UltraTech Cement Limited (ULTRACEMCO) — Financial Results

📢 Key Event
UltraTech Cement reported Q4 FY26 results with 44 million tons sales volume, INR1,296 EBITDA per ton, and INR240 dividend proposal.

🔄 What Changed
EBITDA per ton increased to INR1,296 from INR1,225; consolidated sales volumes rose to 44 million tons (19% YoY); brand integration completed; green energy usage at 43% with 85% target by FY30; incremental INR50,000 crores capex announced.

🔮 What's Next
Industry volume growth of 6-7% for Q4 and 6.5% for full year; double-digit volume growth targeted for FY27; 85% green energy target by FY30; capacity expansion beyond 240 million tons planned.

💡 Investor Takeaway
The company is aggressively expanding capacity while improving margins through cost efficiency and green energy adoption, supported by strong cash flows and a special dividend.

UltraTech Cement reported Q4 FY26 consolidated sales volumes of 44 million tons, up 19% YoY, with EBITDA per ton at INR1,296, up from INR1,225 a year earlier. The company achieved 200 million tons of cement production capacity in India, surpassing targets ahead of schedule, and proposed a dividend of INR240 per share. Management highlighted 43% green energy usage, targeting 85% by FY30, and incremental INR50,000 crores capex over 4-5 years to expand capacity beyond 240 million tons. Cost efficiency initiatives delivered INR185 per ton savings, with targets exceeding INR300 per ton by FY28. The call addressed West Asia conflict impacts of INR90 crores in incremental costs, manageable through hedging and long-term contracts. Brand integration of India Cements and Kesoram was completed by March 2026, improving margins and realization. Management expects industry volume growth of 6-7% in Q4 and 6.5% for the full year, with double-digit growth targeted for FY27.

📄 View Original Announcement (PDF)

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