UltraTech Cement Q3 FY26 – Strong Volume-Led Growth with Margin Expansion

UltraTech Cement delivered a robust performance in the December 2025 quarter, driven by healthy demand, higher volumes, and improved operating efficiency, resulting in solid growth across all key metrics. • Sales: ↑ 23% YoY to ₹21,830 crore (vs ₹17,779 crore in Dec 2024) • EBIDT: ↑ 35% YoY to ₹3,911 crore (vs ₹2,893 crore) • Net Profit: ↑ 32% YoY to ₹1,729 crore (vs ₹1,363 crore) • EPS: ↑ 24% YoY to ₹58.55 (vs ₹47.09) At a price of ₹12,369, market cap ₹3,64,489 crore, and PE 46.9, UltraTech continues to command a premium for its leadership, scale, and execution strength. Faster growth in EBIDT over revenue highlights margin expansion and operating leverage, reinforcing its dominance in India’s cement upcycle.