UltraTech Cement Q4 FY26 results on Apr 27: key cues

Board meeting: results and dividend on the agenda

UltraTech Cement Limited, the Aditya Birla Group’s flagship and India’s largest cement maker, is set to announce its Q4 and full-year FY26 audited financial results on April 27, 2026. In a stock exchange filing, the company said its Board of Directors will meet on Monday, April 27, 2026, to consider and approve standalone and consolidated audited financial results for the year ended March 31, 2026. The board will also consider recommending a dividend, if any, on the company’s equity shares for the same period.

The combination of full-year numbers and a potential dividend recommendation makes the meeting a key event for investors tracking sector demand, operating costs, and margin direction. Cement companies typically see seasonally stronger operating trends in the January to March quarter, and the market often uses the March-quarter print to assess the next year’s demand and pricing environment.

Stock check: price, market cap, and recent move

Ahead of the scheduled board meeting, UltraTech Cement shares were trading flat at ₹12,112.20 in the current session, compared with the previous close of ₹12,010.50. The company’s market capitalisation was reported at ₹3.56 lakh crore. The stock has gained 10% over the last month, according to the data cited.

While the price action has been steady in the session, the one-month rise indicates that the market has already built expectations around a seasonally stronger quarter and a dividend decision. Investors will likely watch whether the results and management commentary align with brokerage estimates on volumes and per-tonne profitability.

What UltraTech told exchanges

The company’s filing outlines two clear items. First, approval of standalone and consolidated audited financial results for the year ended March 31, 2026. Second, recommendation of a dividend, if any, on equity shares for the same year. The filing does not provide the financial figures in advance, but confirms that the outcome will include audited numbers, not provisional results.

For investors, an audited full-year release can also bring clarity on year-end adjustments and consolidation effects. Dividend decisions are also closely watched in large-cap cement, where payouts can signal cash generation and balance sheet comfort.

Q4 expectations: what brokerages are modelling

Brokerage expectations in the report focus on volume growth, operating cost trends, and EBITDA per tonne. Nuvama Research expects consolidated volumes to rise about 12% year-on-year. It also expects blended EBITDA per tonne to fall about 2.4% year-on-year to ₹1,099.

Nomura Research expects operating cost per tonne to increase 2% year-on-year, citing higher raw material and power and fuel costs. Nomura expects volumes to rise 10% year-on-year and models EBITDA per tonne improving by ₹85 quarter-on-quarter to ₹1,085.

PL Capital expects consolidated volumes to rise about 9% year-on-year to about 45.3 MT, attributing the change to seasonal strength and higher market share. It expects blended realisation to fall 1% quarter-on-quarter. PL Capital models consolidated EBITDA per tonne rising by ₹81 quarter-on-quarter to ₹1,088, while falling by ₹24 year-on-year.

Snapshot table: key event details available so far

Brokerage estimates table: volumes, costs, and EBITDA per tonne

Recent reference point: Q3 FY26 performance

UltraTech Cement reported a 32% year-on-year rise in consolidated net profit to ₹1,792 crore in Q3, excluding exceptional items. Revenue from operations increased 22.5% year-on-year to ₹21,506 crore, compared with ₹17,555 crore in the corresponding quarter of the previous year. EBITDA for the quarter was ₹4,051 crore, a 29% rise versus ₹3,142 crore a year earlier.

These Q3 numbers are an important reference point because they show strong year-on-year growth in both revenue and operating profit. With Q4 typically stronger for cement dispatches, investors will compare Q4 outcomes against both Q3 momentum and the brokerage assumptions on per-tonne profitability.

FY25 backdrop: Q4 revenue, profit, and dividend history

As context, the report also cites UltraTech’s Q4 FY25 performance, where consolidated revenue was reported at ₹23,063 crore, up 13% year-on-year. Net profit for Q4 FY25 was reported at ₹2,482 crore, up 10% year-on-year. The company declared a dividend of ₹77.50 per share for FY25 in the cited data.

The report also notes that net profit in Q4 FY25 surged 83% sequentially compared to Q3 FY25. It additionally cites that shares of UltraTech Cement closed at ₹12,132 on the BSE ahead of the FY25 results announcement.

Market impact: what investors will likely track on Apr 27

The immediate market focus on April 27 will be whether audited FY26 numbers validate the demand and margin trajectory implied by the volume and EBITDA-per-tonne estimates cited. Cost trends, especially power and fuel and raw material costs, are central to how the market interprets EBITDA per tonne movement. Investors will also watch for the dividend recommendation, as UltraTech’s FY25 dividend of ₹77.50 per share is part of recent payout context.

The stock’s flat trade in the session at ₹12,112.20 versus the previous close of ₹12,010.50, along with a 10% one-month rise, suggests positioning into the event. Any divergence between reported metrics and the ranges implied by brokerage notes can influence near-term price moves.

Conclusion: what happens next

UltraTech Cement’s April 27, 2026 board meeting is expected to deliver the audited FY26 standalone and consolidated results and a decision on a dividend recommendation. Alongside the results, investors will align management’s numbers with the volume growth and EBITDA-per-tonne expectations outlined by Nuvama, Nomura and PL Capital. The next confirmed step is the company’s formal disclosure to exchanges after the board meeting concludes.