Slides
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UltraTech Cement Limited Q2 FY26 Result Presentation Stock code: BSE: 532538 | NSE: ULTRACEMCO Reuters: UTCL.NS | Bloomberg: UTCEM IS/UTCEM LX
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Macro and Sectoral update 1 Business update 2 ESG update 3 Financial performance 4 Agenda
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Macro and Sectoral Updates Demand drivers and policy tailwinds Andhra Pradesh Cement Works
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Macro Indicators 4Source: Research Reports Reduction in Personal Income Tax rates along with reduction in GST slab rates expected to boost demand Above normal monsoon, better water reservoirs levels, good crop sowing, MSP support is expected to boost rural cash flows and economy Continuous budgetary support for affordable housing in both Rural and Urban India to boost demand further Upward revision of GDP estimate from 6.5% to 6.8% by RBI CPI slowed further in September, to 1.54% YoY
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5 Zone I C H R Key Drivers North Central East West South ❖ Housing registered overall growth. Adverse weather conditions impacted demand in certain regions ❖ Infrastructure registered degrowth on account of monsoons in parts of Punjab, Uttarakhand, Himachal Pradesh and Jammu & Kashmir. Completion of major projects and delay in announcement of new projects ❖ Commercial registered overall growth ❖ Housing and rural registered growth across regions ❖ Infrastructure registered degrowth due to completion of major projects and delay in announcement of new projects ❖ Commercial registered overall growth ❖ Housing registered growth in both rural and urban areas. In Bihar, high pace of work was on account of upcoming elections in November. ❖ In Odisha, sand shortage and delay in fund release in PMAY impacted demand ❖ Infra demand was supported by projects like Patna-Kolkata Expressway, Buxar-Bhagalpur Expressway, Kolkata and Patna metro expansion, airport expansion in Kolkata and Bagdogra, etc. ❖ Commercial registered growth across regions ❖ Maharashtra: Housing registered overall growth. Mumbai was impacted due to rains ❖ Infrastructure demand was supported by projects like Mumbai metro, Mumbai-Delhi Expressway, Nagpur metro extension, High Speed Rail corridor, various NHAI projects etc. ❖ Commercial registered strong growth across all regions ❖ Gujarat: Housing registered growth across regions with strong growth coming from rural areas ❖ Infrastructure registered degrowth on account of near completion of major projects like High-Speed Rail, delay in commencement of new projects and labour shortage on account of festive season ❖ Commercial registered growth across regions ❖ Housing registered growth across regions. Urban demand in Karnataka was impacted due to stringent norms for building sanction, sand and laterite shortage ❖ Infrastructure registered growth on account of projects like Bangalore metro, NH66 Project in Kerala and Karnataka, Integrated Renewable Energy project in Kurnool, Udangudi port, Bangalore-Vijaywada highway, Bhogapuram airport etc. ❖ Commercial registered growth across regions Sectoral Update Q2 FY26 Note: I: Infrastructure, C: Commercial, H: Housing, R: Rural, PMAY: Pradhan Mantri Awaas Yojana, NHAI: National Highways Authority of India