Ultratech Cement: Capacity addition, cost initiatives to help UltraTech retain its edge

Ultratech Cement: Capacity addition, cost initiatives to help UltraTech retain its edge

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Synopsis

UltraTech Cement outperformed in Q1 2024 despite challenges. Cost reduction plans, capacity expansion, and strong financials position it well for future growth. The stock’s appeal to investors is supported by diverse strengths.

ET Intelligence Group: UltraTech Cement reported a better-than-expected performance for the March 2024 quarter notwithstanding the demand weakness and sluggish cement prices during the period. The country’s largest cement manufacturer has chalked out plans to add capacity while retaining its edge as a low-cost producer by improving process efficiency. That places the company in a sweet spot amid expectations of a demand revival in the second

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ET Bureau

3 mins read, Last Updated:

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