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UltraTech Cement Revenue History — Quarter by Quarter

UltraTech Cement's revenue moved from ₹17,737 Cr in Q1 FY24 to ₹25,799 Cr in Q4 FY26, a 45.5% change over 12 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

QuarterRevenue (₹ Cr)YoY Change
Q4 FY26₹25,799 Cr—
Q3 FY26₹21,830 Cr—
Q2 FY26₹19,607 Cr—
Q1 FY26₹21,275 Cr—
Q4 FY25₹23,063 Cr—
Q3 FY25₹17,779 Cr—
Q2 FY25₹16,294 Cr—
Q1 FY25₹18,819 Cr—
Q4 FY24₹20,419 Cr—
Q3 FY24₹16,740 Cr—
Q2 FY24₹16,012 Cr—
Q1 FY24₹17,737 Cr—

What management said about revenue

G

Q4 FY26 · Volume growth of 7-8% per annum sustainable

Management expects sustainable volume growth of 7-8% per annum driven by urbanization, infrastructure, and housing demand.

G

Q4 FY26 · Double-digit volume growth in FY27

For fiscal 2027, UltraTech targets double-digit volume growth.

G

Q2 FY26 · Capacity target of 200 MTPA by FY26 end

UltraTech will exit the current financial year with 200 million tons of cement capacity.

G

Q1 FY26 · Double-digit volume growth in FY26

Management expects consolidated volume growth of over 10% in FY26, driven by new capacities and market demand.

G

Q1 FY26 · Next phase of organic growth to be announced by end of FY26

The company plans to present the next phase of organic capacity expansion to the board by end of calendar 2025 or fiscal 2026.

G

Q4 FY25 · Double-digit volume growth in FY26 on like-for-like basis

Management expects organic volume growth of over 10% in FY26, excluding contributions from India Cements and Kesoram.

G

Q3 FY25 · Double-digit volume growth in FY26

UltraTech expects to grow volumes by over 10% in FY26, driven by capacity expansion and demand recovery.

G

Q2 FY25 · H2 volume growth expected to be double-digit

Management expects UltraTech to deliver double-digit volume growth in H2 FY25, driven by rural demand and infrastructure pick-up.

G

Q1 FY25 · Double-digit volume growth for FY25

Management expects UltraTech to achieve double-digit volume growth in FY25, outpacing industry growth of 7-8%.

G

Q3 FY24 · Q4 utilization to cross 80%-85%

Management expects capacity utilization to exceed 80%-85% in Q4 FY24, driven by demand recovery from mid-December.

G

Q3 FY24 · CapEx of ~INR 9,000 crore in FY24 and FY25

Capital expenditure will be around INR 9,000 crore each in FY24 and FY25, including growth and maintenance CapEx.

G

Q2 FY24 · Third phase of ~20 MTPA expansion to be announced by end of calendar 2023

The next phase of growth will be presented to the board before end of calendar year 2023, targeting completion by calendar 2027.