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25-Jan-2026

UltraTech Cement

Q4 EBITDA to be better than Q3


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UltraTech hosted conference call on January 24, 2026. In the conference call the company was represented by Mr Atul Daga-Executive Director and CFO.

Key Takeaways of the call

Q3Y2026:

Lead distance has dropped to 363 Km.

Clinker conversion ratio has dropped to 1.49x.

Demand growth in the first nine months of the current year is around 6.5-7%.

Prices: cement prices has remained subdued post-GST change. Last week of September, October, November saw some softening prices. But with growing demand, the company is witnessing improvement in prices in all segments across the country.

There has been cost increase in the cost of pet coke and coal and the cost increase will be passed on to customers resulting in price increase.

In Q3, prices dropped 3% sequentially. The price drop in non trade segment was sharp.

Prices currently are up by Rs 6-8 per bag f...



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More Reports
  • Analyst Meet / AGM-Conference Call   (25-Jan-2026)

    UltraTech Cement

    Q4 EBITDA to be better than Q3

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