UltraTech Cement, India’s largest cement producer, on Saturday reported a consolidated net profit of ₹1,729.44 crore for Q3FY26, marking a 27 per cent year-on-year (YoY) rise from ₹1,363.44 crore in the same quarter last year. The firm’s revenue from operations climbed to ₹21,829.68 crore, up from ₹17,778.83 crore a year earlier, reflecting strong domestic demand and volume growth.

The company attributed part of the growth to acquisitions, including India Cements Ltd (ICL), Birla White WallCare, and UAE-based RAKWCT, as well as the merger of Kesoram Industries’ cement business effective March 1, 2025. Adjusted for these acquisitions, UltraTech reported a 29.4 per cent increase in domestic grey cement sales, excluding volumes from newly acquired entities.

Domestic grey cement production rose 15.4 per cent YoY to 36.37 million tonnes (MT), while overall sales volume increased 15 per cent to 33.85 MT. Capacity utilisation improved 5 per cent YoY to 77 per cent, up from 72 per cent in Q3FY25, reflecting efficient operations and higher demand. Ready Mix Concrete (RMC) sales also surged 26 per cent YoY to ₹1,848 crore, contributing to the company’s diversified growth.

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The firm’s EBITDA per MT strengthened to ₹1,051, up ₹140 YoY and ₹97 quarter-on-quarter (QoQ), despite a slight decline in sales realisation of 0.4 per cent YoY and 3.3 per cent QoQ. UltraTech noted that ICL, recently acquired in the south, is on a recovery path with 2.59 MT sales, up 25 per cent YoY, signaling early success in integrating acquisitions.

UltraTech continued its capacity expansion, commissioning 0.6 MTPA at Dhule Cement Works in Maharashtra and 1.2 MTPA at Nathdwara Cement Works in Rajasthan, raising domestic grey cement capacity to 188.66 MTPA and global capacity to 194.06 MTPA, including 5.4 MTPA in the UAE. The company spent ₹2,357 crore on its ongoing capex program during the quarter, reducing net debt/EBITDA to 1.08x.

Looking ahead, UltraTech reaffirmed its plans to enter the cables and wires business, with civil works underway, critical orders placed, and teams onboard, aiming for a Q3 FY27 launch. The company emphasized that ongoing efficiency improvements, capex execution, and brand consolidation will drive targeted profitability in the coming periods.

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