UltraTech targets 237 mtpa cement capacity by FY28 as Q1 volumes rise 12%

UltraTech Cement held Q1FY27 EBITDA per tonne at ₹1,214 despite higher fuel and packaging costs, aided by 12% volume growth. The company commissioned 8.7 mtpa during the quarter and plans ₹17,000 crore in capex over the next two to three years as competition intensifies.

— Filed Tue, 21 Jul, 2026, 13:56 IST · Source Mint · Markets · Updated

UltraTech maintained ₹1,214 EBITDA per tonne in Q1FY27 as volumes rose 12%, despite higher fuel and packaging costs. It commissioned 8.7 mtpa capacity, plans ₹17,000 crore capex, and targets 237 mtpa grey cement capacity by FY28 amid stiff sector competition.

Why this matters

The target follows UltraTech Cement's recent Q1 signals: profit rose 16.8% on volume and revenue gains, while capacity crossed 200 MTPA as Q1 volume growth lifted profit.

Retail-company is accelerating at +949900% QoQ.