News

Published: October 2, 2023
Updated: October 2, 2023

UltraTech Cement Records Impressive Growth in Q2FY24 Sales Volume

UltraTech Cement, a prominent player in the cement industry, has delivered outstanding performance in the second quarter of the fiscal year ending September 30, 2023. With significant growth in both domestic and overseas sales, the company is poised for continued success.

Robust Sales Figures:

UltraTech Cement reported a consolidated sales volume of 26.69 million tonnes (MT) in Q2FY24, marking a remarkable growth of 15.54% compared to the same period in the previous fiscal year. This surge in sales demonstrates the company's strong market position.

Domestic Sales Surge:

In the domestic market, UltraTech Cement witnessed a substantial increase in its sales volume. Q2FY24 saw a 15.37% rise, with sales reaching 25.66 MT compared to 22.24 MT in Q2FY23. This growth underscores the demand for cement in the domestic construction and infrastructure sectors.

Production Milestones:

The company's grey cement production in the domestic market reached 25.24 MT during the September quarter of FY24, registering a robust 15.46% growth. Additionally, white cement production experienced a notable YoY increase of 10.52%, totaling 0.42 MT. These production milestones reflect UltraTech Cement's commitment to meeting market demands.

Overseas Expansion:

UltraTech Cement's overseas sales, primarily in grey cement, surged by an impressive 21.64% in Q2FY24, reaching 1.18 MT, compared to 0.97 MT in Q2FY23. This international growth further strengthens the company's global presence.

Strong Manufacturing Infrastructure:

With a consolidated capacity of 137.85 million tonnes per annum (MTPA) of grey cement, UltraTech Cement boasts a robust manufacturing infrastructure. The company operates 23 integrated manufacturing units, 29 grinding units, one clinkerisation unit, and eight Bulk Packaging Terminals, facilitating its ability to meet market demands efficiently.

Market Performance:

UltraTech Cement's share price has displayed stability over the last three months, reflecting investor confidence in the company's performance. Year-to-date, the shares have gained over 18%, while the stock has surged by more than 33% in the past year.

UltraTech Cement's impressive Q2FY24 sales volume growth, both domestically and overseas, showcases its resilience and market leadership. The company's commitment to meeting demand, backed by a strong manufacturing infrastructure, positions it for continued success in the competitive cement industry.