UltraTech Cement Ltd (OTCPK:UCLQF)

Q2 2026 UltraTech Cement Ltd Earnings Call Transcript

Oct 18, 2025 / 10:30 AM GMT

Transcript

Key Points

Positve

UltraTech Cement Ltd (BOM:532538) reported a significant sales volume growth of 22.3% without ICL and Koram in the base, and 9.6% with them included.
The brand UltraTech has grown by 13.2% year-over-year, indicating strong brand performance.
Rural markets have shown a growth of 13%, which is above the industry expectation of 10% growth.
The company is on track with its expansion plans, aiming to reach 200 million tons of capacity by the end of the financial year.
The company is focusing on increasing its green power mix to 65%, which will reduce reliance on thermal power and potentially lower costs.

Negative

The company faced higher maintenance costs due to increased kiln shutdown days, impacting fixed costs by approximately ₹100 per ton.
Advertising costs increased by ₹50 crores compared to the last quarter, impacting costs by about ₹15 per ton.
Staff costs were higher this quarter due to increments and bonuses, adding an additional ₹25 per ton.
Fuel costs have increased slightly due to a higher consumption of coal, with costs rising to ₹1.8 per kL from ₹1.78 per kL.
The company experienced a decline in EBITDA per metric ton for some assets, such as the Keam cement assets, which were at ₹755 compared to higher figures in previous quarters.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ULTC.NS - UltraTech Cement Ltd
Q2 2026 UltraTech Cement Ltd Earnings Call
Oct 18, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the UltraTech Cement Limited Q2 F 526 earnings conference call.

As a reminder, all participant clients will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing and then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Atul Daga, Chief Financial Officer.

Thank you and over to you, sir.

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Unidentified_2 [2]
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