UltraTech Cement expects further cement price hikes after festive season
UltraTech management expects higher prices after the festive season and reaffirmed its EBITDA per tonne target, CNBC-TV18 reports.
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what happened
According to CNBC-TV18, management of India's largest cement maker, UltraTech Cement, expects further price increases after the festive season. Spot prices have already risen 5% from the average of the second quarter.
The company reaffirmed its target of 1,400 rupees EBITDA per tonne by the end of fiscal 2028. At the end of the September quarter the figure stood at 974 rupees. Net debt to EBITDA rose to 1.3 times, and management is confident of bringing it below 1x by March 2027. Capex guidance for fiscal 2027 is 10,000 crore rupees.
The wires and cables business is expected to grow faster than initially planned. The fiscal 2030 revenue target was raised to 1,600–1,800 crore rupees from 1,000 crore, mostly due to higher copper prices. UltraTech shares ended Monday 0.7% lower at 10,650 rupees and are down 10% so far this year.
why it matters
Two factors matter for the sector: possible cement price increases and cost pressure. According to the same source, HSBC and JPMorgan point to higher fuel costs and elevated cost pressures, so profit trends will depend on whether price gains outpace cost increases.
market impact
Indian cement sector: possible price rises support revenue, while higher fuel and copper costs pressure margins
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instruments
sources
- Here are five key takeaways from the UltraTech earnings call and whether one should buy or sell the stock — CNBC-TV18, 21 October 2026 at 02:59 UTC
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