Turnaround Story

Aditya Birla Group’s flagship company UltraTech Cement has scripted a turnaround story after acquiring India Cements a few years back.

Listen to this article

“When we acquired India Cements, we told you it was a turnaround waiting to be unlocked. Sound assets in strong markets, held back only by years of underinvestment and subscale operating discipline,” Atul Daga, Chief Financial Officer, UltraTech told analysts in an earnings call.  One year in, India Cements’ EBITDA per tonne has climbed from roughly Rs 386 per tonne in Q2 FY26 to Rs 603 in Q1 FY27. “EBITDA of Rs 1000 per tonne for India Cements remains very much in sight,” said Daga. Currently capex programme is under way and non-core assets in terms of land are to be disposed of by Q4 FY28 or earlier. Daga pointed out that there were certain operating parameters that need to be brought under control or in line with UltraTech’s stand-alone performance

Latest

Newer Avenues

LMW, which is one among the top three in...

Rs 500 Crore Revenue By FY31…

What’s the reason behind specialising in premium woven bottom...

Unlocking Value

Over the years, the group has made sustained investments...

Losing Sleep

 The other one lies in tackling the impact from...

Newsletter

Don't miss

It Makes Economic Sense

With no better choice, I booked Uber. A few...

Newer Avenues

LMW, which is one among the top three in...

Rs 500 Crore Revenue By FY31…

What’s the reason behind specialising in premium woven bottom...

Unlocking Value

Over the years, the group has made sustained investments...

Losing Sleep

 The other one lies in tackling the impact from...

It Makes Economic Sense

With no better choice, I booked Uber. A few minutes later, as I sat in the cab watching the rain, a thought occurred to...

Newer Avenues

LMW, which is one among the top three in the world to produce the entire range of spinning machinery, has sought to amend the...

Rs 500 Crore Revenue By FY31…

What’s the reason behind specialising in premium woven bottom wear? Meenakshi India started in 1985 and until 2005, woven bottoms wear had some restrictions in...