UltraTech Cement Limited — Investor Meet, 02-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

UltraTech Cement has announced a board meeting to discuss the financial results for the quarter and half-year. The company posted 10% volume growth, outpacing industry’s 4%, boosted by capacity additions via Kesoram and India Cements acquisitions. EBITDA per ton hit INR1,270 on organic capacity; India Cements reached breakeven and targets INR500/ton EBITDA this year. FY26 capex is planned at INR9,000–10,000 Cr to raise capacity from 184 mt to 212 mt. Cost savings of INR300/ton are targeted by FY27. Management expects double-digit organic volume growth in FY26 and aims to cut net debt/EBITDA from 1.16x to 0.5x. Price trends are improving, particularly in southern India, amid cautious market sentiment.