UltraTech Cement reported a 21.3% rise in consolidated net profit to ₹1,494 crore for the July to September quarter of FY27, on 18.8% growth in revenue from operations to ₹23,295.07 crore. The Aditya Birla group flagship announced its Q2 results on Monday, 19 October 2026, and the stock fell as much as 5.3% from the day’s high.
The shares touched a low of ₹10,626 after hitting ₹11,219 earlier in the session, and they trade close to their 52-week low of ₹10,325.
UltraTech Cement Q2 FY27 Results at a Glance
Domestic cement volume grew 13.8% to 35.9 million tonnes, even in a quarter affected by the monsoon. Operating profit rose 20.3% to ₹3,721 crore, and the EBITDA margin expanded by 19 basis points year on year to 16%.
UltraTech Cement Q2 FY27 key numbers
| Metric | Q2 FY27 | Change YoY |
|---|---|---|
| Consolidated net profit | ₹1,494 crore (from ₹1,231.58 crore) | 21.3% |
| Revenue from operations | ₹23,295.07 crore (from ₹19,606.93 crore) | 18.8% |
| Operating profit (EBITDA) | ₹3,721 crore | 20.3% |
| EBITDA margin | 16% | 19 bps higher |
| Domestic cement volume | 35.9 million tonnes | 13.8% |
UltraTech Cement H1 FY27 Performance
Consolidated net profit for the first half of FY27 was ₹4,194.94 crore, up 12.2% from ₹3,740.20 crore in the first half of FY26. Total income grew 17.3% to ₹47,943.27 crore from ₹40,882.38 crore.
The first half was stronger in the June quarter. UltraTech reported a profit of about ₹2,600 crore and revenue of ₹24,648.20 crore in Q1 FY27, so Q2 profit was well below Q1 and revenue fell 5.5% from it. This is the sequential decline that investors noticed after the results.
The Year-Ago Base for UltraTech Cement
This year’s growth came on a high base. In Q2 FY26, the company’s consolidated profit jumped 75.2% to ₹1,231.58 crore, and revenue was ₹19,607 crore with an EBITDA margin of 15.8%. Against that comparison, a 21.3% rise in profit and a margin of 16% show continued but slower improvement.
Cost Pressure Flagged Earlier by Management
On its Q1 call, management had guided that costs in Q2 would be higher by ₹130 to ₹140 per tonne because of the full impact of fuel price increases and seasonal maintenance. Q1 had also shown that fuel, raw material and packaging costs were rising.
- Q1 FY27 operating EBITDA per tonne was ₹1,214, only ₹16 higher than a year earlier.
- Fuel costs rose 5% to ₹915 per tonne in Q1, and raw material costs rose 9% to ₹682 per tonne.
- Capacity utilisation in Q1 was 81%, and consolidated capacity was 205.5 million tonnes per annum.
The Q2 numbers show a small margin gain against last year but a lower profit than the previous quarter, which is consistent with that cost guidance.
UltraTech Cement Share Price Reaction
The stock reversed its early gains after the results on 19 October. At 2:20 pm it traded at ₹10,702, down 1.9%, on volumes of about 4.77 lakh shares on the NSE. The Nifty 50 was down 1.2% at 22,863 at the time.
UltraTech Cement share price markers
| Marker | Price |
|---|---|
| Day’s high, 19 October | ₹11,219 |
| Day’s low, 19 October | ₹10,626 |
| 52-week low (23 March 2026) | ₹10,325 |
| 52-week high (10 February 2026) | ₹13,110 |
Green Power Milestone
Earlier this month, UltraTech became the first Indian company to cross 2 GW of captive green power capacity. It commissioned a 116.55 MW wind energy project in Barmer, Rajasthan, and 10 MW of waste heat recovery capacity at Sarlanagar Cement Works in Karnataka. According to the company, these plants meet about 48% of its current power requirement.
India Cements Integration
UltraTech’s acquisition of India Cements is a part of its cost story. On the Q1 call, the company said India Cements’ EBITDA per tonne had risen from ₹386 in Q2 FY26 to ₹603 in Q1 FY27, with a target of ₹1,000 per tonne in sight by Q4 FY28 as capital expenditure benefits flow through. At the end of Q1, the company also reported a green power mix of 47%.
What Investors Track in Cement Stocks
Cement demand is closely tied to housing, infrastructure and monsoon conditions, and prices and input costs vary by region. Investors who follow the sector usually look at volume growth, EBITDA per tonne, fuel and freight costs and capacity additions.
To buy shares of listed cement companies, investors need to open a demat account and a trading account with a registered broker. Those who track results-day moves on a stock trading app can compare the share price with the 52-week range shown above. The company’s exchange filings are the primary source for the full results and investor presentation.
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