UltraTech Cement Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹21,275Cr
- +13.1% YoY
- −7.8% QoQ
- Net profit
- ₹2,221Cr
- +48.8% YoY
- −10.3% QoQ
- Margin
- 21%
- +5 pp YoY
- +1 pp QoQ
Guidance rank: #6 of 17 in Cement & Cement Products
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UltraTech Cem. Q1 FY26 key numbers
- Revenue
- They anticipate about 10% volume growth in FY '26, inclusive of India Cements' 9-9.5 million tons.
As stated in UltraTech Cem.'s Q1 FY26 earnings call transcript · published 26 Aug 2026. Reported figures, not investment advice.
The short version
UltraTech targets double-digit volume growth in FY '26, building on the base of 135.8 million tons in FY '25. UltraTech Cement targets double-digit volume growth in FY '26, supported by new capacities including 3.5 million tons commissioned recently and around 10 million tons planned to commission soon.
From UltraTech Cem.'s Q1 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- UltraTech targets double-digit volume growth in FY '26, building on the base of 135.8 million tons in FY '25.
- They anticipate about 10% volume growth in FY '26, inclusive of India Cements' 9-9.5 million tons.
- New capacities, including 3.5 million tons already commissioned and another ~10 million tons coming online by Q4 FY '26, support growth.
- Growth guidance includes both organic expansion and capacity additions through brownfield and greenfield projects.
- Long-term outlook: cement demand in India expected to grow 5-7% annually over the next decade, underpinned by infrastructure development and urbanization.
- UltraTech plans to continue capital allocation for WHRS, AFR, and brownfield expansions, including at India Cements sites.
2 more points from UltraTech Cem.'s call on revenue
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Profitability & Margins
UltraTech Cement targets double-digit volume growth in FY '26, supported by new capacities including 3.5…
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Capital Expenditure Plans
- Current capex for FY '26: Close to INR 10,000 crores.
- India Cements will fund its own capex separately.
- UltraTech plans new capex phases: Phase 4 is starting, and Phase 5 planned, including brownfield expansions at India Cements sites.
- Capex program includes WHRS, speed modifications, cooler upgrades, and alternate fuel technologies, improving efficiency and reducing carbon footprint.
- India Cements aims to increase renewable energy usage to 86% of power by FY '28 via WHRS and renewable energy projects.
- Capex benefits expected to reflect starting Q1 FY '28 for India Cements.
2 more points from UltraTech Cem.'s call on capex
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Top-ranked in Cement & Cement Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
For FY '26, UltraTech Cement plans a capex of close to INR 10,000 crores; further capex details for FY '27…
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Order Book & Pipeline
2 more points from UltraTech Cem.'s call on order book
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UltraTech Cem. — Quarterly revenue & net profit
UltraTech Cem. Q1 FY26 results — key figures
| ₹ Cr | Q1 FY26 | Q1 FY25 | YoY | Q4 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 21,275 | 18,819 | +13.1% | 23,063 | -7.8% |
| Operating profit (EBITDA) | 4,406 | 3,017 | +46% | 4,608 | -4.4% |
| Operating margin | 21% | 16% | +5 pp | 20% | +1 pp |
| Profit before tax | 3,008 | 1,857 | +62% | 3,101 | -3% |
| Net profit (PAT) | 2,221 | 1,493 | +48.8% | 2,475 | -10.3% |
| EPS (₹) | 75.54 | 51.78 | +45.9% | 84.23 | -10.3% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹23.3K Cr, net profit ₹1.5K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What UltraTech Cement's management said in earlier quarters
Others in Cement & Cement Products this season
- Prism Johnson (Q1 FY26)
Q1 FY26 consolidated revenue from operations: ₹1,796 Crores, up 7.8% YoY (Page 3). Key concall takeaways from Prism Johnson Ltd's Q1 FY26 earnings call — and…
- The Ramco Cement (Q1 FY26)
Revenue for 1QFY26: ₹2,076.61 Crores (Standalone) and ₹2,080.00 Crores (Consolidated), a 1% decrease YoY from ₹2,096.87 Crores and ₹2,101.65 Crores…
- Shri Keshav (Q1 FY26)
Market share currently around 3-4% with potential to reach 5-6% in existing markets. Key concall takeaways from Shri Keshav Cements & Infra Ltd's Q1 FY26…
- JSW Cement (Q1 FY26)
Total sales volume increased 7.8% YoY in Q1 FY26, outperforming industry growth (~3%). Key concall takeaways from JSW Cement Ltd's Q1 FY26 earnings call — and…
Potential multibaggers · Q2 FY27
Potential multibaggers in Cement & Cement Products
on management's own guidance
- J K CementsGood growth2
- Strong growth1
- ACCGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were UltraTech Cem. Q1 FY26 results?
UltraTech targets double-digit volume growth in FY '26, building on the base of 135.8 million tons in FY '25. UltraTech Cement targets double-digit volume growth in FY '26, supported by new capacities including 3.5 million tons commissioned recently and around 10 million tons planned to commission soon.
What is UltraTech Cem. share price analysis?
UltraTech Cem. currently shows a neutral. The stock trades at a P/E of 39.5 with a market cap of ₹340,944 Cr. Investors should review the full earnings analysis for detailed insights.
Is UltraTech Cem. planning capital expenditure?
Current capex for FY '26: Close to INR 10,000 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.