus on elevated merchandise, a stronger festive-wear proposition and larger, more productive stores. Distribution expansion remained calibrated, prioritising profitability. The retail network stood at ~460 stores.</li><li>TASVA strengthened brand salience through digital-led initiatives and regionally relevant merchandise offerings, while deepening its presence across key wedding markets. The brand's retail footprint reached 92 stores.</li><li>Jaypore focused on strengthening consumer engagement through craft-led digital storytelling, artisan narratives and creator collaborations. Its retail footprint spanned 44 stores across 15+ cities.</li></ul></li></ul><h3> Luxury Retail</h3>The Luxury portfolio delivered robust revenue growth across the super-premium and luxury segments.The Collective and Mono Brands (TCMB) strengthened its luxury proposition through new brand partnerships, an expanded omnichannel presence and curated consumer experiences. The retail footprint, including mono-brand stores, stood at 49 locations.Galeries Lafayette reinforced its positioning as a differentiated luxury destination through exclusive launches, curated events and celebrity collaborations. Strategic city pop-ups helped extend reach among outstation clientele, while personalised VIC engagement initiatives strengthened customer relationships and loyalty.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>TMRW</h3>The portfolio delivered 10% YoY revenue growth, driven by category expansion and an enhanced range of premium offerings. Including WROGN, growth stood at 19% YoY. Profitability improved for anotherconsecutive quarter, driven by increasing scale. The portfolio also strengthened its omnichannel presence, with the retail network reaching 150+ stores, including WROGN, across key markets nationwide.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>Way Forward</h3>The quarter was shaped by a shift in the festive calendar and a subdued wedding season, which impacted the timing of consumer purchases and moderated reported revenue &amp; EBITDA growth. Despite these near-term headwinds, the underlying business remained resilient, with newer emerging businesses delivering healthy growth and providing strong support to overall performance.Looking ahead, despite near-term macroeconomic uncertainties, we remain confident in the significant long-term opportunities across India's fashion and lifestyle market and the strength of our diversified portfolio that will position us to capitalise it well. We remain focused on expanding through larger, more productive stores, scaling emerging businesses, sharpening merchandise assortments to reflect evolving consumer aspirations and strengthening brand salience. Driving profitable growth remains central to our strategy, with disciplined execution enabling us to deliver sustainable, long-term value.

ABFRL Q2 FY27: New Businesses Steer ABFRL’s Performance in a Quarter Impacted by Shift in Festive Dates

Grasim Industries Limited is the flagship company of Aditya Birla Group. It started as a textiles manufacturer in India in 1947, just 11 days after the country achieved independence. Today, it has evolved into a leading diversified player with leadership presence across many sectors. It is a leading global producer of Cellulosic Fibre, Diversified Chemicals, Linen Yarn and Fabrics producer in India.&nbsp;Through its subsidiaries, UltraTech Cement, Aditya Birla Capital, and Aditya Birla Renewables, Grasim is also India’s prominent cement producer, leading diversified financial services player and clean energy solutions player.The company is also present in the decorative paints business under the brand name ‘Birla Opus’. With six state-of-the art manufacturing plants across India, Birla Opus has a consolidated capacity of 1,332 MLPA, which is greater than combined current capacity of existing 2nd, 3rd and 4th largest players in India.&nbsp;Leveraging the Group synergies, Grasim launched “Birla Pivot”, the B2B online marketplace for building materials in 2023. Today, Birla Pivot is the fastest growing B2B e-commerce platform offering over 50,000 SKUs from over 1000+ national and regional brands.<h3>Grasim has a strong presence in the market through following businesses:</h3>Viscose Staple FibreGrasim is India's pioneer in cellulosic viscose fibre (CSF) or prominently known as viscose staple fibre (VSF). It is a man-made, bio-degradable fibre that is fast emerging as a sustainable alternative to cotton. A versatile fibre, CSF is used in apparel, home textiles, dress materials, knit wears and non-woven applications. Grasim’s business, Birla Cellulose, has a range of fibres which can be used in their original form, or can be blended with all natural and synthetic fibres for enhanced comfort and feel.Starting production in 1954 at Grasim’s Nagda facility, the business has grown steadily over seven decades. The Pulp &amp; Fibre Business of Grasim derives its competitive edge from its integrated business model, with captive raw materials - dissolving grade wood pulp, caustic soda, carbon-disulphide, power generation and steam.Birla Cellulose’s product portfolio includes Livaeco™ by Birla Cellulose, Birla Modal™, Birla Excel™, Birla Viscose™ and Birla Spunshades™. Birla Cellulose fibres are of natural origin, moisture absorbent, have soft feel, and are completely biodegradable.&nbsp;Viscose Filament YarnGrasim Industries Limited is the largest viscose filament yarn (VFY) manufacturer in India and the 3rd largest globally. The company is also the largest VFY exporter in India with exports to 45 countries.VFY business became a part of Grasim Industries Limited on 1st July 2017, following the merger of Aditya Birla Nuvo Limited. Subsequently, Grasim acquired the rights to operate and manage the Century Rayon division of Century Textiles and Industries Limited (CTIL) from 1st February 2018. Since then, Grasim’s VFY production capacity has increased to 48 KTPA.Represented as the brand Raysil® (formerly known as RayOne), VFY is of 100% natural origin and its product portfolio includes 20 deniers to 1200 deniers of both bright and dope dyed viscose filament yarns. Its versatility, superior drape, fluidity and lustre make it a popular choice for manufacturing fabrics such as georgettes, crepes, chiffons, and many more.Grasim’s VFY is manufactured at its twin locations in Shahad, Maharashtra and Veraval, Gujarat.&nbsp;ChemicalsIn 1972, Grasim’s chemicals business was set up to manufacture caustic soda for the company’s VSF unit. Today, it is one of India’s largest caustic soda producers and is a market leader in the chlor-alkali segment. &nbsp;Over the years, Grasim’s chemicals business has created a strong foothold in the industry and offers a wide range of products from chlorine derivatives to epoxy.Chlor-alkali: In 2016, Grasim’s merger with Aditya Birla Chemicals India Ltd. (ABCIL) helped catapult the company’s caustic soda capacity from 452 KTPA to 884 KTPA making it the largest producer of caustic soda in India. Today, Grasim’s total caustic soda capacity is 1,290 KTPA. The Chlor-alkli existing capacity is 1,505 KTPA.The business uses cost-effective membrane cell technology and is largely self-sufficient in power. For gainful utilisation of chlorine, the business has portfolio of chlorine derivatives like Stable Bleaching Powder (SBP), Polyaluminium Chloride (PAC), Chlorosulphonic Acid (CSA), Chlorinated Paraffin Wax (CPW), Calcium Chloride (CaCl), Aluminium Chloride (AlCl) and Chloromethane (CMS).Epoxy: The business’ epoxy products range from basic products like liquid epoxy resins to value added products like formulated resins, reactive diluents and hardeners. The manufacturing complex at Vilayat houses a 123 KTPA capacity epoxy plant. Through expansion, Grasim doubled the epoxy capacity to 246 KTPA by FY2024.&nbsp;TextilesGrasim ventured into the textiles industry in 1949 by setting up Jaya Shree Textiles at Rishra, West Bengal. Today, Jaya Shree Textiles is one of India’s leading linen and wool manufacturers. It has four strategic business units (SBUs) i.e., linen spinning, linen fabric, wool combing and worsted spinning. Today, Jaya Shree Textiles sells its products in over 50 countries, spanning across six continents.Jaya Shree Textiles has provided the evolving Indian fashion industry with an international edge. Finest flax is sourced from France, Belgium and other parts of Europe to make 100% pure linen. Cutting edge European technology is used to spin the fibres, weave and dye them which makes it unique and difficult to replicate. This superior technology also enables Jaya Shree Textiles to manufacture over 3000 different types of weaves, textures and blends. The company has significantly revolutionised the Indian textile market by popularising linen in India across a wide customer base with its brand ‘Linen Club’.Linen Club is the largest linen fabric brand in India with expertise in linen manufacturing and design, for more than 70 years. Linen Club is the pioneer of linen in India and is now retailed through both exclusive retail outlets and multi-brand outlets. It is the largest linen retail chain in the world.&nbsp;Know more about <a href="/businesses/brands/linen-club/">Linen Club</a>&nbsp;InsulatorsAditya Birla Insulators is India’s largest manufacturer of electrical insulators and is amongst the top four insulator manufacturers globally. It produces the widest range of insulators in India including insulators for transmission lines &amp; substations up to 1200 kV voltage level, as well as equipment &amp; railways. Its total installed manufacturing capacity is 56,400 TPA with specialisation in both ceramic and composite insulators. The company commissioned Composite Hallow Core Insulators (CHCI) plant at Halol which is a joint venture between Aditya Birla Power Composites Limited (ABPCL) with Maschinenfabrik Reinhausen GmbH of Germany in 2019.Know more about <a href="/businesses/companies/aditya-birla-insulators/">Aditya Birla Insulators</a> and <a href="/businesses/companies/aditya-birla-power-composites-limited-abpcl/">Aditya Birla Power Composites Limited</a>&nbsp;PaintsThrough Birla Opus, Grasim is the 2nd largest player (by installed capacity) in Indian decorative paints industry. With a consolidated installed capacity of 1,332 MLPA, 24% of the industry capacity, Birla Opus remains focused to drive its revenue market share in line with capacity share. The brand has a comprehensive product portfolio spanning across 218 products and 1,850+ SKUs, serving a wide spectrum of customer preferences and market segments.Birla Opus has strong network of branded franchise retail outlets covering 1,200+ stores across the country. Birla Opus also offers branded painting services under the name, PaintCraft, which is now available in 400+ towns across 6,000+ pin codes. &nbsp; &nbsp;B2B E-CommerceBirla Pivot, the B2B e-Commerce platform for building solutions, is a business unit of Grasim Industries Ltd. Birla Pivot will primarily focus on MSMEs in the Building Materials segment with the potential to further extend to other relevant categories. It’s key value proposition is an integrated procurement solution including on-time delivery and a superior product range at competitive pricing.&nbsp;Birla Pivot is the fastest growing B2B e-commerce platform offering over 50,000 SKUs from over 1000+ national and regional brands. Covering a spectrum of building materials, Birla Pivot aims to become a one-stop destination for all procurement needs.&nbsp;

On 4th November 2026, <a href="/businesses/companies/grasim-industries-limited/">Grasim Industries Limited</a>’s Advanced Materials Division and its renewable arm <a href="/businesses/companies/aditya-birla-renewables-abrl/">Aditya Birla Renewables Limited (ABRen)</a> announced that they have entered into a Memorandum of Understanding (MoU) with Suzlon Energy Limited, to collaborate on a pilot basis for the development, commercialization, and scaling of wind turbines equipped with recyclable blade technology. Signed at the Bharat Renewable Energy Summit &amp; Expo 2026, the partnership is founded on a shared commitment to advancing circularity in the wind energy sector and accelerating the adoption of sustainable end-of-life solutions for wind turbine blades.&nbsp;Today, conventional wind turbine blades are predominantly manufactured using thermoset composite materials that are difficult to recycle at the end of their service life, often resulting in landfill disposal or incineration. Blades manufactured using Recyclamine® epoxy technology, supplied by Grasim, can be chemically recycled at end-of-life, enabling the recovery of valuable composite constituents for reuse in new applications. This breakthrough technology supports circular economy principles, minimizes waste, reduces environmental impact, and enhances the overall sustainability of wind energy projects.&nbsp;Under this collaboration, Suzlon, as the wind turbine OEM, will integrate Recyclamine® technology into the manufacturing of recyclable wind turbine blades. Aditya Birla Renewables will deploy a wind turbine equipped with recyclable blades at one of its selected project sites, demonstrating the commercial viability of circular blade technology under real-world operating conditions. The parties will also jointly explore opportunities to drive broader commercialization and market adoption of recyclable blade-enabled wind turbines powered by Recyclamine® technology across India and other mutually agreed markets.&nbsp;“This collaboration marks an important step toward building a truly circular wind energy ecosystem. By combining the Recyclamine® technology with Suzlon’s manufacturing expertise and ABRen’s renewable energy ambitions, we are demonstrating that sustainability and innovation can go hand in hand. Together, we aim to accelerate the adoption of recyclable wind turbine blades and set new benchmarks for resource efficiency in the wind industry", said Rajesh Balakrishnan, Chief Executive Officer, Advanced Materials, Grasim Industries Ltd.&nbsp;“The future of renewable energy lies not just in generating clean power, but in building truly circular solutions. At Suzlon, we are advancing this vision through our flagship S144 platform, which has one of the world's lowest carbon footprints among wind turbines, and by working towards making all future turbines recyclable within the next three to four years. This partnership brings together innovation and scale to accelerate material circularity, with the potential to enable significant CO₂ savings. It is another step towards ensuring that every turbine we build delivers lasting value for both the planet and future generations." said Girish Tanti, Co-Founder, Suzlon Group.&nbsp;“At ABRen, we believe the energy transition must be accompanied by innovation that enhances environmental sustainability. This partnership is an important step toward addressing the end-of-life challenges associated with wind turbine blades and advancing circularity within the renewable energy sector.” said Amit Jain, Chief Executive Officer, Aditya Birla Renewables Limited

Grasim and Suzlon enter into pact to Develop, Commercialize and Scale India’s first Wind Turbines with Recyclable Blades Powered by Recyclamine® Technology

Aditya Birla Lifestyle Brands Limited (ABLBL) emerged after the vertical de-merger of western wear brands within the Madura Fashion and Lifestyle’s business from Aditya Birla Fashion and Retail Limited (ABFRL) into a newly incorporated entity.ABLBL encompasses the lifestyle brands of Louis Philippe, Van Heusen, Allen Solly, Peter England and Simon Carter. Additionally, it has youth-fashion western wear brands of American Eagle, innerwear business under Van Heusen and the sportswear business of Reebok.Over the years, this portfolio has carved out a leadership position in the market, consistently delivering business outcomes across revenue growth, profitability, cash flow and return on capital employed.As of 31 March 2026, with a retail space spanning over 4.9 million square feet across India, ABLBL has a strong network of 3,348 brand stores and presence across 39,500+ multi-brand outlets and 6,500+ shop in shop across departmental stores.

<div><h3>Financial Performance</h3>The Board of Directors of the Company, at its meeting on 31 October 2026, approved the results for the quarter ended 30th September 2026. These financials are post factoring in necessary adjustments under Ind AS. Please note these results should be read in conjunction with the investor presentation. &nbsp;<h3>Financials ABLBL - Q2</h3><figure class="table" style="float:left;"><table border="0" cellspacing="0" cellpadding="0"><thead><tr><th style="text-align:center;" width="203">In Rs. Cr.</th><th style="text-align:center;" width="164">Q2 FY26&nbsp;</th><th style="text-align:center;" width="145">Q2 FY27&nbsp;</th><th style="text-align:center;" width="152">Growth %&nbsp;&nbsp; (vs. LY)</th></tr></thead><tbody><tr><td style="text-align:center;" width="203">Revenue&nbsp;</td><td style="text-align:center;" width="164">2038&nbsp;</td><td style="text-align:center;" width="145">2266&nbsp;</td><td style="text-align:center;" width="152">11%</td></tr><tr><td style="text-align:center;" width="203">EBITDA&nbsp;</td><td style="text-align:center;" width="164">338&nbsp;</td><td style="text-align:center;" width="145">390&nbsp;</td><td style="text-align:center;" width="152">15%</td></tr><tr><td style="text-align:center;" width="203">EBIT&nbsp;</td><td style="text-align:center;" width="164">129&nbsp;</td><td style="text-align:center;" width="145">167&nbsp;</td><td style="text-align:center;" width="152">29%</td></tr><tr><td style="text-align:center;" width="203">PBT&nbsp;</td><td style="text-align:center;" width="164">31&nbsp;</td><td style="text-align:center;" width="145">70&nbsp;</td><td style="text-align:center;" width="152">127%</td></tr><tr><td style="text-align:center;" width="203">PAT&nbsp;</td><td style="text-align:center;" width="164">23&nbsp;</td><td style="text-align:center;" width="145">53&nbsp;</td><td style="text-align:center;" width="152">126%</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><figure class="table" style="float:left;"><table border="0" cellspacing="0" cellpadding="0"><thead><tr><th style="text-align:center;" width="203">In Rs. Cr.</th><th style="text-align:center;" width="165">H1 FY26&nbsp;</th><th style="text-align:center;" width="145">H1 FY27&nbsp;</th><th style="text-align:center;" width="152">Growth %&nbsp; (vs. LY)</th></tr></thead><tbody><tr><td style="text-align:center;" width="203">Revenue&nbsp;</td><td style="text-align:center;" width="165">3878&nbsp;</td><td style="text-align:center;" width="145">4311&nbsp;</td><td style="text-align:center;" width="152">11%</td></tr><tr><td style="text-align:center;" width="203">EBITDA&nbsp;</td><td style="text-align:center;" width="165">623&nbsp;</td><td style="text-align:center;" width="145">717&nbsp;</td><td style="text-align:center;" width="152">15%</td></tr><tr><td style="text-align:center;" width="203">EBIT&nbsp;</td><td style="text-align:center;" width="165">242&nbsp;</td><td style="text-align:center;" width="145">289&nbsp;</td><td style="text-align:center;" width="152">19%</td></tr><tr><td style="text-align:center;" width="203">PBT&nbsp;</td><td style="text-align:center;" width="165">59&nbsp;</td><td style="text-align:center;" width="145">110&nbsp;</td><td style="text-align:center;" width="152">85%</td></tr><tr><td style="text-align:center;" width="203">PAT&nbsp;</td><td style="text-align:center;" width="165">48&nbsp;</td><td style="text-align:center;" width="145">82&nbsp;</td><td style="text-align:center;" width="152">73%</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><h3> Performance Highlights for the Quarter</h3><ol><li><a href="/businesses/companies/aditya-birla-lifestyle-brands-limited/">ABLBL</a> posts 4th straight quarter of double-digit growth<ol><li>Revenue grew 11% YoY to Rs. 2266 Cr<ol><li>Lifestyle brands was up 9%</li><li>Emerging business grew 27% YoY</li></ol></li></ol></li><li>EBITDA grew ahead of revenue for 5th consecutive quarter, up 15% YoY to Rs. 390 Cr<ol><li>EBITDA margin stood at 17.2%, expansion of 60 bps vs LY<ol><li>Lifestyle brands EBITDA grew 10% vs LY with margin at 19.5%</li><li>Emerging business EBITDA margin expanded 530 bps YoY to 6.8%</li></ol></li></ol></li><li>Retail sustained strong momentum, delivering its 8th consecutive quarter of healthy LTL growth<ol><li>Retail L2L for the quarter stood at 5.3% despite shift in festive calendar</li><li>Small-town network delivered its 6th consecutive quarter of double-digit LTL growth, over a store network of 500+ stores</li></ol></li><li>Other channels continued to complement retail, strengthening the overall growth mix<ol><li>E-com delivered 12% growth YoY</li><li>Wholesale channel grew 18% vs LY</li></ol></li><li>100+ new stores added as network expansion accelerated during the quarter<ol><li>Recorded the highest quarterly store additions in over two years<ol><li>H1 gross addition stood at 180+ stores</li></ol></li><li>Quarter saw net additions of 70+ stores and 120k+ sq. ft. of retail space</li><li>Total presence now at 3434 stores with area spanning 5.1 Mn. sq. ft.</li></ol></li><li>PAT for ABLBL in Q2 stood at Rs. 53 Cr, up 126% YoY<ol><li>PBT for the quarter stood at Rs. 70 Cr, up 127% vs LY</li></ol></li><li>Net debt for ABLBL was Rs. 966 Cr; down from Rs. 993 Cr same quarter last year</li></ol><h3> Business Performance</h3><h4>Aditya Birla Lifestyle Brands Limited (ABLBL) comprises of -</h4><ul><li>Lifestyle brands – <a href="/businesses/brands/louis-philippe/">Louis Philippe</a>, <a href="/businesses/brands/van-heusen/">Van Heusen</a>, <a href="/businesses/brands/allen-solly/">Allen Solly</a>, <a href="/businesses/brands/peter-england/">Peter England</a> and <a href="/businesses/brands/simon-carter/">Simon Carter</a></li><li>Emerging Business – <a href="/businesses/brands/american-eagle-outfitters-inc/">American Eagle</a>, Sportswear brand <a href="/businesses/brands/reebok/">Reebok</a> and Innerwear business under <a href="/businesses/brands/van-heusen-innerwear/">Van Heusen</a> &nbsp;</li></ul>Lifestyle Brands - The business delivered another quarter of profitable growth, with healthy performance across brands and channels. Revenue grew 9% YoY to Rs. 1906 Cr, while EBITDA rose 10% to Rs. 371 Cr, with margin at 19.5%. Growth was built upon 5% retail LTL, complemented by sustained traction across wholesale and e-commerce.Business continues to make progress on key strategic levers of product innovation, brand rejuvenation and retail expansion. Sharper assortments, new launches and targeted digital initiatives further enhanced brand relevance among younger and Gen Z consumers. Network expansion gained pace with the addition of larger, elevated stores, alongside renovations aimed at enhancing the overall shopping experience.The business is consistently building its own e-commerce business as a key growth lever for future. This channel has built capabilities around online-exclusive merchandise, enhanced app and brand.com experiences, expanded hyperlocal capabilities and impactful go-to-market initiatives, helping it maintain strong growth momentum.The Emerging Businesses portfolio sustained strong growth, supported by healthy performance across brands and channels, alongside consistent improvement in profitability. The portfolio has now crossed an annualised revenue run-rate of Rs. 1400 Cr, contributing over 16% of ABLBL's overall H1 revenue, reflecting its growing significance within the business.Q2 revenue grew 27%, driven by 11% retail LTL growth and healthy traction across wholesale and e-commerce channels. Strategic retail expansion continued with the addition of 30+ stores across key markets this quarter.</div>Profitability strengthened significantly, with EBITDA margin expanding by 530 bps YoY to 6.8%, supported by scale benefits and operating efficiencies. Continued emphasis on product innovation, elevated retail experiences and disciplined network expansion positions the portfolio for sustained, profitable growth. &nbsp;<h3>Way Forward</h3>The second quarter reinforced the strength of our growth trajectory, with broad-based performance across brands and channels. Our consistent delivery of double-digit growth alongside margin expansion over successive quarters reflects the strength of our brands, our business model, the capabilities built over time and our focused execution of a clear strategy, giving us confidence in the resilience and scalability of our business.Looking ahead, we remain focussed on traversing the same trajectory consistently over time. The execution of our strategy will stay focused around sharpening our product proposition, strengthening relevance for consumers and accelerating retail expansion across priority markets. Targeted marketing initiatives, larger and upgraded stores and elevated shopping experiences will help deepen engagement with both new and loyal consumers. In parallel, we will continue to strengthen our operating capabilities and invest in future growth opportunities, with a clear focus on sustaining profitable growth, expanding margins and building a stronger, future-ready brand portfolio.

ABLBL Q2FY27: ABLBL Delivers Double Digit Growth for 4th Consecutive Quarter, With PAT More Than Doubling YoY

Aditya Birla Capital (ABCL) is the finance flagship of Aditya Birla Group. ABCL is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses.&nbsp;ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 68,400 employees, the businesses of ABCL have a nationwide reach with over 1,740 branches and more than 200,000 agents/channel partners along with several bank partners.ABCL and its subsidiaries/JVs manage aggregate assets under management of over Rs. 5.91 Lakh crore (~$61.3 bn) and the consolidated lending book of over Rs. 2 Lakh Crore as of March 31, 2026 &nbsp;<h3>Aditya Birla Capital Limited is the holding company of all the following financial services businesses:</h3><ul><li>Aditya Birla Health Insurance Co. Limited</li><li>Aditya Birla Housing Finance Limited</li><li>Aditya Birla Sun Life AMC Limited</li><li>Aditya Birla Sun Life Pension Fund Management Limited</li><li>Aditya Birla Asset Reconstruction Company Limited&nbsp;</li><li>Aditya Birla Money Limited</li><li>Aditya Birla Wellness Private Limited</li><li>Aditya Birla Capital Digital Limited &nbsp;</li></ul><h3>Products</h3><h4>Finance</h4><ul><li>Home finance</li><li>Personal finance</li><li>SME finance</li><li>Real estate finance</li><li>Project finance</li><li>Loan again securities</li><li>Corporate finance</li><li>Debt capital market</li><li>Loan syndication &nbsp;</li></ul><h4>Asset management</h4><ul><li>Mutual funds</li><li>Wealth</li><li>Stocks and securities</li><li>Private equity</li><li>PMS</li><li>Real estate investment</li><li>Pension funds &nbsp;</li></ul><h4>Insurance</h4><ul><li>Life insurance</li><li>Health insurance</li><li>Motor insurance</li><li>Corp general insurance</li><li>Travel insurance &nbsp;</li></ul><h4>Advisory</h4><ul><li>Money advise tool</li></ul>

<ul><li>Consolidated Profit after Tax: &nbsp;1,288 crore (↑ 38% y-o-y)</li><li>Consolidated Revenue1: &nbsp;16,545 crore (↑ 31% y-o-y)</li><li>Total lending AUM: &nbsp;2,33,930 crore (↑ 32% y-o-y, ↑ 7% q-o-q)</li><li>Mutual fund quarterly average AUM: &nbsp;4,41,787 crore (↑ 4% y-o-y)&nbsp;</li><li>Life insurance individual first year premium: &nbsp;2,342 crore in H1 FY27 (↑ 25% y-o-y)</li><li>Health insurance gross written premium: &nbsp;4,543 crore in H1 FY27 (↑ 48% y-o-y) &nbsp;</li></ul><a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital Limited</a> (“The Company”) announced its financial results for the quarter and half year ended September 30, 2026. The consolidated revenue1 grew by 31% year-on-year to ₹ 16,545 crore in Q2 FY27. The consolidated profit after tax grew by 38% year-on-year to ₹ 1,288 crore in Q2 FY27. The overall lending AUM (NBFC and HFC) grew by 32% year-on-year and 7% sequentially to&nbsp; ₹ 2,33,930 crore as on September 30, 2026. The total AUM (AMC, life insurance and health insurance) increased 2.2 times year-on-year to ₹ 12,33,619 crore as on September 30, 2026. The life insurance individual first year premium grew by 25% year-on-year to ₹ 2,342 crore in H1 FY27 and health insurance gross written premium grew by 48% year-on-year to ₹ 4,543 crore in H1 FY27. &nbsp;<h3>Key Business Highlights:</h3><h4>NBFC Business – Q2 FY27</h4><ul><li>Disbursements grew by 12% year-on-year and 17% sequentially to ₹ 24,708 crore</li><li>AUM grew by 26% year-on-year and 5% sequentially to ₹ 1,76,557 crore&nbsp;</li><li>Profit before tax grew by 41% year-on-year and 11% sequentially to ₹ 1,352 crore&nbsp;</li><li>Return on assets increased by 25 bps year-on-year and 6 bps sequentially to 2.45%&nbsp;</li><li>Gross stage 2 and 3 ratio improved by 72 bps year-on-year and 12 bps sequentially to 2.31% &nbsp;</li></ul><h4>Housing Finance – Q2 FY27</h4><ul><li>Disbursements grew by 55% year-on-year and 19% sequentially to ₹ 8,957 crore</li><li>AUM grew by 50% year-on-year and 11% sequentially to ₹ 57,373 crore&nbsp;</li><li>Profit before tax grew by 73% year-on-year and 12% sequentially to ₹ 335 crore</li><li>Return on assets stood at 2.12%&nbsp;</li><li>Gross stage 2 and 3 ratio improved by 45 bps year-on-year and 13 bps sequentially to 0.65% &nbsp;</li></ul><h4>AMC Business – Q2 FY27</h4><ul><li>Mutual fund quarterly average assets under management grew by 4% year-on year to 4,41,787 crore</li><li>Equity QAAUM grew by 9% year-on-year to ₹ 2,09,230 crore&nbsp;</li><li>Individual monthly average assets under management grew by 5% year-on-year to 2,17,740 crore</li><li>Profit after tax stood at ₹ 221 crore &nbsp;</li></ul><h4>Life Insurance Business – H1 FY27</h4><ul><li>Individual First Year Premium (FYP) grew by 25% year-on-year to ₹ 2,342 crore</li><li>Group new business premium increased by 90% year-on-year to ₹ 4,232 crore</li><li>Renewal premium grew by 20% year-on-year to ₹ 5,578 crore</li><li>Net value of new business (VNB) margin increased by 447 bps year-on-year to 16.1%</li><li>Absolute net VNB grew by 78% year-on-year to ₹ 424 crore &nbsp;</li></ul><h4>Health Insurance Business – H1 FY27</h4><ul><li>Gross written premium grew by 48% year-on-year to &nbsp; 4,543 crore</li><li>Standalone health insurer market share increased by 70 bps year-on-year to 14.2%</li><li>Combined ratio stood at 107% &nbsp; &nbsp;</li></ul>The Company continues to strengthen its digital platforms to enable seamless customer onboarding and service delivery. The Company’s D2C platform, ABCD offers a comprehensive portfolio of more than 26 products and services such as payments, loans, insurance, and investments. The platform has witnessed a strong response with about 1.3 crore customer acquisitions as of September 30, 2026.&nbsp;The comprehensive B2B platform for the MSME ecosystem, Udyog Plus, offers seamless, paperless digital journey for business loans, supply chain financing and a host of other value-added services. It has scaled up significantly with over 24 lakh registrations and reached an AUM of ₹ 7,262 crore as of September 30, 2026.&nbsp;The Company also continues to expand its physical footprint with a pan-India presence of 1,822 branches across all businesses as of September 30, 2026. The branch expansion is targeted at driving penetration into tier 3 and tier 4 towns and new customer segments.

Aditya Birla Capital Q2 Fy27 Results: Strong Earnings Growth With Robust Asset Quality

UltraTech Cement Limited is the cement flagship company of Aditya Birla Group. A USD 9.9 billion company, UltraTech is the world’s largest Cement Company by sales volume and capacity, excluding China.&nbsp;The Company has a consolidated production capacity of 205.5 Million Tonnes Per Annum (MTPA) of grey cement. The Company’s business operations span UAE, Bahrain, Sri Lanka and India.UltraTech’s manufacturing footprint comprises of 34 integrated manufacturing units, one Clinkerisation unit, 36 grinding units and 10 bulk packaging terminals. With 465 Ready Mix Concrete (RMC) plants in 167 cities, UltraTech is the largest manufacturer of Ready Mix Concrete in India. It has a slew of speciality concretes that meet specific needs of discerning customers.&nbsp;UltraTech has a network of over 1.45 lakh channel partners across the country and has a market reach of more than 80% across India. In the white cement segment, UltraTech goes to market under the brand name of Birla White. It has two White Cement units and four Wall Care putty units, with a current capacity of 3.3 MTPA.&nbsp;In 2025, UltraTech extended its footprint in the construction value chain, through wires and cables segment with a planned capital expenditure of ~ INR 1,800 crore over the next 2 years.The Company’s social initiatives focus on education, healthcare, sustainable livelihoods, community infrastructure and social causes. Through its CSR initiatives, UltraTech reaches out to more than 1.8 million beneficiaries in over 500 villages across India.UltraTech is also a founding member of Global Cement and Concrete Association (GCCA). It is a signatory to the GCCA Climate Ambition 2050 and has committed to the Net Zero Concrete Roadmap announced by GCCA. UltraTech is focused on accelerating the decarbonisation of its operations, and is the first company in India and the second company in Asia to issue dollar-based sustainability linked bonds. UltraTech works to actively contribute to the social and economic development of the communities in which it operates in.&nbsp;Mr. K.C. Jhanwar is the Managing Director of UltraTech Cement. Effective 1 April 2026, Mr. Jayant Dua has been elevated to the position of Managing Director. Mr. Dua will continue to serve as Managing Director (Designate) until he officially assumes the position upon the expiration of Mr. Jhanwar's term on 31 December 2026.<o:p></o:p>

Capacity expansion, a broader Building Solutions portfolio and steady progress on sustainability strengthen UltraTech’s position&nbsp;<h3>Financial Results: Q2 FY27</h3><div align="center"><figure class="table" style="float:left;"><table border="1" cellspacing="0" cellpadding="0" width="559"><tbody><tr><td rowspan="2" width="248">Particulars</td><td colspan="2" width="311">Consolidated</td></tr><tr><td width="149">Q2 FY27</td><td width="163">Q2 FY26</td></tr><tr><td width="248">Net Sales</td><td width="149">23,024</td><td width="163">19,371</td></tr><tr><td width="248">PBIDT</td><td width="149">3,832</td><td width="163">3,268</td></tr><tr><td width="248">PAT</td><td width="149">1,501</td><td width="163">1,238</td></tr></tbody></table><figcaption>(Rs. in crores)</figcaption></figure></div><div class="page-break" style="page-break-after:always;">&nbsp;</div><a href="/businesses/companies/ultratech-cement-limited/">UltraTech Cement Limited</a>, an Aditya Birla Group company, today announced its financial results for the quarter ended 30 September 2026. &nbsp;<h3>FINANCIALS</h3>The results demonstrate the stability of UltraTech’s earnings, with revenue, operating profit and net profit all growing by double digits. Consolidated Net Sales for the quarter rose 18.9% year-on-year to Rs. 23,024 crore, from Rs. 19,371 crore in Q2 FY26. Profit before interest, depreciation and tax (PBIDT) increased 17.3% to Rs. 3,832 crore, from Rs. 3,268 crore. Profit after tax (PAT) grew 21.3% to Rs. 1,501 crore, from Rs. 1,238 crore. &nbsp;<h3>OPERATIONS</h3>UltraTech performed well despite headwinds on account of a monsoon-affected quarter and the ongoing west Asia crisis. Domestic grey cement sales volumes rose robust 13.8% to 35.94 million tonnes, from 31.58 million tonnes in Q2 FY26, supported by disciplined execution, a wider market footprint, cost optimisation and a sharper focus on premium products. Capacity utilisation jumped to 71% from 66% over the same period last year. Higher volumes and improved profitability strengthened UltraTech’s position in the market.During the quarter, UltraTech launched Ultravolt, its wires and cables business, adding a new category to its Building Products portfolio. The business is building a strong distribution network as part of its Pan India strategy. A state-of-the-art manufacturing facility has been commissioned at Jhagadia, Gujarat. The overall planned capacity, entailing the consumption of 78000 mt of copper and 24000 mt of Aluminium, already positions the Company as the second largest player in terms of capacity in the housing wires segment. The launch has received an overwhelming market response. The brand has garnered strong endorsement from retailers, electricians and industry influencers for its quality, safety and performance-focused product portfolio. &nbsp;<h3>MANUFACTURING CAPACITY</h3>UltraTech continued to strengthen its manufacturing presence in the cement industry through capacity additions, debottlenecking and operational excellence programmes. During the quarter, the Company commissioned 3.6 mtpa greenfield integrated capacity at Petnikota, Andhra Pradesh, and added 1.0 mtpa through debottlenecking at its existing cement plants at Visakhapatnam, Patratu and Nathdwara.As of 30 September 2026, the Company’s consolidated domestic grey cement capacity stood at 204.7 mtpa. Including 5.4 mtpa of overseas capacity, its global grey cement capacity stood at 210.1 mtpa. The Company is on track with its organic growth capex programme to reach a capacity of 240+ mtpa by March 2028. &nbsp;<h3>SUSTAINABILITY</h3>Sustainability remains central to UltraTech’s growth strategy. During the quarter, the Company added 117 mw renewable energy and 10 mw Waste Heat Recovery System (WHRS) capacity, raising the share of green power in its energy mix.At the end of this quarter, installed WHRS capacity stood at 444 MW and renewable power capacity at 1,580 MW. Green power, comprising WHRS and renewable energy, accounted for 48% of the Company’s power mix for the quarter, giving the Company a unique position with 2 GW of green energy capacity for captive use.During the quarter, the Company joined the Leadership Group for Industry Transition (LeadIT), an initiative launched by India and Sweden to accelerate decarbonisation of heavy industries.

UltraTech Delivers Strong Q2 FY27 Performance: Net Sales Up 18.9%, PAT Up 21.3%, Domestic Volumes Up 13.8%

Aims to build a scaled national brand and become one of the top two players within&nbsp;5 years. At launch, Ultravolt will be the second largest player in the wires segment by capacity&nbsp;Aditya Birla Group today (3 September 2026) announced the launch of the wires and cables business, Ultravolt, marking the group’s fourth new business foray in three years. Backed by an investment of Rs.1,800 crore, Ultravolt will be the second largest player in the wires segment by capacity. Housed under <a href="/businesses/companies/ultratech-cement-limited/">UltraTech Cement Limited</a>, the business aims to build a scaled national brand and become one of the top two players within 5 years.UltraTech’s entry in the wires and cables market extends its participation in the construction value chain beyond grey cement, ready-mix concrete, building products, and white cement consistent with its stated Building Solutions strategy. It also enables UltraTech to participate more deeply in the growing opportunity around home building, infrastructure and electrification.Mr Kumar Mangalam Birla, Chairman, Aditya Birla Group said, “Wires and cables are becoming central to India's next phase of development. They sit at the intersection of three mega trends in the Indian economy – urbanization, electrification and digitization. More than 100 million new homes over the next decade, expanding energy infrastructure, and the rapid rise of data centers are poised to fuel a boom in the category. Our distinctive advantage comes from a deep understanding of the product, its underlying components and the adjacent ecosystems”. He added, “In recent years, successful new business creation has itself become a core part of the Group’s DNA and an important source of differentiation for the group. I increasingly see the Aditya Birla Group as providing the platform and engine for new bets.”Mr Dilip Gaur, Director, Ultravolt said, “We are venturing at pan India scale rather than testing the market region by region. Our plan is to reach more than one lakh retailers and further activate availability through over 5,000 UltraTech Building Solutions (UBS) outlets. An ambitious rollout across more than 500 districts and 6,000 pin codes to begin with, reinforces our commitment to growth and innovation. Our state-of-the-art manufacturing facility, network of more than 20 warehouses, extensive channel connects coupled with UltraTech’s deep relationships with individual home builders, contractors, real-estate developers and EPC companies, and a pan-India distribution footprint gives us a strong platform to scale. Our aim is to build ambitiously through quality, technology, service and channel partnership.”The business is anchored by a new manufacturing facility at Jhagadia in Bharuch district, Gujarat. The strategic location in the state of Gujarat is expected to facilitate efficient distribution and logistics operations, thereby strengthening the company's ability to serve markets across India.Mr Sriram Rangarajan, CEO, Ultravolt said, “Wires are the lifeline of a house but often go unnoticed. We want to use our understanding of home consumers and to develop products for their growing needs. We want to bring a more consumer-first approach to the category, with safety, performance and future-readiness at the centre of product development. With this thought, we are launching with a portfolio of home wires, flexible wires, and cables designed for residential, commercial, industrial, and infrastructure applications. Over time, we plan to expand into a broader range of electrical accessories.”The business is also building a best-in-class innovative electrician-engagement programme focused on product knowledge, safety and installation standards. The programme has already boarded more than 1,600 electricians pre-launch and aims to train more than 40,000 electricians over the coming year under Skill India programme with ESSCI.

Aditya Birla Group launches wires and cables business; ‘Ultravolt’ marks the Group’s fourth new business foray in three years

<div><h3>Aditya Birla Capital Enters Gold Loan Business; To Open 1,000 Gold Loan Branches in the Next Three Years</h3>~ Expands secured lending offerings with phase-wise rollout of 200-300 dedicated Gold Loan branches by March 2027Mumbai, August 20, 2026: The NBFC business of <a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital Limited</a> (‘ABCL/the Company’), one of India's leading diversified financial services companies, today announced its entry into the Gold Loan business, marking a strategic expansion of its secured lending portfolio. The Gold Loan offering complements its existing retail and MSME lending franchise, providing customers with a transparent, flexible and collateral-backed credit solution.The Company has planned a phase-wise rollout of 200-300 dedicated Gold Loan branches by March 2027 across high-potential markets. Over the next three years, the ABCL-NBFC business aims to establish a network of around 1,000 Gold Loan branches , building a strong pan-India franchise and further strengthening its presence across the country.Designed around trust, transparency and convenience, Aditya Birla Capital's Gold Loan offering combines dedicated branch-led service with omnichannel digital capabilities. It will provide customers with a seamless borrowing experience, supported by transparent pricing, secure handling of pledged gold and swift loan disbursals.Commenting on the launch, Mr. Rakesh Singh, Executive Director and CEO - NBFC, Aditya Birla Capital Limited , said, “Gold loans are witnessing strong structural growth in India, and our entry into this segment is a natural extension of our secured lending strategy. In a category where trust is paramount, customers seek transparency, secure handling of their gold, and the confidence that their valuable assets are in safe and trusted hands. Backed by Aditya Birla Group’s generational legacy of trust, integrity, and responsible stewardship, we are well positioned to serve these customer needs.We are building our Gold Loan business from the ground up, shaped by these principles, and a strong focus on governance, prudent risk management, operational excellence, and a customer-first approach. As we expand our presence across India, we will leverage our extensive distribution network and digital capabilities to deliver a superior customer experience. We believe our combination of a trusted legacy and a thoughtfully built business will further strengthen Aditya Birla Capital’s position as a lender of choice in one of India’s fastest growing retail credit segments.”The offering will cater to various customers across urban and semi-urban markets, serving existing customers within the Aditya Birla Capital ecosystem and expanding its reach to new customers through an integrated distribution network of physical branches and digital platforms.</div>Aditya Birla Capital-NBFC business serves as a key growth engine and ranks among the top five, AAA rated diversified NBFCs in India. It offers a comprehensive suite of secured and unsecured lending solutions tailored for retail, SME, and corporates across four core verticals of personal and consumer loans, unsecured business loans, secured business loans, and corporate/mid-market loans. In FY26, the NBFC AUM grew 27% YoY to Rs. 1,59,916 Crore, with retail and SME comprising ~ 68% of AUM, while disbursements grew 25% to Rs. 84,204 Crore and profit before tax grew 20% to Rs. 4,023 Crore. The growth momentum continued in Q1 FY27 with AUM rising 28% YoY to Rs. 1,67,456 Crore, disbursements increasing 34% to Rs. 21,201 Crore, and profit before tax growing 32% to Rs. 1,222 Crore.For more details, visit: <a target="_blank" rel="noopener noreferrer" href="http://www.adityabirlacapital.com/loans/gold-loan">www.adityabirlacapital.com/loans/gold-loan</a> &nbsp;<h4>About Aditya Birla Capital Limited:</h4>Aditya Birla Capital Limited (‘ABCL’) is a listed systemically important, Upper Layer Non-Deposit taking Non-Banking Financial Company (NBFC-ICC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provide a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 66,500 employees, the businesses of ABCL have a nationwide reach with over 1,759 branches and more than 200,000 agents/channel partners along with several bank partners. ABCL and its subsidiaries/JVs manage aggregate assets under management of about Rs. 7.53 Lakh Crore, and the consolidated lending book crossed Rs. 2.19 Lakh Crore as of June 30, 2026.Aditya Birla Capital Limited is a part of the US$ 67 billion global conglomerate Aditya Birla Group, which is in the league of Fortune 500 and has a consolidated market cap of over US$117 billion, as of Jan 1, 2026. Anchored by an extraordinary force of over 227,500 employees, the Group is built on a strong foundation of stakeholder value creation. With over seven decades of responsible business practices, the Group’s businesses have grown into global powerhouses in a wide range of sectors - from metals to cement, fashion to financial services and textiles to trading. Today, over 40% of the Group revenues flow from overseas operations that span 41 countries across six continents with over 340 state-of-the-art manufacturing units. For more information, visit <a target="_blank" rel="noopener noreferrer" href="http://www.adityabirlacapital.com/">www.adityabirlacapital.com</a><div class="page-break" style="page-break-after:always;">&nbsp;</div>For media queries, please contact: Paulami Roy Aditya Birla Capital Limited Email: <a href="mailto:paulami.roy@adityabirlacapital.com">paulami.roy@adityabirlacapital.com</a> Phone: (+91) 9845804056

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