Transcript of Q2 FY27 Earnings Call of UltraTech Cement Limited

AI summary - Q2 FY27 volume growth at 13.8%, ahead of industry estimated 10% - Cement prices stable in Q2, rose 7-10% month-on-month in late Sept; Oct prices remain high - Fuel costs rose 13% Q-o-Q; INR51.5 per bag fuel cost due to West Asia crisis - Capacity utilization improved to 71% from 66% last year; South and North >70% - Commissioned 4.6 mn tons capacity in Sept; green power meets 47% of power needs - Ultravolt wires & cables launched Sept 3; 80,000 retail points, 1,500 dealers onboarded - FY28 expected to be mature year for Ultravolt; no capex increase beyond INR1,800 Cr - Net debt at 1.26x EBITDA Sept-end; expected below 1x by March 2027 - Pricing power returning; EBITDA per ton target INR1,400 maintained for FY27 - South region transforming with strong volume and pricing growth - UBS network contributes >25% of trade sales; target 10,000 stores by FY29