UltraTech Posts Record Q4, Expands to 205 MTPA Global
UltraTech Cement Limited, Aditya Birla Group’s cement flagship, announced landmark financial results for the quarter and full year ended March 31, 2026, crossing 200 MTPA domestic grey cement capacity. Consolidated Net Sales rose to Rs 25,467 crores in Q4FY26, up 12% year-on-year, while PBIDT scaled to an all-time quarterly high of Rs 5,688 crores, up 20%. Operating PBIDT per tonne reached Rs 1,253, up 11%, and Normalised Profit after Tax was Rs 3,011 crores, up 21%. Operating margin expanded to 22%, a 200-basis point improvement.
Grey cement sales volumes for India reached 42.41 million tonnes in the quarter, rising 9.3% year-on-year as capacity utilisation surged to 89%. During FY26 the company commissioned 8 MTPA, and in April 2026 added 8.7 MTPA via grinding units in Shahjahanpur, Visakhapatnam, and Patratu. Total domestic grey cement capacity now stands at 200.1 MTPA. Including an international footprint of 5.4 MTPA, UltraTech’s global cement manufacturing capacity is 205.5 MTPA, positioning it as the largest cement producer outside of China. The company invested Rs 9,600 crores in capex during FY26.
Energy costs declined 3% year-on-year, powered by a higher green power mix now at 43% of total power consumption versus 34.4% last year. Total installed green power capacity reached 1,806 MW, including 1,392 MW renewable and 414 MW WHRS, with about 41% of FY26 power needs sourced from green energy. Expanded Alternative Fuel and Raw material mix and improved conversion ratios cut total costs per tonne by 2% year-on-year. White cement volumes grew 15.3% in Q4FY26, strengthening value-added building solutions.
The Board recommended a Special Dividend of Rs 240 per share for FY25-26, citing PAT crossing Rs 8,000 crores for the first time, domestic capacity surpassing 200 MTPA, and operating cash flows rising 50% year-on-year to Rs 14,398 crores. Net Debt-to-EBITDA improved to 0.94x. Projects under execution, backed by over Rs 16,000 crores over three years, aim to lift consolidated capacity above 240 MTPA. The Cables and Wires business is on schedule for commissioning by Q3 FY27, diversifying UltraTech’s building materials portfolio.
For real estate developers, infrastructure firms, and contractors, UltraTech’s scale and green power integration signal improved supply reliability and cost discipline amid volatile fuel markets. The capacity ramp-up across Uttar Pradesh, Andhra Pradesh, and Jharkhand supports housing and infra pipelines, while WHRS and renewable adoption reinforce sustainable construction supply chains. As India’s largest cement maker expands, procurement strategies and embodied carbon metrics for concrete will shift for commercial and residential projects. Read more details at UltraTech Cement https://www.ultratechcement.com/ .
