UltraTech Cement reported consolidated net sales of ₹23,024 crore in Q2 FY27, up 18.9% year on year (YoY). Profit after tax (PAT) increased 21.3% to ₹1,501 crore, while domestic grey cement sales volumes grew 13.8% to 35.94 million tonnes. The quarter ended on 30 September 2026.
UltraTech Cement’s Q2 FY27 Earnings
| Financial Metric | Q2 FY27 | Q2 FY26 | YoY Change |
| Consolidated net sales | ₹23,024 crore | ₹19,371 crore | +18.9% |
| Profit before interest, depreciation and tax (PBIDT) | ₹3,832 crore | ₹3,268 crore | +17.3% |
| Profit after tax (PAT) | ₹1,501 crore | ₹1,238 crore | +21.3% |
Net sales and PAT increased year on year. PBIDT also grew, indicating higher earnings before interest, depreciation and tax.
AUM, Sales Volumes & Business Metrics
| Operating Metric | Q2 FY27 | Previous Year / Period |
| Domestic grey cement sales volumes | 35.94 million tonnes | +13.8% YoY |
| Coolidated sales volumes | 38.22 million tonnes | +12.9% YoY |
| Operating EBITDA per tonne | ₹974 | +₹60 YoY |
| Capacity utilisation | 71% | 66% in Q2 FY26 |
| Domestic grey cement capacity | 204.7 MTPA | As of 30 September 2026 |
| Global grey cement capacity | 210.1 MTPA | Includes 5.4 MTPA overseas capacity |
| Green power mix | 48% | Share of power requirements met from green sources |
| Renewable energy capacity | 2 GW | Crossed after commissioning a 116.55 MW wind project in Barmer, Rajasthan |
Domestic grey cement volumes grew 13.8% YoY, while consolidated volumes rose 12.9%. Operating EBITDA per tonne improved by ₹60 to ₹974, indicating better operating earnings per tonne of cement sold.
UltraTech Cement Share Price Reaction After Q2 FY27 Results
UltraTech Cement’s Q2 FY27 results drew a mixed market response. The stock initially traded higher but reversed gains after the announcement, falling about 2% and touching an intraday low of ₹10,626, down 5.3% from the day’s high of ₹11,219.
| Results Metric | Value |
| Results announcement date | 19 October 2026 |
| Market reaction | Stock fell about 2% after results |
| Intraday high | ₹11,219 |
| Intraday low | ₹10,626 |
| 52-week high | ₹13,110 (10 February 2026) |
The initial weakness suggests investors weighed the strong YoY growth against sequential profit decline, monsoon-related disruptions and margin pressure. Investors should continue tracking cement demand, pricing trends, input costs and capacity expansion while evaluating the company’s outlook.
UltraTech Cement’s Quarterly Financial Performance
| Quarter | Net Sales | PBIDT | PAT | Sales Volume Growth |
| Q2 FY27 | ₹23,024 crore | ₹3,832 crore | ₹1,501 crore | +13.8% domestic grey cement |
| Q1 FY27 | ₹24,465 crore | ₹5,146 crore | ₹2,604 crore | +13.1% domestic |
| Q4 FY26 | ₹25,467 crore | ₹5,688 crore | ₹3,011 crore* | +9.3% domestic grey cement |
The quarterly comparison helps readers track changes in revenue, profitability, and sales volumes. Differences in exceptional items and reporting measures should be considered before drawing conclusions about performance across quarters.
Key Takeaways from UltraTech Cement Q2 FY27 Results
- Net sales: ₹23,024 crore, up 18.9% YoY.
- PAT: ₹1,501 crore, up 21.3% YoY.
- Domestic grey cement sales volumes: 35.94 million tonnes, up 13.8%
- Consolidated sales volumes: 38.22 million tonnes, up 12.9% YoY.
- Operating EBITDA per tonne: ₹974, up ₹60 YoY.
- Domestic capacity: 204.7 MTPA; global capacity: 210.1 MTPA.
- Green power mix: 48% of power requirements.
- Key metrics to track: Cement demand, realisations, fuel costs, operating margins and capacity utilisation.
Disclaimer: The information provided above is for informational and educational purposes only and should not be construed as investment advice, a recommendation to buy or sell UltraTech Cement shares, or a guarantee of future performance. The financial results, operational metrics, share price data and industry comparisons are based on the information available as of October 2026 and may be subject to revisions or updates. Investors should refer to official company disclosures and stock exchange filings for the latest information.
