Quarterly Financial Results
UltraTech Cement Reports Strong Q1 FY27 Performance; Revenue Rises 16.3% as Capacity Expansion Continues
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ULTRACEMCO
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- UltraTech Cement Limited reported a strong start to FY27 with broad-based growth in volume, revenue and operating profitability.
- Consolidated grey cement sales volume increased 12.2% YoY to 41.31 million tonnes, while revenue grew 16.3% YoY to ₹24,465 crore.
- Operating EBITDA per tonne improved to ₹1,214, supported by operating efficiencies and scale. The company also continued executing its capacity expansion roadmap, taking total grey cement capacity to 205.5 MTPA as of June 30, 2026.
PRICE-SENSITIVE TRIGGER
Event: UltraTech Cement released its Investor Presentation and Q1 FY27 financial performance for the quarter ended June 30, 2026.
Type: Quarterly Financial Results
Impact: Positive
Immediate Effect: The company reported higher sales volumes, revenue growth, improved operating profitability per tonne, and continued progress on capacity expansion and renewable energy investments, reinforcing its market leadership.
Metrics:
Key Financial Metrics:
- Revenue: ₹24,465 crore (+16.3% YoY)
- Grey Cement Sales Volume:Â 41.31 MnTÂ (+12.2% YoY)
- Operating EBITDA per tonne: ₹1,214 (+₹16/tonne YoY)
- Consolidated Grey Cement Capacity:Â 205.5 MTPA
- Ready Mix Concrete Revenue: ₹2,235 crore (+22% YoY)
- Ready Mix Concrete Volume: 4.62 million m³ (+18% YoY)
- Renewable Power Capacity:Â 1.46 GWÂ (+35% YoY)
- Waste Heat Recovery Capacity:Â 434 MWÂ (+19% YoY)
- Green Power Mix:Â 45.6%Â (+23% YoY)
Highlight:
- UltraTech delivered double-digit growth in both sales volumes and revenue while expanding operating EBITDA per tonne and maintaining aggressive capacity expansion across India.Â
What Happened ?
UltraTech Cement continued to outperform industry growth during Q1 FY27, driven by healthy demand across infrastructure, commercial construction, housing and rural markets in several regions.
The company strengthened its market position by commissioning additional cement capacity, expanding its Ready Mix Concrete network, increasing renewable energy usage and progressing with multiple greenfield and brownfield expansion projects. Simultaneously, UltraTech advanced preparations for entering the wires and cables business, with commercial launch targeted during Q3 FY27.
Business & Operational Updates
Cement Business:
- Consolidated grey cement capacity increased to 205.5 MTPA.
- Grey cement sales volume reached 41.31 million tonnes.
- UltraTech brand recorded 21.3% YoY growth.
- Average lead distance reduced to 360 km, improving logistics efficiency.
Capacity Expansion:
UltraTech continued executing one of India’s largest cement expansion programs.
FY27 additions under execution include:
- Visakhapatnam, Andhra Pradesh
- Shahjahanpur, Uttar Pradesh
- Petnikota, Andhra Pradesh
- Patratu, Jharkhand
- Pali, Rajasthan
- Additional slag mill projects
Total planned FY27 capacity addition stands at 15.9 MTPA, while FY28 expansion projects are expected to add another 29.8 MTPA, taking overall cement capacity to 242.5 MTPA.
Ready Mix Concrete:
The Ready Mix Concrete business continued delivering strong growth.
- 477 plants across 170 cities
- Revenue increased to ₹2,235 crore
- Volume increased to 4.62 million m³
- Cement consumption reached 1.34 million tonnes
- RoCE stood at 35%
Sustainability:
UltraTech further strengthened its sustainability profile through higher renewable energy adoption.
- Renewable Power Capacity reached 1.46 GW
- Waste Heat Recovery capacity increased to 434 MW
- Green power accounted for 45.6% of total power mix.
New Growth Vertical:
The company’s wires and cables business continued progressing toward commercial launch.
Key developments include:
- Regulatory certifications secured.
- Trial production underway.
- Supply chain network established.
- Product portfolio nearing completion.
- Commercial launch remains on track for Q3 FY27.
- Total planned investment: ₹1,800 crore, with ₹888 crore committed as of June 2026.Â
Note:
- Management continues to focus on scaling cement capacity, expanding downstream businesses, improving operational efficiencies and strengthening its renewable energy footprint while maintaining industry leadership.Â
Risk Analysis
Summary:
- UltraTech remains well positioned due to its industry-leading scale and ongoing expansion strategy. However, profitability will continue to depend on cement demand, input costs and successful commissioning of planned capacities.
Key Risks:
- Volatility in fuel and energy costs.
- Delays in commissioning expansion projects.
- Regional demand weakness affecting utilisation.
- Competitive pricing in key markets.
- Infrastructure execution delays across certain regions.
Worst Case:
- Higher input costs or weaker construction demand could pressure operating margins and delay returns from newly commissioned capacities.
Risk Level: Low
Company Commentary
- Sales volume and revenue recorded double-digit year-on-year growth.
- Operating EBITDA per tonne improved, reflecting operating efficiency.
- Cement capacity expanded to 205.5 MTPA with a clear roadmap toward 242.5 MTPA.
- Ready Mix Concrete business delivered strong revenue and volume growth.
- Renewable energy adoption continued to improve across operations.
- Wires and cables business remains on schedule for launch in Q3 FY27.Â
Official Exchange Filing: UltraTech Cement Limited
