UltraTech Cement

“That's the intention.”

“Today, we have committed INR1,100 crores, which means cash spend is slightly lesser.”

“we will be taking major shutdowns for India Cements kilns, for upgradation, for attaching WHRS coolers, increasing the preheater, height, etcetera, which will result into, as promised and committed into the fiscal '28 January-March '28 quarter to be a fabulous quarter for India Cements.”

“Let me be very clear, we do not require to invest any further to be a number two in terms of installed capacity.”

“Central and East because of prolonged and heavy monsoons in the Eastern markets, till 2 or 3 days ago also I believe West Bengal was raining. That's why the capacity utilizations were a shade around 60%.”

“Remaining power and control cable lines will be commissioned through the second half.”

“we are looking forward to our next phase of growth, which will take us way beyond 240 million tons of capacity.”

“It's organic growth plan that we are talking about. The plan is getting stitched.”

“We will come with our detailed plans before the end of this financial year.”

“We have grown more than 20% in the Northern markets, in the range of 15% to 20% in the Southern markets, East around 5%, West around closer to 10% as well as 10% in the Central markets.”

“Mumbai being the biggest market moving strongly up by 3% to 4% per bag for both bag and bulk.”

“More than 1,500 UltraTech UBS channel partners have signed up to become dealers for our Ultravolt as a brand. Our retail reach has already crossed about 80,000 points and growing very rapidly.”

“It's very difficult because we're still building the business, but we should see matured performance for fiscal '28.”

“My sense is April-June 2027 will be a quarter worth talking about.”

“Industry estimates put cement demand to grow closer to 10% year-on-year. Our growth of 13.8% this quarter is comfortably ahead”

“So far, we have not seen any direct impact on cement demand.”

“for period ending till March '29 we should see very strong momentum in cement consumption.”

“First quarter was 6.5%, this quarter could be 9%. So, you're already at 7.5%, 8% for supposedly a weaker period for the cement industry.”

“We expect rural demand might soften in some areas, while urban housing, infrastructure, private sector capex will continue to grow very strongly.”

“We exited September in trade at least about 3% above the Q1 average.”

“average trade prices for Q2 were stable in line with Q1, with the quarterly average 1%, 1.5% lower, mainly because of a soft August.”

“My sense is that there is more price improvement that will happen in the near future, in the next couple of months, that is to say.”

“so we expect the full benefit of these price increases to reflect in the Q3 earnings rather than immediately.”

“Q2 average, say, about 5% is what we have seen an increase.”

“It was more about capex. Dividend was one slug which had to be paid out on a particular day.”

“So, that company will be borrowing money for which we have given a corporate guarantee, which helps them get finer interest rates.”

“I had raised NCDs of about INR5,000 crores at 7.25%, which were there for 2 months.”

“On 3rd September this year, we launched our Wires and Cables business under the brand Ultravolt.”

“PVC conduit is an immediate thing that we are developing, which is required for our wires.”

“we are not doing fans and tube lights and whatever else you might think of.”

“Production and sales of house wire, panel wire and multicore cable has already started.”

“But the Board has taken a decision to keep reviewing its dividend distribution year-on-year basis the performance of the company.”

“It's already accounted for. There's no reversal in that, Amit.”

“Pet coke prices have shot through the roof. They were trading around $180 per ton as I last checked.”

“I won't pretend that second half will be free of cost pressures.”

“The indirect risks are higher inflation, tighter monetary conditions and less fiscal room if fuel does not come down in terms of costs.”

“Coal India is giving priority to the power sector, which tightens the domestic availability for the industry. Industrial diesel prices have been continuously increased by the government.”

“In fact, because production is not ramping up, quite often, we are reaching a stock-out situation.”

“improvement in efficiency and a 21% increase in net profit.”

“47% of our power needs were met from non-fossil fuel sources.”

“We have commissioned AFR systems at 2 plants, taking our thermal substitution rate to about 7.2%.”

“It is a division. So, it's part of my financials.”

“No, nothing specific, Prateek. These are all routine expenses. Our brand ambassador is common, so expenses are also common.”