Net sales stood at Rs 19,371 crore in Q2FY26, compared to Rs 15,967 crore in the same quarter last year.
UltraTech Cement reported a robust 22.3% growth in domestic gray cement sales in the September 2025 quarter, excluding contributions from the newly acquired assets of India Cements and Kesoram, which were not part of the business in the year-ago period.
This performance easily exceeded industry average growth of approximately 5%, underscoring UltraTech’s strong market position and operational execution.
The company benefited from a 7% year-on-year decline in energy costs, although raw material costs rose 5% due to higher fly ash and slag prices. For the existing operations, operating EBITDA per tonne was Rs 966, based on a capacity of 166.76 tonnes per annum.
The recently acquired assets of India Cements and Kesoram generated operating EBITDA of Rs 386 per tonne and Rs 755 per tonne respectively. Integration progress has been rapid, with 55% of Kesoram’s volumes and 31% of India Cements’ volumes already under the UltraTech brand. “UltraTech’s expansion program is progressing as planned, with the company continuously improving its production capabilities. UltraTech’s domestic gray cement capacity stands at 186.86 million tonnes per annum, on a consolidated basis. Together with overseas capacity of 5.4 million tonnes per annum, the company’s global capacity is 192.26 tonnes per annum. UltraTech is effective from September 22, 2025 also migrated to the GST 2.0 framework, enabling customers to take full advantage of the reduction in GST rates,” the company said while commenting on the capacity expansion.
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