Q1-FY24 · Atul Daga
We will not lose a single customer.
ULTRACEMCO / language trends
Read confidence between the lines.
Ultracemco · tone and specificity signals across the available quarters.
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Language signals
What changed in management language.
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Q1-FY24 · Atul Daga
The undercurrent is very strong... Markets will be very strong, which will entail price improvements.
Q1-FY24 · Atul Daga
We are not going by what peers are doing. We are, this plan is very clear. We see India as a growth market, and we are investing behind growth.
Q1-FY25 · Atul Daga
Incremental supply will always chase incremental demand in the country. That's a very good sign.
Q1-FY25 · Atul Daga
I would leave INR 200 behind, and I would start marching above INR 300.
Q1-FY25 · Atul Daga
It's a non-controlling financial investment. Can't go beyond that at the moment.
Q1-FY26 · Atul Daga
If you want to look south, go north. Do not go southwards. That is in the light of rain.
Q1-FY26 · Atul Daga
As my late Chairman once said, Mr. Ajith Tubella, we are not afraid of the competition. Let the competition be afraid of us.
Q1-FY26 · Atul Daga
We would target a double-digit growth given the fact that we have got new capacities into our fold.
Q2-FY24 · Atul Daga
Cement is not for the weak-kneed people. Go anywhere in the world, it's a long-term story, connected to the fundamentals of the economy.
Q2-FY24 · Atul Daga
Don't annualize the cost. That's the message which I tried to give in the beginning of the call. Don't annualize the cost or any number.
Q2-FY24 · Atul Daga
When we give out our plans, it'll be with nuts, screws, and bolts, everything stitched together. You will know where our capacity is coming, how much capacity is coming, unlike some figment of imagination.
Q2-FY25 · Atul Daga
Our game plan, long-term game plan is always profitable growth. I think these two words sum up what we want to do.
Q2-FY25 · Atul Daga
Cement industry, you cannot measure on a quarter-to-quarter basis. It's a long-term play.
Q2-FY25 · Atul Daga
My guess is, whilst we have looked at INR 732 as a bottom this quarter, we'll bounce back. Very confident.
Q2-FY26 · Atul Daga
We have sold more than 31 million tons of cement this quarter when rain gods have been in full fury.
Q2-FY26 · Atul Daga
UltraTech as a brand has grown about 13.2% this quarter YoY. That is a real hard number.
Q2-FY26 · Atul Daga
We will always be fully invested in clinker. At the end of this expansion, we will be reaching 148 million tons of clinker capacity.
Q3-FY24 · Atul Daga
We believe that this quarter, the industry should grow somewhere around 3%-4%, not more than that, and there are several reasons around it.
Q3-FY24 · Atul Daga
We are working towards reaching a 0 net debt position by the end of March 2025.
Q3-FY24 · Atul Daga
Inorganic is always opportunistic, and each transaction has to be examined on its fitment with UltraTech.
Q3-FY25 · Atul Daga
The lull ended somewhere in December on a positive note. The storm is a positive storm, and we have benefited from a continuous increase in demand, which has also boosted the sentiments on cement prices.
Q3-FY25 · Atul Daga
Our focus is to turn around the performance of ICL in less than 12 months, starting January 25.
Q3-FY25 · Atul Daga
We would look at a double-digit growth next year on our expanded availability. And I would assume a capacity utilization of anywhere around 80%-85%.
Q3-FY26 · Atul Daga
India has arrived. It's the market with a population of over 1.4 billion people, youngest working class, and an opportunity across the land bank for development.
Q3-FY26 · K. C. Jhanwar
South will be new North. That doesn't mean North is going away anywhere. North is stronger and stronger.
Q3-FY26 · K. C. Jhanwar
I think 2026 will be a fabulous year.
Q4-FY24 · Atul Daga
We have not got tired of growing. We have not yet exhausted all our resources to keep doing better.
Q4-FY24 · Atul Daga
We expect the pricing environment to be stable or improve only, not going down any further.
Q4-FY24 · Atul Daga
Our target is to inch towards zero net cash on the balance sheet by the end of 2025.
Q4-FY25 · Atul Daga
We will deliver upwards of INR 300 per ton in efficiency improvement.
Q4-FY25 · Atul Daga
India Cements has achieved an EBITDA break-even in the first quarter after the takeover.
Q4-FY25 · Atul Daga
We are always hungry for growth and a good opportunity.
Q4-FY26 · Atul Daga
We crossed 200 million tons of cement production capacity in India, a first for any company in a single country outside of China.
Q4-FY26 · Atul Daga
Dividend is not simply a financial transaction. It is a communication of our confidence and commitment to our shareholders and investors.
Q4-FY26 · Atul Daga
Fragmentation of the industry is as short and sweet an answer, Pinakin, that I can give you.