THE INDIA CEMENTS LIMITED

The earnings call for UltraTech Cement Limited on July 20, 2026, highlighted strong demand and performance metrics for Q1 FY27. Management reported a double-digit volume growth of 13.1% and a capacity utilization of 81%. Revenues increased by 16%, with EBITDA rising to INR5,146 crores, and profit after tax (PAT) grew by 17.2% year-on-year. Management emphasized the importance of brand strength and premiumization in driving market share gains. The company completed brand migration for India Cements and Kesoram, contributing to a 21.3% growth in brand performance. Management noted challenges from rising fuel costs due to the West Asia crisis but expressed confidence in maintaining profitability. The call also addressed ongoing capex plans, with INR17,000 crores earmarked for expansion over the next 2-2.5 years, aiming to increase total capacity to over 240 million tons. Management reiterated a commitment to shareholder returns and operational efficiency.

Management emphasized strong demand and positive financial performance.