UltraTech Cement Q2 results: Net profit rises 21% to Rs 1,494 crore, revenue up 19%; stock falls 2%

UltraTech Cement shares were trading 2.4 percent lower at Rs 10,645 in afternoon trade. The stock has declined 10.7 percent so far in 2026, compared with a 12.5 percent fall in the Nifty 50. The company's market capitalisation stood at approximately Rs 3.14 lakh crore. UltraTech Cement reported a 17.3 percent year-on-year increase in profit before interest, depreciation and tax (PBIDT) to Rs 3,832 crore, compared with Rs 3,268 crore in the year-ago quarter.

Consolidated net sales increased 18.9 percent to Rs 23,024 crore from Rs 19,371 crore a year earlier. The company reported strong volume growth during the quarter, notwithstanding challenges from a monsoon-affected period and the ongoing West Asia crisis. Domestic grey cement sales volumes rose 13.8 percent year-on-year to 35.94 million tonnes, compared with 31.58 million tonnes in Q2 FY26. UltraTech attributed the performance to disciplined execution, a wider market footprint, cost optimisation and a sharper focus on premium products.

Capacity utilisation improved to 71 percent from 66 percent in the corresponding quarter last year, reflecting stronger volumes and improved utilisation of its manufacturing facilities. UltraTech Cement continued expanding its manufacturing capacity during the quarter, commissioning 3.6 million tonnes per annum (mtpa) of greenfield integrated capacity at Pethikota in Andhra Pradesh. The company also added 1.0 mtpa of capacity through debottlenecking at its existing cement plants in Visakhapatnam, Patratū and Nathdwara.

As of September 30, 2026, UltraTech's consolidated domestic grey cement capacity stood at 204.7 mtpa. Including 5.4 mtpa of overseas capacity, its global grey cement capacity reached 210.1 mtpa. The company said it remains on track with its organic growth capital expenditure programme to achieve a capacity of more than 240 mtpa by March 2028. During the quarter, UltraTech launched Ultravolt, marking its entry into the wires and cables segment as part of its strategy to expand its building products portfolio.

The company commissioned a manufacturing facility at Jhagadia in Gujarat, with planned capacity to consume 78,000 metric tonnes of copper and 24,000 metric tonnes of aluminium. UltraTech said the new business would strengthen its distribution network and expand its presence in the building products market.