UltraTech Cement's profit falls 45% in Q2 FY26

Business Oct 18, 2025

UltraTech Cement, India's largest cementmaker, saw its net profit drop 45% this July-September (Q2 FY26), landing at ₹1,238 crore—much lower than what analysts expected.
The main reasons? Higher fixed costs and fewer sales compared to last quarter.

Revenue dips 8% from last quarter

Revenue also dipped 8% from last quarter, but interestingly, it's still up 20% compared to last year, thanks to better prices and some recent takeovers.
Even with profits down, UltraTech isn't slowing down—they've just announced a massive ₹10,255 crore investment to ramp up production by nearly 23 million tons a year, starting FY28.