Aditya Birla Real Estate Ltd

FY 2024—25 was a study in resilience and dynamism, shaped by the push and pull of uncertainty and the powerful force of adaptive leadership. For the Aditya Birla Group, it has been a year of unprecedented growth and renewal. The Group has been an engine of big bets, moving with conviction across multiple frontiers.

We witnessed, in vivid form, the breadth, depth, and scale of our businesses, reflected in the sheer simultaneity of strategic moves. New platforms were launched and rapidly scaled— in paints, in jewellery retail, and in B2B e-commerce. At the same time, we deepened leadership in our core sectors like cement, metals, fibre, chemicals, and financial services.

Each move was consequential on its own. Together, they reflect a rare dynamism.

A kind of corporate choreography. What enables it? A distinctive alchemy of capital strength, institutional talent, brand equity, sectoral expertise, and trust, carefully built over decades. It is this combination that has allowed us to move swiftly and with clarity, even amidst global uncertainty.

The global economy in 2024 proved unexpectedly steady, growing at 3.3%, only a shade below the 3.5% posted a year earlier, despite persistent noise and disruption. According to the International

Monetary Fund, this resilience held firm against an unsettled backdrop of inflationary pressures, geopolitical fault lines, and fragmenting trade ties. The United States, driven by buoyant consumer and government spending, led the developed world with GDP growth of 2.8%. Yet this strength stood in contrast to more subdued performances across Asia and Europe.

China's recovery, once a cornerstone of global momentum, remained hesitant. Sluggish consumer demand and ongoing stress in the property sector weighed heavily. In parallel, investment levels across major economies stagnated, productivity gains stalled, and public debt remained a growing concern.

Geopolitical tensions, now more durable than episodic, compounded market uncertainty. A more fragmented world economy, shaped by competing spheres of influence and rising trade friction, added further complexity.

Yet not all signals were dim. Inflation eased dropping from 6.6% in 2023 to 5.7% in 2024, reflecting tighter monetary policy and a marked softening of supply chain disruptions. Central banks in advanced economies began pivoting away from restrictive stances, making financial conditions more supportive, though not without caution.

Looking ahead, global growth is expected to moderate to 2.8% in 2025 before edging up to 3.0% in 2026. Much of the drag is expected from advanced economies, with their collective growth projected to slow from 1.8% to 1.4%.

Monetary easing and subsiding inflation offer some tailwinds. Still, vulnerabilities persist. Geopolitical conflict, high borrowing costs, and deteriorating trade dynamics remain formidable obstacles. Inflation is projected to fall further to 4.3% in 2025 and 3.6% in 2026, but service sector inflation remains sticky, and trade disruptions could yet spark fresh cost pressures.

Merchandise trade, long the engine of global growth, faces an uncertain future. New tariffs and retaliatory measures risk pulling global trade volumes into contractionary territory. Encouragingly, recent bilateral trade deals suggest that diplomacy is not entirely off the table, even as rhetoric hardens.

India emerged as an outlier of stability and momentum in a world adrift. With projected GDP growth of 6.4—6.5%, it retained its crown as the fastest-growing major economy. The final quarter surged to 7.4%, powered by construction, manufacturing, and sustained government capital outlay.

Policy credibility, macroeconomic resilience, and diversified growth engines underpinned this performance. Consumption rebounded and exports rose. Agriculture benefited from favourable monsoons and strong foodgrain output. Services, still India's growth mainstay, grew by 7.2%, accounting for over half of gross value added.

India's export story was particularly telling. Merchandise and services exports reached an all-time high of US$ 824.9 billion, up 6.01% year-on-year, a feat few economies could match amid global headwinds.

Inflation, a lingering concern globally, trended down decisively. The headline rate eased to 4.6%, from 5.4% a year earlier, helped by effective supply-side interventions, softening input costs, and timely monetary policy adjustments.

The Reserve Bank of India moved from tightening to a neutral stance in October 2024, then back to accommodative in April 2025.

The financial system stood firm. Balance sheets strengthened and asset quality improved. Loan growth remained in double digits. Yields softened across government and corporate debt, reinforcing investor confidence.

India enters the new fiscal year with tailwinds intact. GDP growth is projected at 6.5%, with risks well-balanced. Consumption is expected to pick up further. Public investment will likely remain a key growth lever, while fiscal consolidation continues.

Manufacturing momentum is expected to build, supported by the Production Linked Incentive (PLI) scheme and the new National Manufacturing Mission. Infrastructure will remain a priority, buoyed by initiatives under Gati Shakti, higher allocations for affordable housing, and a renewed push under the Asset Monetisation Plan.

The external sector outlook, though exposed to global turbulence, remains cautiously optimistic. Ongoing trade negotiations and regional partnerships offer a buffer against a volatile trade landscape.

While global financial market volatility, geopolitical tensions, and trade fragmentation pose downside risks, India's sound macroeconomic fundamentals, robust financial sector, and commitment to sustainable growth position the economy to remain the fastest-growing major economy in FY 2025-26.

In an era of disruption and dynamism, the Aditya Birla Group has held firm to a foundational conviction that people are the ultimate differentiator. In FY 2024-25, this belief took on new urgency and new scale. Our investments in talent, culture, and capability were not just deepened, but future aligned.

Through the year, 13,233 professionals joined us in the management cadre across businesses, 76% of whom were under the age of 35. This surge in Gen Z hiring marks a deliberate pivot to next-generation talent that is digital-first, agile, and ambitious. Diversity hiring accounted for 18%, reflecting our continued commitment to inclusion as a business strategy.

The emphasis on internal capability-building is translating into measurable outcomes. Internal hiring rose sharply to 76% at senior levels and 70% at entry levels. Among critical senior leadership roles, 67% were filled by planned successors, 19% by other internal talent, and only 14% externally. These figures reflect a healthy blend of self-reliance and fresh perspective. The engine behind this momentum is a mix of structured leadership programmes, mobility frameworks, and strong mentorship architecture.

Learning and development remained the cornerstone of our people strategy.

Gyanodaya, our Leadership and Learning Centre, inaugurated a new 158,000 sq. ft. campus with cutting-edge infrastructure and immersive learning technologies. Over 6,300 learners attended programmes across future skills, leadership, and functional competencies. The Gyanodaya Virtual Campus, our digital learning platform, saw participation from 92% of our workforce, touching nearly 60,000 employees.

Our Learning Fest, a three-month Groupwide initiative, brought future-critical themes like digital transformation, data analytics, growth mindset, and inspirational leadership, to the fore. More than 10,000 employees participated, from factory floors to corporate offices, reflecting a culture where learning is universal.

Equally, we recognise that high performance must be underpinned by wellbeing. The Group took significant strides in mental and physical health support this year. Awareness programmes, counselling services, and a network of trained Emotional First Aiders provided critical care to over 1,400 employees and family members. In Mumbai, 99.5% of eligible employees completed annual health check-ups. Across the Group, businesses tailored wellness initiatives to local contexts, ensuring impact with empathy.

Employee engagement levels remain among the highest in the industry. Our internal survey, ABG Vibes 2025, reported a 91% engagement score. 87% of employees indicated a strong intent to build long-term careers within the Group. These numbers not only exceed external benchmarks but also speak to the emotional equity we have built over time.

Our people philosophy extends beyond the workplace. Through the A World of Opportunities Foundation, 203 scholarships were awarded to students from underprivileged backgrounds. Over 33,000 employees contributed Rs.6.7 crore, reflecting a deep culture of giving. Since inception, nearly 5,000 scholarships have been granted, and more than 2,000 alumni are now gainfully employed across India. Meanwhile, our Deep Volunteering programme enabled 250 employees to contribute directly to grassroots causes, with 16 selected for immersive NGO engagements in remote areas—living, learning, and giving back.

The year culminated with meaningful external recognition. The Aditya Birla Group was named a Top Employer 2025 in India by the Top Employers Institute and featured among Forbes World's Best Employers. These accolades reaffirm our belief that our people are the key to our continued success. And in building a world of opportunities for our people, we deepen our own purpose as a Force for Good

Your Company, Aditya Birla Real Estate Ltd. (formerly Century Textiles and Industries Limited) has embarked on a transformative journey to establish itself as one of India's foremost real estate players. FY 2024-25 marked a pivotal year in this evolution. The Company restructured its portfolio, delivering exceptional growth in its core real estate business. The Board approved the divestment of its Pulp & Paper division—sharpening both balance sheet and management focus on real estate, with a view to long-term value creation. This transaction, structured as a slump sale to ITC under a Business Transfer Agreement, is valued at Rs.3,498 crore, subject to certain conditions precedent. Completion is expected by Q2 FY25.

India's real estate sector continues to exhibit resilience and steady expansion, supported by macroeconomic stability, accelerating urbanisation, and evolving lifestyle aspirations. Projects with the right location and a trusted brand are seeing robust traction. Birla Estates, a wholly owned subsidiary of Aditya Birla Real Estate Limited and the Group's flagship real estate vehicle, is currently developing a residential portfolio of approximately 35 million sq. ft., with an estimated gross development value (GDV) of Rs.70,000 crore. This includes presales of Rs.17,253 crore. Strategically focused on four key markets—Mumbai Metropolitan Region (MMR), Bengaluru, National Capital Region (NCR), and Pune—the Company is

active across residential, commercial, and mixed-use developments, offering premium real estate solutions aligned with evolving customer expectations.

In Q4 FY25, the business delivered outstanding performance, registering strong sales across three new projects and two additional phases launched in NCR, Bengaluru, and Pune. The Company recorded a remarkable 17x increase in residential booking value from FY 2019—20 to FY 2024—25, with FY 2024—25 bookings doubling over FY 2023—24. A compound annual growth rate (CAGR) of 77% over this five-year period places Birla Estates among the fastest-growing developers in the country. Total consolidated GDV stood at Rs.70,000 crore as of March 2025, with FY 2024—25 booking value reaching Rs.8,087 crore.

Among standout projects, Birla Arika in Sector 31, Gurugram, was the Company's highest-ever launch, with bookings topping Rs.3,150 crore. Birla Evara in Bengaluru followed closely, achieving sales of over Rs.850 crore at launch-underscoring strong consumer confidence in the LifeDesigned? philosophy. During FY 2024—25, the Company also added projects with a combined GDV exceeding Rs.25,000 crore.

Birla Estates' commitment to execution excellence was further recognised through the Golden Peacock National Quality Award, affirming its focus on quality, best practices, and high standards across operations. Investor confidence also grew.

A joint venture with Mitsubishi Estate Co. was launched for Birla Evara in Bengaluru, and agreements were signed with the International Finance Corporation (IFC), part of the World Bank Group, for a $50 million (' 420 crore) investment in projects in Pune (Manjri) and Thane. The Company has also begun evaluating redevelopment opportunities in high-potential urban corridors and is expanding its commercial portfolio to meet growing demand for integrated, future-ready spaces.

Sustainability remains a core commitment. Projects increasingly adhere to green building standards, incorporating energy efficiency, water conservation, and community-centric design. True to the Group's philosophy of responsible capitalism, Birla Estates is helping shape a future that is urban, inclusive, and environmentally responsible.

FY 2024—25 also saw a significant boost in brand visibility. As principal sponsor of Royal Challengers Bengaluru in IPL 2025, the brand entered millions of homes, amplifying reach and deepening emotional connect.

Looking ahead, the Company aims to scale across India's top real estate hubs with a presales target of Rs.15,000 crore in the coming years. This ambition is supported by ongoing investments in land acquisition, technology, brand building, and talent.

India's real estate landscape is undergoing a structural shift-from fragmented, informal players to institutional, transparent, and trusted developers. This change is driven by rising consumer expectations and regulatory reforms that demand greater accountability. Success now hinges not just on construction, but on understanding urban dynamics, anticipating lifestyle shifts, and delivering ecosystems that enrich lives. As Aditya Birla Real Estate Limited evolves into a future-ready platform, Birla Estates will remain its principal growth engine, redefining urban living through scale, quality, and vision.

I have long believed that the stronger we grow, the greater the impact we create.

Growth, for us, is a force multiplier. It compels us to widen the aperture— to think more boldly about the difference we can make. It energises us to leverage our scale, resources, and leadership to deliver disproportionately better outcomes for all our stakeholders— employees, consumers, partners, investors, and society at large.

This dynamic interplay, of purpose and performance, underpinned by our proven ability to synthesise capital, talent, and ideas, is what will shape a truly transformative future. And through this journey, we will continue to demonstrate, with quiet conviction, the enduring power of business as a force for good.