India's UltraTech Cement sees domestic sales rise 9% YOY in FY 2025-26

India's UltraTech Cement posted higher cement sales in fiscal year 2025-26 (April-March), supported by strong domestic demand and improved capacity utilization, the company said in a statement April 28.

Domestic cement sales rose 9.3% year over year, UltraTech said, without disclosing the volume, with utilization rates reaching 89%. The company attributed the growth to sustained infrastructure spending and resilient housing demand.

UltraTech's domestic cement capacity increased to 200.1 million metric tons/year following the commissioning of additional capacity in April, taking its global capacity to 205.5 million mt/y, the company said.

Market participants in South Asia said the company has been expanding its production base over the past year to keep pace with rising demand from India's construction sector.

"UltraTech has commissioned additional plants like the Aligarh unit in Uttar Pradesh, mainly to cater to India's rising demand," a Southeast Asia-based trader said.

The company reported consolidated net sales of Rupees 546.7 billion ($6.59 billion) in FY 2025-26, up 12% year over year. Operating performance also strengthened, with record quarterly operating profit and margins expanding to 22%, supported by lower energy costs and a higher share of green power, which accounted for 43% of total consumption.

Platts, part of S&P Global Energy, last assessed cement (ASTM type I) FOB Vietnam at $38/mt on April 23, down from $38.50/mt the previous week. Platts assessed cement clinker FOB Vietnam at $33.50/mt, down from $34.50/mt over the same period.