Hindalco Industries Limited — Updates, 11-08-2025: Press Release

Novelis, Hindalco's subsidiary, saw Q1 FY26 shipments rise 1% to 963 kilotonnes, led by strong beverage packaging demand. However, net income dropped 36% to $96 million and Adjusted EBITDA fell 17% to $416 million, mainly due to higher scrap costs, unfavorable product mix, and tariffs. Novelis is accelerating its cost reduction program, targeting over $100 million run-rate savings by FY26 end, and $300 million+ by FY28, including plant consolidations. Significant capital expenditures continue for the 600kt Bay Minette plant, on track for H2 2026 commissioning. Liquidity stands at $3.0 billion.