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UltraTech Cement Ltd
OTC:UCLQF

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UltraTech Cement Ltd
OTC:UCLQF
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Price: 103 USD Market Closed
Market Cap: $29.7B

UltraTech Cement Ltd
Investor Relations

In the world of construction materials, UltraTech Cement Ltd. stands as a colossus, casting a long, influential shadow across India's infrastructure landscape. Born out of the visionary ambitions of the Aditya Birla Group, UltraTech embarked on its journey to revolutionize the cement industry with an unyielding commitment to quality and sustainability. Headquartered in Mumbai, this giant has meticulously orchestrated its operations to stretch across not only India but also overseas markets in the Middle East, Sri Lanka, and beyond. With an eye keenly on scalability and efficiency, UltraTech operates an extensive network of plants, spanning 23 integrated units, 27 grinding units, and 7 bulk terminals, which facilitate a staggering annual production capacity of over 120 million tonnes. This robust infrastructure underpins the company's meticulous approach to producing a wide array of products including Ordinary Portland Cement, Portland Pozzolana Cement, and specialty concretes, catering to a diverse range of construction needs.

UltraTech thrives on its intricate business model that weaves through manufacturing, distribution, and retail. Cement production begins with the procurement of limestone, a key raw material, which is then subjected to complex chemical processes involving heating at high temperatures in kilns. The result is clinker, which is mixed with additives and ground into the fine powder recognized as cement. The company not only capitalizes on its vast production capabilities but also invests heavily in logistical infrastructure, ensuring timely delivery through a vast network of dealerships, which exceed 80,000 outlets. By maintaining rigorous quality checks and leveraging cutting-edge technology, UltraTech Cement ensures a consistent product that meets varied construction standards. Strategic marketing and branding efforts fortify its position in the minds of consumers, while its focus on sustainability initiatives, such as waste heat recovery and carbon reduction, enhances its corporate ethos, turning both economic and environmental considerations into avenues for profitability.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Jan 24, 2026
AI Summary
Q3 2026

Strong Demand: Management highlighted robust demand across all regions, driven by significant government infrastructure projects and private sector growth.

Volume & Margins Beat: The company delivered better-than-expected volumes and margins this quarter, with several analysts noting the outperformance.

Cost Efficiency: Efficiency programs are ahead of plan, with notable reductions in lead distance and clinker conversion factor, supporting margin improvement.

Capacity Expansion: UltraTech expects to add 8–9 million tonnes capacity this quarter, 12 million tonnes in FY '27, and reach 235 million tonnes by FY '28.

Integration Progress: Integration of recent acquisitions (Kesoram, India Cements) is progressing well, with brand conversion rates at 69% and 58% respectively.

Input Costs & Pricing: Input costs like pet coke and coal are rising, but management is confident higher costs can be passed through to prices as demand stays strong.

Positive Outlook: Management expressed strong confidence for the coming quarters and reiterated guidance for robust demand and profitability improvements.

Key Financials
Net Debt to EBITDA
1.08x
Clinker Conversion Factor
1.49
Lead Distance
363 km
Renewable Energy Share
41%
Capacity Addition Q4 FY '26
8–9 million tonnes
Planned Capacity Addition FY '27
12 million tonnes
Total Target Capacity by FY '28
235 million tonnes
Premium Share
36%
Industry Demand Growth Q3
9–10%
Industry Demand Growth 9 months
6.5–7%
CapEx (9 months)
INR 7,000–7,200 crores
EBITDA per tonne (Kesoram)
INR 600
EBITDA per tonne (India Cements)
INR 400
India Cements Brand Conversion
58% at end of December '25
Kesoram Brand Conversion
69% at end of December '25
Other Earnings Calls

Management

Mr. Kailash Chandra Jhanwar B.Com, C.S (Inter), FCA
MD & Whole-time Director

Kailash Chandra Jhanwar is an accomplished executive with a significant track record in the cement industry, particularly with UltraTech Cement Ltd., which is part of the Aditya Birla Group, a large Indian conglomerate. Mr. Jhanwar holds a Bachelor of Commerce degree and is a qualified Chartered Accountant. He has also completed his Company Secretary (Inter) certification, equipping him with a strong foundation in finance and corporate governance. Mr. Jhanwar has been associated with the Aditya Birla Group for several decades and has assumed various leadership roles throughout his career. Prior to his position at UltraTech, he gained extensive experience across different segments of the business, contributing to the group's growth and strategic initiatives. Known for his expertise in financial management, operational excellence, and strategic planning, he has played a pivotal role in driving the company's expansion and enhancing its market position. As a leader at UltraTech Cement Ltd., Mr. Jhanwar has been instrumental in steering the company through various challenges in the cement industry, focusing on innovation, sustainability, and operational efficiency. His leadership approach emphasizes customer satisfaction, employee empowerment, and stakeholder engagement, which have been key factors in UltraTech's success as one of the largest cement producers in India and a prominent player on the global stage.

Mr. Atul Daga
Chief Financial Officer

Atul Daga is an influential figure in the corporate world, especially known for his role at UltraTech Cement Ltd, which is part of the Aditya Birla Group, one of India's largest conglomerates. He serves as the Executive Director and Chief Financial Officer (CFO) at UltraTech Cement, bringing a wealth of experience in financial management and strategic planning to the organization. As CFO, Atul Daga plays a crucial role in steering the financial strategy of UltraTech, India's largest manufacturer of grey cement, ready-mix concrete (RMC), and white cement. He is responsible for the company’s financial operations, risk management, and ensuring the stability and growth of UltraTech’s financial resources. Under his leadership, the company has seen substantial growth, helped by strategic acquisitions and expansions that have strengthened its position in the cement industry. Before joining UltraTech, Atul Daga has had an extensive career in finance and has held pivotal roles in various companies within the Aditya Birla Group. His expertise includes financial restructuring, mergers and acquisitions, and capital markets, which are critical areas that have supported UltraTech’s expansion initiatives both in India and internationally. Atul Daga's leadership has been instrumental in instilling robust financial practices and sustainability initiatives within the company, aligning with global standards and practices. His strategic insights and financial acumen continue to drive UltraTech's success in an increasingly competitive market.

Mr. Pramod Rajgaria
President of International Operations

Mr. Pramod Rajgaria is a prominent figure at UltraTech Cement Ltd., where he holds the position of Executive President and Chief Marketing Officer (CMO). With a strong background in the cement and construction industry, Mr. Rajgaria has played a key role in shaping the marketing strategies and business growth for UltraTech, which is one of the leading cement companies in India. His leadership is pivotal in steering UltraTech's brand positioning and market expansion across various segments. Known for his insight into the industry, Mr. Rajgaria continues to contribute significantly to ensuring UltraTech's competitive edge in a dynamic market environment. His expertise in strategic marketing and operations management has been instrumental in driving the company's success and maintaining its leadership position in the industry.

Mr. Mukesh B. Agarwal
Executive President of Corporate Finance Division

Mukesh B. Agarwal is a noted executive associated with UltraTech Cement Ltd, a leading cement company in India that is part of the Aditya Birla Group. In his role, he contributes to the strategic leadership and operational efficiency of the company. UltraTech Cement is renowned for its robust production capacity and extensive distribution network. As an executive, Mukesh B. Agarwal plays a crucial part in overseeing the company's initiatives to maintain its competitive edge in the cement industry, emphasizing innovation, sustainability, and growth. His expertise supports UltraTech in its endeavor to enhance its market presence while addressing environmental and economic challenges.

Mr. Sanjeeb Kumar Chatterjee
Compliance Officer & Company Secretary
No Bio Available
Dr. Pragnya Ram
Group Executive President of Corporate Communication & CSR

Dr. Pragnya Ram is a distinguished professional known for her significant contributions to the field of corporate communications and corporate social responsibility (CSR) in India. She served as the Group Executive President of Corporate Communications and CSR at the Aditya Birla Group, which includes UltraTech Cement Ltd., one of its flagship companies. With an academic background that includes a doctorate, Dr. Ram has been instrumental in shaping the communication strategies and CSR initiatives of one of India’s largest conglomerates. Her leadership has been pivotal in enhancing the group's corporate image and driving impactful social responsibility programs. Dr. Ram is celebrated for her strategic vision and ability to integrate core business objectives with social commitments, thus fostering sustainable development. Her work has garnered respect within the industry, and she is often recognized for her dedication to leveraging corporate resources for broader societal benefits.

Mr. Vivek Agrawal B.Tech., M.B.A.
Whole-time Director & Chief Marketing Officer

Vivek Agrawal serves as a prominent executive at UltraTech Cement Ltd., one of the leading cement producers in India and part of the Aditya Birla Group. He holds a B.Tech and an M.B.A., equipping him with a solid foundation in both technical and managerial aspects. In his role at UltraTech Cement, Vivek Agrawal is instrumental in steering the company's strategic initiatives, focusing on innovation and sustainability to drive growth. His leadership is marked by a commitment to operational excellence and enhancing market presence in the cement industry. Agrawal's expertise encompasses various facets of business administration and engineering, enabling him to oversee complex projects and contribute significantly to the company's performance. Under his guidance, UltraTech Cement continues to expand its footprint, adopting cutting-edge technologies to meet the dynamic demands of the construction sector.

Mr. Chandrashekhar Chavan
Chief Human Resources Officer
No Bio Available
Mr. E. R. Raj Narayanan
Chief Manufacturing Officer

E. R. Raj Narayanan is a distinguished executive at UltraTech Cement Ltd., part of the Aditya Birla Group, which is one of India's leading manufacturers of cement and related products. He operates as the Chief Manufacturing Officer at UltraTech Cement, where he plays a pivotal role in overseeing the manufacturing operations of the company. With a strong background in the cement industry, Mr. Narayanan brings extensive experience and expertise to his role. His responsibilities include ensuring that the manufacturing procedures align with the highest quality standards and operational efficiency. Under his leadership, UltraTech has continued to innovate and optimize its manufacturing processes to maintain its position as a leader in the industry. Mr. Narayanan is recognized for his strategic vision and focus on sustainability, which is crucial given the environmental challenges associated with cement production. His leadership emphasizes not only operational excellence but also a commitment to reducing the carbon footprint of UltraTech's manufacturing activities. Throughout his tenure, E. R. Raj Narayanan has contributed significantly to the company's growth and its efforts to adopt cutting-edge technologies in manufacturing, ensuring that UltraTech remains competitive in the global market.

Mr. Ashish Dwivedi
Chief Executive Officer of Birla White

As of the most recent information available, there is no detailed or widely recognized biography of an officer named Mr. Ashish Dwivedi from UltraTech Cement Ltd. Without further information or specific context, it is difficult to provide an accurate biography of this individual. If you have any additional details or context about his role or achievements, it might help in identifying and providing more specific information. Otherwise, it is likely that he is not a publicly known figure at the executive level in the organization.

Contacts

Address
MAHARASHTRA
Mumbai
B Wing, 2nd floor, Ahura Centre, Mahakali Caves Road, Andheri (East)
Contacts