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UltraTech Cement Q3 Review — Motilal Oswal Retains 'Buy' On Robust Volume Growth; Positive Demand Outlook
UltraTech is estimated to continue to gain market share with its robust capacity expansion (including inorganic growth), says Motilal Oswal
24 Jan 2025, 11:28 AM IST 
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UltraTech Cement Ltd.’s Q3 FY25 operating performance was in line with the brokerage's estimate, with Ebitda standing at Rs 28.9 billion.
(Cement bags lying inside a warehouse in Jogeshwari, Mumbai. Photo source: Vijay Sartape/ NDTV Profit)
UltraTech Cement has reported strong volume growth of ~11% YoY versus the estimated industry volume growth of ~5% in Q3 FY25. There are signs of recovery in cement demand across all sectors including infrastructure, IHB, rural, and urban demand.
