UltraTech Cement Q2 Profit Rises 21%, Falls 43% Sequentially

UltraTech Cement reported consolidated net profit of Rs 1,494 crore for July–September 2026, up more than 21% from Rs 1,232 crore a year earlier, according to Economic Times Markets’ October 19 report. Revenue from operations rose 19% to Rs 23,295 crore from Rs 19,607 crore in Q2 FY26.

The year-on-year improvement contrasted with a sharp sequential slowdown: profit fell about 43% from Rs 2,599 crore in Q1 FY27. Shares were quoted roughly 2% lower at Rs 10,690 after the results, a reported market snapshot rather than a closing price.

Margins weaken from the preceding quarter

Total consolidated expenses increased nearly 18% year-on-year to Rs 21,339 crore and were marginally higher than in the previous quarter. The reported net profit margin was 7%, compared with 6% a year earlier and 11% in Q1 FY27.

Operating profit margin remained unchanged year-on-year at 16%, but fell from 21% in the preceding quarter. Net sales rose 19% year-on-year to Rs 23,024 crore, distinct from the revenue-from-operations figure.

The report also described a 5.5% sequential revenue decline, but gave the same Rs 23,295 crore figure for both Q1 and Q2. Those figures do not reconcile, leaving the precise quarter-on-quarter revenue movement unclear.

Cement volumes and capacity utilisation increase

Domestic grey cement sales volumes rose nearly 14% to 35.94 million tonnes from 31.58 million tonnes a year earlier. Capacity utilisation increased to 71% from 66%, according to the company’s exchange-filing statements cited in the report.

UltraTech identified the monsoon and the ongoing West Asia crisis as operating headwinds during the quarter. It attributed volume growth to execution, an expanded market presence, cost optimisation and a greater emphasis on premium products. These were the company’s explanations of its performance; the report did not quantify the separate financial impact of either headwind.

UltraVolt adds wires and cables to the business

UltraTech also launched its UltraVolt wires and cables business during Q2 and said it had commissioned a manufacturing facility at Jhagadia in Gujarat. The company is building a distribution network to support a nationwide rollout.

The company described overall planned capacity involving consumption of 78,000 metric tonnes of copper and 24,000 metric tonnes of aluminium. It said that capacity would position it as the second-largest player in the housing wires segment by capacity. This is a company-stated capacity comparison, not a measure of realised sales or market share.

UltraTech claimed a strong initial reception from retailers, electricians and industry influencers. No sales figures for the new business were given in the report.