UltraTech gains volume share as Ambuja shifts focus to margins
UltraTech reported 12–13% Q1 volume growth and 81% capacity utilisation, versus industry growth of about 7–8%. Ambuja curtailed low-margin non-trade sales, targeting Rs 130–150 per tonne in savings and a Rs 4,250-per-tonne cost base by end-FY27.
UltraTech gained share with 12-13% Q1 volume growth and 81% utilisation, while Ambuja cut low-margin non-trade sales to prioritise profitability. UltraTech targets 207 million tonnes capacity by FY27; Ambuja targets Rs 4,250-per-tonne costs.
Why this matters
UltraTech’s volume-share gains align with its capacity-expansion financing: it recently approved a ₹5,000 crore NCD fundraise and planned a ₹5,000 crore bond raise to lower borrowing costs.
Retail-company is accelerating, up 164444% QoQ.