UNCOVERED: Ultratech - Caught on Camera

UltraTech Cement shares jump 3% as brokerages revise target prices after Q2 results. What Jefferies, Citi are saying

Shares of UltraTech Cement increased by 3% after the company reported strong quarterly earnings for Q2 FY27. The company's net profit saw a 21% growth compared to the previous year, driven by operational revenue increases. Jefferies raised its target price for the stock, indicating significant upside potential. Meanwhile, Nomura and…

The Economic Times · Oct 21

UltraTech commissions Rs 2,650 crore cement plant in Andhra Pradesh in 14 months

The integrated cement plant, located in Petnikota village in Kolimigundla mandal in the Rayalaseema region, has a clinkerisation capacity of 3.3 million tonnes a year and cement dispatch capacity of 3.6 million tonnes a year.

The Economic Times · Oct 19

UltraTech Cement Q2 Results: Net profit jumps 21% YoY to Rs 1,494 crore; revenue up 19%

UltraTech Cement Q2 Results: The cement maker reported a 21% year-on-year rise in consolidated net profit to Rs 1,494 crore in Q2 FY27, while revenue grew 19% to Rs 23,295 crore. However, profit fell 43% sequentially amid monsoon-related disruptions and the West Asia crisis, with margins also declining from the…

The Economic Times · Oct 19

Wires on fire: Why UltraTech’s Rs 1,800 crore Ultravolt bet wiped out Rs 21,500 crore in 2 days

UltraTech’s entry into wires and cables triggered a sharp selloff in listed peers as investors assess the impact of intensified competition on market share, pricing and margins. While house wires and light-duty cables face the most immediate pressure, higher-voltage segments remain relatively insulated. Analysts remain positive on long-term industry growth,…

The Economic Times · Sep 7

Polycab, KEI Industries shares crash up to 9% after UltraTech Cement enters wires & cables business. What Jefferies, Nuvama expect

Shares of Polycab and KEI Industries fell sharply after UltraTech Cement launched its ₹1,800 crore wires and cables business, Ultravolt. Brokerages warned that the Aditya Birla Group’s aggressive entry could trigger near-term de-rating across the cables and wires sector, although Nuvama retained Polycab and KEI as its top picks.

The Economic Times · Sep 4

Birla built India with cement, now it wants to wire up what powers it with a ₹1,800 crore bet

In an ambitious move, Aditya Birla Group has unveiled Ultravolt, a new enterprise dedicated to wires and cables. The company seeks to establish itself as a top contender within five years, utilizing the extensive distribution reach of UltraTech Cement. This launch responds to India's growing needs in the construction and…

The Economic Times · Sep 3

Aditya Birla Group launches Ultravolt with Rs 1,800 crore bet, debuts as India’s No. 2 wires player by capacity

Aditya Birla Group launched its Ultravolt wires and cables business with a significant investment. This new venture aims to become a top player in the wires segment within five years. Ultravolt will expand UltraTech Cement's participation in the construction value chain. The business will reach over one lakh retailers and…

The Economic Times · Sep 3

India’s new capex cycle is being driven by cash-rich giants, HSBC India CEO Hitendra Dave says

India's corporate investment cycle now features financially stronger companies expanding capacity. These well-capitalized groups are using internal cash flows for growth and consolidation. This differs from the earlier debt-heavy boom which relied on bank financing. HSBC India's balance sheet is expanding significantly, crossing five lakh crore rupees. Global capital flows…

The Economic Times · Aug 24

Pilani Investment to sell 1.7 million UltraTech Cement shares for ₹1,908 crore

Pilani Investment plans to sell 1.7 million UltraTech Cement shares valued at ₹1,908 crore on August 13, 2026, at a 3% discount. Separately, UltraTech Cement is acquiring a 26% stake in Solaris Horizon Energy to support its green energy initiatives.

The Economic Times · Aug 12

UltraTech Cement shares gain 2% after Q1 results. Why Nuvama, other brokerages raised target?

UltraTech Cement shares rose after the company posted a 17% year-on-year rise in Q1 FY27 consolidated net profit to Rs 2,599 crore and a 16% increase in revenue to Rs 24,648 crore. The stock also gained after multiple brokerages raised their target prices, encouraged by strong earnings and management guidance

The Economic Times · Jul 21