Business Standard

Dismal volumes, high costs major overhangs in Q2 performance of UltraTech

Weak demand and monsoon impacted volumes, while net profit missed estimates due to higher expenses

UltraTech Cement
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UltraTech Cement

Ujjval Jauhari
The 2 per cent year-on-year (YoY) decline in UltraTech’s reported sales volume at 17.77 million tonnes (mt) in the domestic operations for the September quarter (Q2) was disappointing, as analysts — after factoring in consolidation of cement capacities acquired from Century Textiles — were expecting a growth of 4 per cent to 19 mt.

The improvement in realisations on a YoY basis, however, continued to provide support. The price of a 50 kg cement bag in the country averaged at Rs 354 during Q2, better than the Rs 331 in the year-ago quarter. Revenue at Rs 9,621 crore grew 4
Topics : UltraTech

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