UltraTech Cement Q1 Results: Volume growth at 9.7%; topline and margin expand

Aditya Birla Group firm UltraTech Cement reported a consolidated volume growth of 9.7% year-on-year as against expectations of low to mid-teen growth. Global brokerage Jefferies had estimated volume growth to be as high as 17% YoY, factoring in the integration of recent M&As. However, on a comparable basis assuming Kesoram volumes in the base, the growth would be around 11% YoY.

UltraTech’s net profit came in at ₹2,226 crore, marginally lower than CNBC-TV18 poll estimate of ₹2,290 crore. On a year-on-year basis, profit increased 31.33% from ₹1,695 crore last year.

The company’s revenue stood at ₹21,275 crore in the June quarter, a growth of 17.7% from ₹18,070 crore last year. A CNBC-TV18 poll of analysts had projected the Q1 revenue to come in at ₹21,680 crore.
On the operational front, the company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) surged by 45% from last year to ₹4,410 crore. The figure was lower than CNBC-TV18 poll of ₹4,480 crore.

EBITDA Margins also expanded by 388 basis points to 20.7% from 16.82% from the year-ago quarter.

UltraTech’s expansion programme is progressing as scheduled, with the company continuously enhancing its production capabilities to meet the growing demand for cement.

As part of its capacity expansion efforts, UltraTech has during the quarter, successfully identified and executed several debottlenecking and efficiency enhancement opportunities at various locations.

UltraTech has increased its grey cement capacity by 3.5 mtpa in Q1 FY26, bringing its total capacity to 192.26 mtpa.

Following the earnings announcement, shares of UltraTech Cement Ltd. were trading 0.30% lower on Monday at ₹12,461. The stock has risen 9% in the last one month.