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Earnings Call

UltraTech Cement Earnings Call: Key Takeaways

UltraTech Cement reports Q4FY26 results, highlighting its position as India's leading cement producer with a grey cement capacity of 205.5 MTPA. The company is focused on scaling capacity to 242.5 MTPA by FY28.

Highlights
Revenue growthRMC segment revenue ₹7,747 Cr in FY26.
MarginsFocused on premium brand positioning and sustainable value creation.
Demand visibilityStrong, industry CAGR projected at 7-8% through FY30.
Management confidenceHigh, targeting significant capacity expansion to support India's growth.

Growth

FY26 revenue reached ₹7,747 Cr for the RMC segment; industry-wide cement demand grew 6.4% in FY26.

Outlook

Targeting 242.5 MTPA capacity by FY28; industry demand expected to reach 620-630 MnT by FY30.

Risks

Under-penetration in the Indian market despite being the second-largest global producer.

Last quarter's promises, checked

Delivered

  • Guided 200MT capacity by FY27 → delivered 200MT in Q4FY26 (= BEAT)
  • Guided 100% brand migration for ICL/Kesoram → delivered 100% by March 2026 (= BEAT)
  • Efficiency program target INR 185/ton → delivered INR 185/ton (= BEAT)

Partly delivered

  • Guided INR 1,000/ton EBITDA for ICL → delivered INR 497/ton in Q4FY26 (= PARTIAL)
Source

Earnings Call filed with BSE, NSE: ULTRACEMCO. Summary written with AI assistance from the document.

Read the document ↗

UltraTech Cement Ltd: key numbers

Share price
₹11,155.00
Market cap
₹3,28,715 Cr
Revenue (annual)
₹88,512 Cr
Net profit (annual)
₹8,166 Cr
P/E (TTM)
38.5×Sector 33.0×
Promoter holding
59.33%+0.00% QoQ
FII holding
12.36%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from UltraTech Cement Ltd

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22:25 IST BSE
Production Started

UltraTech Cement Production Started

UltraTech Cement has commissioned 4.6 mtpa of new cement capacity, augmenting its total domestic manufacturing capacity to 204.7 mtpa.

cement manufacturing capacity
4.6 mtpa
18:16 IST NSE
Price Movement Clarification

UltraTech Cement Price Movement Clarification

UltraTech Cement stated that observed material price movement is purely market-driven. The company confirms no pending announcements or information could have triggered this price volatility.

16:22 IST NSE
Debt & Borrowing

UltraTech Cement Debt & Borrowing: ₹100 Cr

UltraTech Cement has redeemed Commercial Paper worth ₹100 Crore upon its maturity on 15th September 2026.

Value
₹100.0 Cr
18:37 IST BSE
Price Movement Clarification

UltraTech Cement Price Movement Clarification

UltraTech Cement clarified that the recent material movement in its share price is purely market-driven, with no undisclosed events or information triggering the change.

14:37 IST BSE
Annual General Meeting

UltraTech Cement Annual General Meeting

UltraTech Cement issued a postal ballot notice for re-appointment of Vivek Agrawal as WTD and CMO for two years. E-voting runs 12 Sep to 11 Oct 2026.

12:00 IST BSE
Management Change

UltraTech Cement Management Change

UltraTech Cement appointed Ashish Chandra as Chief Manufacturing Officer (Designate) w.e.f. 16 Sept 2026. Outgoing CMO Raj Narayanan will relinquish the role on 31 March 2027.