Ultratech Cement Records 6% Surge in Sales, Reaching 27.3 Million Tonnes in Q3 FY24

Ultratech Cement Records a 6% Surge in Sales, Reaching 27.3 Million Tonnes in Q3 FY24

UltraTech, a leading cement manufacturer, reported a 6% surge in total sales, reaching 27.32 million tonnes in the third quarter ending December 31, 2023. The rise was particularly significant within India, with a 5% increase, totaling 26.06 million tonnes during the same period. Read SURFACES REPORTER (SR)’s complete report below:

The noteworthy sales growth indicates a consistent demand for cement, likely driven by ongoing construction projects. In the October-December 2023 period, the company produced 5% more grey cement (commonly used in construction) in India, reaching 25.44 million tonnes. Additionally, white cement production, a specialized type, increased by 14%, reaching 0.48 million tonnes.

Outside India, UltraTech made 20% more grey cement, totaling 1.38 million tonnes, in the same time frame. Ultratech Cement's robust sales performance not only highlights the company's operational efficiency but also mirrors the resilience of the construction and infrastructure segments.

The 6% increase in sales tells us that there's a consistent need for cement, making UltraTech an essential part of ongoing building and development projects. This development brings positive news to the cement industry. UltraTech, ranking as the world's third-largest cement producer outside of the Chinese market, is poised for continued success.

Image Credit: Business Standard

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