UltraTech Cement’s focus on costs helps it beat market expectations even as competition eats into margins

UltraTech, India's largest cement maker, said it is on course to achieve more than 200 million tonnes of annual cement manufacturing capacity by 2026-27. (Reuters)

2025-01-23 19:08:00 : MUMBAI: Fierce competition in the Indian cement industry continues to take its toll on cement manufacturers. Market leader UltraTech Cement Ltd’s profit fell in the October-December quarter from a year earlier despite rising revenue and falling fuel costs. However, shares of UltraTech rose 6.81% to close at $Shares were trading at $11,422.70 … Read more