#MarketUpdate UltraTech Cement set for sustainable growth
UltraTech Cement (UTCEM) has expanded its southern footprint through both organic and inorganic growth.
Its capacity CAGR of ~12% over FY16-25 outpaced peers and the industry. We estimate the company’s capacity CAGR at ~6% over FY25-28 and volume CAGR at ~12%.
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Posted On: 10 Sep 2025 3:17 PM