Aditya Birla Group's UltraTech Cement reported a 49% jump in consolidated net profit for the quarter ending 30 June. The company posted a profit after tax (PAT) of ₹2,226 crore in the first quarter of the financial year 2025–26 (Q1 FY26), compared to ₹1,495 crore reported in Q1 FY25. Consolidated sales volumes reached 36.83 million metric tonnes during the quarter, rising 9.7%, aided by the acquisitions of India Cements and the cement business of Kesoram Industries Limited, the company told the stock exchange on Monday.
“Energy costs were lower by 12% year-on-year, mainly due to reduced fuel prices. Raw material costs rose marginally by 2%,” the filing added. Revenue from operations grew 17.7% to ₹21,275.45 crore in the quarter, compared to ₹18,818.56 crore a year earlier. Consolidated net sales stood at ₹21,040 crore, up from ₹18,626 crore reported in Q1 FY25.
In FY25, UltraTech Cement undertook an aggressive expansion through a series of acquisitions. It acquired a controlling stake of over 55% in India Cements in two phases, making it a subsidiary by December 2024. It also bought an 8.69% stake in Star Cement for ₹851 crore to strengthen its presence in the northeast. In March 2025, UltraTech completed the demerger and acquisition of Kesoram Industries’ cement assets, adding 10.75 million tonnes per annum of capacity. Additionally, it acquired Wonder WallCare, a wall putty maker, to broaden its building materials portfolio. Reports also indicate that talks are underway to acquire a majority stake in HeidelbergCement India.
“The company has successfully turned around the performance of these assets (India Cements). Comprehensive efforts on multiple fronts have enabled India Cements to generate an EBITDA of ₹92 crore, compared to a loss of ₹9 crore last year,” UltraTech said.
It added that, through debottlenecking, an additional capacity of 0.3 mtpa has been unlocked from India Cements’ assets in the lucrative northern region.
“Furthermore, a capex plan is being prepared for investments over the next two years to improve all operational areas and bring these assets in line with UltraTech standards,” the Birla Group firm added.
UltraTech Cement’s consolidated EBITDA rose 44% year-on-year to ₹4,591 crore, with operating EBITDA per tonne at ₹1,248 — ₹337 higher than the same period last year, according to its investor presentation. The operating margin improved to 21% in Q1 FY26, up from 16% in the corresponding quarter last year.
The company expanded its grey cement capacity by 3.5 million tonnes per annum (mtpa) during the quarter, taking its total installed capacity to 192.26 mtpa. Domestic grey cement sales, including contributions from India Cements, stood at 34.64 million tonnes — up 8.7% year-on-year. Overseas production volumes surged 45% to 1.77 million tonnes, while white cement grew 8.3% to 0.47 million tonnes.
On the revenue front, domestic grey cement contributed ₹17,856 crore, marking an 11.4% rise from the previous year. Ready-Mix Concrete (RMC) and building products saw robust growth of 23% and 21%, respectively. Overseas revenues rose 56.4% to ₹941 crore. Consolidated revenues stood at ₹21,040 crore, a 13% year-on-year increase.
Following the quarterly performance, UltraTech shares edged higher. At 2:40 pm, the stock was trading 0.6% up at ₹12,567 apiece on the NSE.
