Strong Q2 FY26 Performance
UltraTech Cement reports robust Q2 FY26 results with 75% YoY profit growth and 20% revenue increase, demonstrating strong operational performance.
Q2 FY26 Results Snapshot
Results Date: October 17, 2025 | Quarter: Q2 FY26 (July-September 2025)
Market Position: UltraTech Cement maintains its leadership position as India's largest cement producer with a market cap of ₹3,63,899 Cr.
Official Q2 FY26 Results Document
Download the complete UltraTech Cement Q2 FY26 results presentation for detailed financial analysis and management commentary.
Download Q2 FY26 Results PDF (2.5 MB)Quarterly Performance Comparison
Technical Parameters - UltraTech Cement Ltd
| Parameter | Value | Parameter | Value |
|---|---|---|---|
| Market Cap | ₹3,63,899 Cr | Current Price | ₹12,349 |
| 52 Week High/Low | ₹13,102 / ₹10,048 | Stock P/E | 49.6 |
| Industry P/E | 39.5 | Book Value | ₹2,444 |
| Dividend Yield | 0.64% | ROCE | 10.9% |
| ROE | 9.29% | Face Value | ₹10.0 |
| EPS | ₹249 | Debt to Equity | 0.35 |
| No. of Shares | 29.5 Cr | Free Cash Flow | ₹1,723 Cr |
| Market Cap to Sales | 4.45 | Intrinsic Value | ₹4,336 |
Peer Comparison - Cement Sector
| Company | Current Price | P/E Ratio | Market Cap | ROCE % | Debt/Equity | Dividend Yield |
|---|---|---|---|---|---|---|
| UltraTech Cement | ₹12,349 | 49.6 | ₹3,63,899 Cr | 10.9% | 0.35 | 0.64% |
| Ambuja Cements | ₹645 | 38.2 | ₹1,28,700 Cr | 12.5% | 0.08 | 0.85% |
| ACC Ltd | ₹2,450 | 35.8 | ₹46,050 Cr | 11.2% | 0.12 | 1.20% |
| Shree Cement | ₹27,890 | 42.5 | ₹1,00,404 Cr | 13.8% | 0.15 | 0.45% |
UltraTech Cement Ltd - Market Leader in Cement Industry
UltraTech Cement is India's largest manufacturer of grey cement, white cement, and ready-mix concrete. Part of the Aditya Birla Group, the company has a consolidated capacity of 152.7 MTPA (including overseas) and is the third largest cement producer in the world, excluding China.
Business Segments & Operations
Grey Cement (Core Business): UltraTech is the largest grey cement producer in India with a pan-India presence and a dealer network of over 1,00,000 dealers. The company has 25 integrated manufacturing plants.
White Cement & Wall Care Putty: UltraTech is India's largest white cement producer with a capacity of 1.20 MTPA. The company also manufactures wall care putty and other value-added products.
Ready-Mix Concrete (RMC): UltraTech is one of the largest RMC manufacturers in India with over 100 plants across the country.
Key Strengths & Advantages
- Market Leadership: Largest cement producer in India with 152.7 MTPA capacity
- Pan-India Presence: Strong distribution network across all regions
- Strong Parentage: Part of the prestigious Aditya Birla Group
- Cost Efficiency: Continuous focus on cost optimization and operational efficiency
- Sustainability Focus: Leader in green manufacturing with focus on renewable energy
- Strong Financials: Consistent revenue growth and profitability
Technical Analysis & Metrics
UltraTech Cement Ltd (ULTRACEMCO)
India's Largest Cement Producer
Q2 FY26 Performance Highlights:
- Sales: ₹19,607 Cr (+20% YoY)
- EBIDT: ₹3,089 Cr (+52% YoY)
- Net Profit: ₹1,238 Cr (+75% YoY)
- EPS: ₹41.79 (+72% YoY)
Price Performance
Investment Considerations
Important Factors to Consider:
- Premium Valuation: Trading at P/E of 49.6 vs Industry P/E of 39.5
- Strong Q2 Performance: Record profit growth of 75% YoY
- Market Leadership: Strong position but facing increasing competition
- Economic Sensitivity: Performance linked to infrastructure and real estate spending
- Raw Material Costs: Energy and freight costs impact margins
- Capacity Expansion: Ongoing expansion projects crucial for future growth
Disclaimer
This is not a recommendation to buy or sell. The information presented in this blog post is for educational and informational purposes only. It should not be construed as investment advice or a recommendation to buy, sell, or hold any security. The stock market is subject to risks, and past performance is not indicative of future results. Readers are strongly advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
Source: UltraTech Cement Limited Q2 FY26 Results dated October 17, 2025
Management Commentary
Kailash Jhanwar - Managing Director:
"We are pleased with our strong performance in Q2 FY26, driven by robust demand across markets and improved operational efficiencies. Our focus on cost optimization and premium product mix has resulted in significant margin expansion. The infrastructure push by the government and revival in housing demand continue to drive cement consumption."
Key Management Insights: