UltraTech Cement Limited has released the transcript of its Q2 FY27 earnings conference call held on October 19, 2026. The call highlighted robust volume growth, improved pricing, capacity expansion, and strategic initiatives in its new wires and cables business, Ultravolt. Management expressed confidence in sustained demand and profitability despite cost pressures.
UltraTech Cement: Q2 FY27 Earnings Conference Call Transcript
The transcript of the Q2 FY27 Earnings Conference Call for UltraTech Cement Limited, held on October 19, 2026, has been made available. The call featured insights from Mr. Kailash C. Jhanwar, Managing Director, and Mr. Atul Daga, Chief Financial Officer, detailing the company’s performance and outlook.
Key Financial and Operational Highlights
During the call, management discussed significant volume growth of 13.8% for the quarter, outpacing industry estimates. Cement prices saw an improvement, especially in September and October, with expectations for further gains. The company reported an increase in net profit by 21%, driven by higher capacity utilization, stable realizations, and efficiency improvements, despite rising fuel and raw material costs. UltraTech commissioned 4.6 million tons of new capacity in September, bringing its total domestic capacity to 204.7 million tons.
Ultravolt Business Update
The company also provided an update on its new wires and cables business, Ultravolt. Launched on September 3, 2026, the business has already achieved a significant channel partner network and is rapidly expanding its retail reach. The investment to date stands at approximately INR1,100 crore out of a planned INR1,800 crore, with the aim to establish UltraTech as a leading player in this segment. Initial product segments include house wire, panel wire, and multicore cable, with plans to expand further.
Outlook and Future Growth
UltraTech Cement expressed optimism for the upcoming quarters, anticipating strong demand driven by urban housing, infrastructure projects, and private sector capex. The company is focused on organic growth and aims to announce its next phase of expansion, targeting a capacity beyond 240 million tons. Management is committed to cost optimization and strategic pricing to manage cost pressures and ensure sustained profitability.
The transcript also covered discussions on cost inflation, specifically fuel and pet coke prices, and their impact on margins. The company is actively reducing its dependence on pet coke and exploring blended coal options. The overall sentiment from the call indicates confidence in UltraTech’s ability to navigate cost challenges and capitalize on the growing demand for cement in India.
Source: BSE
