UltraTech remains one of the strongest long-term

UltraTech remains one of the strongest long-term cement plays in India. Q1 FY27 was strong, with double-digit growth in volumes, revenue and profit, while its massive capacity expansion should strengthen its market leadership. 🟢 Key positives Q1 FY27 revenue: ~₹24,648 crore, +15.9% YoY PAT: ~₹2,599 crore, +16.8% Sales volume: 41.31 MT, +12.2% EBITDA: ~₹5,146 crore, +12.1% EBITDA/tonne improved to around ₹1,214. The combination of volume growth + profit growth is encouraging. Integration of India Cements and other acquired assets is also helping UltraTech increase its scale and efficiency. 🚀 Major future triggers 1. Capacity expansion: UltraTech crossed 200 MTPA domestic grey-cement capacity in April 2026 and plans to take consolidated capacity beyond 242 MTPA, with grey-cement capacity targeted at 212.7 MTPA by FY27. Around ₹17,000 crore of expansion capex is planned over the next 2–2.5 years. 2. India infrastructure cycle: Roads, housing, railways, urbanisation and private-sector capex can support long-term cement demand. 3. India Cements integration: The acquisition provides additional capacity and geographic presence, particularly in southern India, while UltraTech can potentially improve utilisation and operating efficiency. 4. Building-solutions expansion: UltraTech has entered wires & cables under the Ultravolt brand, with ₹1,800 crore investment. Commercial production began in Gujarat on September 1, 2026. This expands UltraTech beyond cement into the broader construction value chain