The company plans to add 68mt to its grey cement capacity by FY27E, targeting 200mt total capacity through organic and inorganic expansion, aiming for a 27 per cent market share by FY27E (up 450bps).
JPMorgan, maintaining an ‘Overweight’ rating, has set its target price at Rs 13,470, acknowledging that while volumes were in line with expectations and realisations remained flat, cement demand and pricing are expected to improve in the near-term, according to reports.
UltraTech Cement’s revenue, however, grew 2.7 per cent Y-o-Y to Rs 17,193.3 crore in Q3FY25, from Rs 16,740 crore in Q3FY24.
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