UltraTech Cement Profit Rises 21% on Higher Cement Prices
India's largest cement maker reported a 21% rise in quarterly profit, helped by firmer prices and stronger domestic volumes despite higher fuel costs.
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what happened
According to Moody's, UltraTech Cement, India's market leader in cement, lifted consolidated profit 21% year on year to 1,501 crore rupees in the July to September quarter. Revenue grew nearly 19% to 23,295 crore rupees, and EBITDA rose more than 17% to 3,832 crore rupees.
Domestic grey cement volumes increased almost 14% to 35.94 million tonnes. Chief financial officer Atul Daga said a weak monsoon kept construction active, while a renewed flare-up in the West Asia conflict pushed fuel costs higher. Prices began rising in September and kept climbing in October, he added.
UltraTech reported results during market hours on Monday. Its shares closed at 10,620.10 rupees on the BSE, down 3% from the previous close.
why it matters
The report points to firmer pricing across India's cement sector. Management expects most of the price gains to show up in third-quarter earnings, while cost pressures are likely to persist in the second half. Investors will also watch demand, which the company links to construction and economic growth.
market impact
India cement sector and UltraTech: higher prices and volumes support the company's margins.
tags
instruments
sources
- UltraTech Cement Profit Up 21% in Sept Quarter — Moody's, 20 October 2026 at 04:12 UTC
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