UltraTech Cem.

Q1 FY27Cement & Cement Products

UltraTech Cem. Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹11,535

Market cap₹3.4L Cr

P/E39.5

Updated25 Aug 2026

Read4 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueModerate growth

MarginMargins steady

CapexCapex planned

The short version

UltraTech Cement targets double-digit volume growth for FY27, supported by strong market demand. UltraTech Cement targets double-digit volume growth for FY27, indicating strong operating earnings growth.

From UltraTech Cem.'s Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Moderate growth

UltraTech Cement targets double-digit volume growth for FY27, supported by strong market demand.
The company expects to exit FY28 with a capacity of approximately 235 million tons, up from 212 million tons in FY27, implying a capacity addition of 22-25 million tons next year.
Industry volume growth for the current quarter is anticipated at 7% to 8%, indicating steady demand.
UltraTech expects continued market share gains due to strong brand power, extensive distribution network, and premiumization strategy.
Pricing environment remains supportive due to cost inflation and demand momentum; pricing increases are planned but subject to market conditions.

2 more points management made on revenue & sales performance

Profitability & Margins

UltraTech Cement targets double-digit volume growth for FY27, indicating strong operating earnings growth.
EBITDA per ton expected to move sustainably upwards, benefiting from capex-driven cost improvements and ramp-up of acquired assets.
India Cements turnaround progressing well with EBITDA per ton increasing quarter on quarter; aiming for INR1,000 per ton EBITDA by Q4 FY28.
Capacity expansion plans targeting consolidated capacity of ~242 million tons by FY28 end, supporting revenue and profit growth.
Green power initiatives (2.5 to 3 GW) and cost-efficiency measures to reduce operating costs, enhancing profit margins.
Net debt to EBITDA expected to remain below 1x for FY27, reflecting a strong financial position.

2 more points management made on profitability & margins

See what UltraTech Cem. said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned

Ongoing Capex Program: INR 17,000 crores planned over the next 2 to 2.5 years, aimed at capacity growth and structural cost advantages like green power expansion.
Capacity Growth: Targeting consolidated capacity beyond 242 million tons with grey cement capacity reaching 212.7 million tons by end of fiscal '27; further expansion planned in the next year.
Green Energy Investment: Currently at 1,897 MW renewable power, with plans to increase to 2.5 to 3 gigawatts soon.
India Cements Turnaround: Ongoing capex of about INR 2,000 crores for cost improvement, including waste heat recovery and equipment upgrades.

2 more points management made on capital expenditure plans

Top-ranked in Cement & Cement Products

Ranked on what management guided this quarter

5x potential

1Grasim Inds₹2.2L Cr

Rev 1Mar 3

2BIGBLOC Const.₹567 Cr

Rev 2Mar 1

3₹1.3K Cr

Rev 3Mar 1

4₹81.3K Cr

Rev 3Mar 3

5₹38.6K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

UltraTech Cement Limited's current and near-term capital expenditure of about INR17,000 crores over the next 2 to 2.5 years is fully funded through internal accruals (operating cash flows).
The company is confident of ending the fiscal year with net debt to EBITDA below 1x, indicating no immediate pressure for additional debt.
For the cables and wires business, no further investment is foreseen until the current investment matures.
Excess cash flow growth will be ploughed back into cement business growth and dividends to shareholders.

2 more points management made on fundraising & capital structure

See what UltraTech Cem. said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided from UltraTech Cement Limited's Q1 FY27 earnings call does not explicitly mention the current or expected orderbook or pending orders in precise terms. However, relevant insights on demand and ongoing projects include: - Strong demand pipeline across infrastructure, housing, and urban real estate, driving volume growth. - Ongoing capex program with INR 17,000+ crores planned over 2-2.5 years for capacity expansion. - Commissioning of 12 million tons new capacity already underway; targeting 235 million tons capacity by March 2028 (up from 212 million tons in March 2027). - Large infrastructure projects underway implying cement-intensive demand: Maharashtra's INR 20,000 crores shipbuilding cluster, Odisha’s INR 50,000 crores deep seaport and shipyard projects, Tamil Nadu's INR 18,000 crores data centres and shipbuilding MoUs.

2 more points management made on order book & pipeline

UltraTech Cem. — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹25.8K Cr, net profit ₹3.0K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What UltraTech Cement Ltd's management said in earlier quarters

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Sagar Cements Ltd (Q1 FY27)
No major CapEx planned beyond routine maintenance (~₹30-40 crore annually) till end of FY 2028, focusing on leveraging existing capacity and improving…

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Frequently Asked Questions

What were UltraTech Cem. Q1 FY27 results?

What is UltraTech Cem. share price analysis?

UltraTech Cem. currently shows a below-average growth signal. 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?

Ongoing Capex Program: INR 17,000 crores planned over the next 2 to 2.5 years, aimed at capacity growth and structural cost advantages like green power expansion.

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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.