Strong Q1 sets stage for FY27 growth as UltraTech bets on cables business

UltraTech Cement posted a 17% year-on-year rise in Q1 consolidated profit to Rs 2,599 crore with revenue up 16%, though EBITDA margin contracted 70 basis points year-on-year to 20.9% due to higher fuel and packaging costs. The September quarter is expected to remain challenging on monsoon seasonality and elevated fuel costs linked to the West Asia conflict, with EBITDA per tonne likely falling by about Rs 130-140 from Rs 1,214. The Rs 1,800-crore cables and wires project is on track, with Rs 888 crore already invested and trial runs underway.