UltraTech Cement Limited — Investor Meet, 24-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

UltraTech Cement's Q1 FY26 consolidated volume grew 9.7% year-on-year. Management is confident about cement demand, citing strong government capital expenditure and rural market revival, targeting double-digit volume growth for FY26. Integrated India Cements showed improved operating EBITDA of INR400 per ton, with a target of INR1,000 per ton by FY28 through efficiency projects. UltraTech commissioned 3.5 million tons capacity this quarter, with another 10 million tons expected. Fuel costs are projected to decline or remain range-bound. Strategic integration and ongoing capacity expansion efforts underpin a positive outlook for future growth.