UltraTech Cement Ltd — earnings calls

UltraTech reported its highest-ever first quarter across volumes, revenues, EBITDA and profit, with domestic grey cement volume growth of 13.1% and capacity utilization rising to 81% from 76%. EBITDA reached Rs 5,146 crores and PAT was Rs 2,604 crores, up 17.2% year-on-year, while management described absorbing higher imported fuel costs during the quarter. Management also detailed brand conversion of the Kesoram and India Cements assets to the UltraTech brand, progress on the Cables and Wires project, and capacity expansion plans toward 240 million tons.

UltraTech reported Q4 FY26 consolidated sales volumes of over 44 million tons and EBITDA per ton of INR1,253 on an aggregate basis, while crossing 200 million tons of domestic cement production capacity. Management discussed cost pressures from the West Asia conflict affecting fuel, packing bags and freight, along with a mark-to-market forex hit from rupee devaluation. The company completed 100% brand migration for India Cements and Kesoram, announced a dividend of INR240 per share, and outlined plans to add a further 37 million tons of capacity by fiscal '28.