UltraTech Cement Q2 FY27 Earnings Call Transcript Released
UltraTech Cement released its Q2 FY27 earnings call transcript. The company reported a 21% net profit increase, driven by higher volumes and stable realizations despite cost pressures. Cement prices rose in October and are expected to continue increasing. The Ultravolt wires and cables business, launched in September 2026 with a ₹1,800 crore investment, is scaling rapidly.
The announcement provides detailed financial performance, strategic business updates (Ultravolt launch and expansion), and outlook on market dynamics (pricing, demand, costs), which are material for investors and analysts.
The company reported strong volume growth, a significant increase in net profit, and positive commentary on future price increases and demand outlook. The successful launch and rapid scaling of the new Ultravolt business also contributed to a positive sentiment.
UltraTech Cement Limited has released the transcript of its Q2 FY27 Earnings Call, which was conducted on October 19, 2026, following the Board of Directors meeting on October 19, 2026. The transcript is available on the company's website. The call featured insights from Managing Director Mr. Kailash C. Jhanwar and Chief Financial Officer Mr. Atul Daga.
During the call, Mr. Daga discussed the impact of a weak monsoon and rising fuel costs due to the West Asia conflict. Despite these challenges, the company reported a 21% increase in net profit, driven by higher capacity utilization, stable realizations, and improved efficiency. Cement prices have seen a substantial increase in October and are expected to continue rising, with the full benefit to reflect in Q3 earnings. The company's volumes grew by 13.8% year-on-year, exceeding industry estimates. Capacity utilization stood at 71%, with North and South markets performing strongly.
UltraTech has commissioned new greenfield capacity and is expanding its renewable power generation. The company also launched its wires and cables business under the brand Ultravolt in September 2026, with an investment of ₹1,800 crores planned, of which ₹1,100 crores have been spent. The company is focusing on scaling this business and has seen a positive response, with over 1,500 channel partners signing up. The Ultravolt business is expected to contribute significantly to revenue, with the initial revenue target of ₹10,000 crores potentially increasing to ₹16,000-₹18,000 crores depending on copper prices.
Regarding costs, fuel costs have risen, but the company has reduced its dependence on pet coke. While acknowledging cost pressures, UltraTech is focused on price discipline, product mix, and cost optimization. The company reiterated its commitment to reaching 240 million tons of capacity as planned and is confident in its growth trajectory.
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UltraTech Cement Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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