Ultracemco

UltraTech delivered a landmark Q4 FY26, crossing 200 million tonsCurrent 200 million tons. Reported change: +33% vs 150M tons in 2024. of cement production capacity in India, a first for any company outside China. Consolidated sales volumes hit a record 44 million tonsCurrent 44 million tons. Reported change: +19% YoY (UltraTech brand)., with UltraTech brand volumes growing 19% YoYCurrent reported value: 19% YoY. No comparable prior figure is available in the source record.. EBITDA per ton (ex-acquired assets) reached ₹1,296Current ₹1,296. Reported change: +5.8% YoY., up from ₹1,225 in Q4 FY25. India Cements' EBITDA per ton improved to ₹497, with full brand migration completed a quarter early. The board declared a dividend of ₹240 per shareCurrent reported value: ₹240 per share. No comparable prior figure is available in the source record., reflecting confidence in cash flows. Management guided for 7-8% sustainable volume growth and double-digit growth in FY27, with annual capex of ₹8,000-10,000 crore. Key risks include West Asia conflict-driven cost inflation (fuel, bags, forex) and potential demand disruption from elections or heatwaves. However, UltraTech's scale, green energy platform (43%Current 43%. Reported change: +3pp YoY. of power from renewables), and cost efficiency programs position it well to navigate headwinds.