UltraTech Cement Limited, a flagship company of the Aditya Birla Group and India's leading cement manufacturer, is scheduled to announce its fourth-quarter and full fiscal year 2026 earnings on Monday, April 27, 2026. The company's board will also deliberate on recommending a dividend for its equity shareholders for the year ending March 31, 2026.
Ahead of the results, shares of UltraTech Cement have demonstrated strong performance, gaining approximately 10% over the past month. In the current session, the stock was trading on a flat note at Rs 12,112.20, with a market capitalization standing at Rs 3.56 lakh crore.
Analyst Expectations for Q4 Performance
Market analysts have released their projections for UltraTech Cement's Q4 FY26 performance. Nuvama Research anticipates a consolidated volume growth of about 12% year-on-year. However, they project a slight decline in blended EBITDA per tonne, expecting it to fall by approximately 2.4% year-on-year to Rs 1,099.
Nomura Research also forecasts a 10% year-on-year increase in volumes. They expect operating costs per tonne to rise by 2% compared to the previous year, primarily due to higher raw material, power, and fuel expenses. Despite this, Nomura projects an improvement in EBITDA per tonne by Rs 85 quarter-on-quarter, reaching Rs 1,085.
PL Capital's outlook suggests consolidated volumes could rise by about 9% year-on-year to roughly 45.3 million tonnes, driven by seasonal strength and an enhanced market share. They foresee a 1% quarter-on-quarter dip in blended realization. While consolidated EBITDA per tonne is expected to increase by Rs 81 quarter-on-quarter to Rs 1,088, it is anticipated to be Rs 24 lower on a year-on-year basis.
Previous Quarter's Performance
In the third quarter of fiscal year 2026, UltraTech Cement reported a robust 32% year-on-year increase in consolidated net profit, reaching Rs 1,792 crore (excluding exceptional items). Revenue from operations for Q3 FY26 surged by 22.5% to Rs 21,506 crore, up from Rs 17,555 crore in the corresponding quarter of the previous fiscal year. The company's EBITDA for the quarter stood at Rs 4,051 crore, marking a 29% rise compared to Rs 3,142 crore in Q3 FY25.