UltraTech, India's top cement maker by capacity, signalled better core profit in upcoming quarters as the market absorbed price hikes and demand picked up, after it reported an earnings beat on Thursday on strong volumes.

Despite the decline in profit, the quarter 3 results exceeded Street expectations, with net profit surpassing the estimated Rs 1,195 crore. Revenue also beat forecasts, which had predicted Rs 16,854 crore.

UltraTech Cement, India's biggest cement maker by capacity, reported better-than-expected third-quarter earnings, as strong volume growth outweighed a hit from weaker prices of the construction material.

Ultratech Cement is expected to report a YoY decline in its profitability in the December quarter, owing to lower realization and higher depreciation. Volume is estimated to grow YoY basis as demand improves and gain in market share.

Brokerages praise UltraTech Cement's Q3 performance, foreseeing market share gains and future growth despite profit decline and risks.

Following Q3 earnings, UltraTech Cement remains top cement pick of several brokerages. They remain bullish on the stock given the firm’s strong cash flow generation and good leverage position. Check t

UltraTech Cement reported a 16.5% year-on-year decline in Q3FY25 profit, with a standalone profit after tax of ₹1,434 crore, compared to ₹1,718 crore in the same quarter last year.