UltraTech Cement time testimony
UltraTech Cement delivered a solid performance in Q4FY24, defying industry price pressures!
Here's what stood out:
Profitability on the Rise: EBITDA reached a multi-quarter high of ₹4,114 crore, thanks to efficient cost management.
Stable Prices on the Horizon: Management expects FY25 to see stable pricing, with potential increases in some regions.
Cost Reduction Champions: UltraTech aims to cut costs by ₹300-400/tonne in the next few years through green power, alternative fuels, and logistics optimization.
Volume Growth Leader: Domestic operations volume grew 11.2% YoY, exceeding industry averages!
Future Expansion Plans: The company is aiming for a total capacity of 200mtpa by FY27, solidifying their market position. ️
While near-term demand might slow due to seasonal factors, UltraTech's focus on cost reduction and expansion positions them for long-term success!
#UltraTechCement #CementIndustry #Growth #Sustainability
Associate at THEOBROMA FOODS PRIVATE LIMITED
3moBest of luck!