Q4 2026 UltraTech Cement Ltd Earnings Call Transcript
Key Points
- UltraTech Cement Ltd (BOM:532538) achieved a significant milestone by surpassing 200 million tonnes of cement production capacity in India, a first for any company outside of China.
- The company reported a strong year-on-year sales volume growth of 19%, with consolidated sales volumes reaching 44 million tonnes in Q4.
- UltraTech Cement Ltd (BOM:532538) has made substantial progress in its renewable energy initiatives, with 43% of its power needs now met from green sources, aiming for 85% by fiscal 2030.
- The company completed the brand migration for India Cements and Kesoram ahead of schedule, which has positively impacted realizations and profitability.
- UltraTech Cement Ltd (BOM:532538) declared a robust dividend of INR240 per share for fiscal '26, reflecting strong financial health and commitment to shareholder returns.
- The conflict in West Asia has created headwinds, particularly impacting fuel costs, packing, and freight, which could affect near-term sentiment and costs.
- The company faced a significant increase in packaging costs, with an incremental cost of INR90 crores due to rising bag prices.
- The devaluation of the Indian rupee led to a non-cash debit impact on EBITDA due to foreign currency borrowings.
- Despite strong performance, the cement industry remains fragmented, which has limited the ability to pass on cost increases fully.
- There is uncertainty regarding the impact of potential future increases in domestic fuel prices and the ongoing geopolitical tensions in West Asia.
Ladies and gentlemen, good day, and welcome to the UltraTech Cement Limited Q4 FY26 Earnings Conference Call (Operator Instructions) Please note that this conference is being recorded. I will now hand the conference over to Mr. Atul Daga, Chief Financial Officer, for opening remarks. Thank you, and over to you, sir.
Thank you. Good evening to everybody. I want to begin not with numbers, but where we stand as a company because fiscal '26, in my view, is a year that will be looked back on as a genuinely significant in UltraTech story. And fiscal 27 started with an achievement of major milestones. UltraTech cost 100 million tonnes of cement production capacity in India, a first for any company in a single country outside of China.
Let me put this in context. -- we reached 100 million tonnes in 2019, added another 50 million tonnes in five years by 2024, and we completed a journey from 150 million to 200 million tonnes in less than two years. This is a feat, even more remarkable since we are a full
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