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Dismal volumes, high costs major overhangs in Q2 performance of UltraTech

Weak demand and monsoon impacted volumes, while net profit missed estimates due to higher expenses

UltraTech Cement
UltraTech Cement

The 2 per cent year-on-year (YoY) decline in UltraTech’s reported sales volume at 17.77 million tonnes (mt) in the domestic operations for the September quarter (Q2) was disappointing, as analysts — after factoring in consolidation of cement capacities acquired from Century Textiles — were expecting a growth of 4 per cent to 19 mt. The improvement in realisations on a YoY basis, however, continued to provide support. The price of a 50 kg cement bag in the country averaged at Rs 354 during Q2, better than the Rs 331 in the year-ago quarter. Revenue at Rs 9,621 crore ...