UltraTech Cement Q4 FY26: Profit up 20%, sales ₹25,799 Cr

Result update: Q4 FY26 earnings in focus

UltraTech Cement reported a 20% year-on-year rise in net profit to ₹2,983 crore for the quarter ended March 31, 2026. The Aditya Birla Group company had posted ₹2,482 crore in net profit in the year-ago period. Revenue from operations grew 12% to ₹25,799 crore in Q4 FY26 versus ₹23,063 crore in Q4 FY25. The update comes alongside broader disclosures that point to a record year for the company, including new highs in profitability and operating cash flows. For investors, the Q4 numbers help confirm how UltraTech exited FY26 after a volatile cost environment seen earlier in the cycle. The company’s board actions on dividends also remain a key watch item given the scale of cash generation.

Q4 FY26: profit growth outpaces revenue

The Q4 FY26 print shows profit expanding faster than revenue, with net profit up 20% against a 12% rise in revenue from operations. The Q4 comparison base in the article includes Q4 FY25 revenue of ₹23,063 crore and net profit of ₹2,482 crore. The widening gap between revenue growth and profit growth suggests improved cost control or operating leverage in the quarter, although the article does not provide a detailed cost breakdown for Q4 FY26. What is clear is that the quarter capped a year in which UltraTech also highlighted operational efficiency as a key theme. In Q4 FY26, sales volumes were reported to have surged 9.3%, supporting the revenue line. The company also emphasized sustainability-linked execution, with green power usage rising to 43% of total consumption.

FY26 milestone: record PAT and net sales

For the year ended March 31, 2026, UltraTech Cement reported a historic performance, with profit after tax of ₹8,305 crore. The company also reported consolidated net sales of ₹87,384 crore in FY26, representing 17% year-on-year growth. UltraTech said this was the first time consolidated PAT crossed the ₹8,000 crore mark. The article attributes the FY26 outcome to strong demand across housing and infrastructure segments, alongside disciplined cost management. UltraTech also pointed to strong cash flow growth through the year, which supported shareholder returns. Operating cash flows were reported at a record ₹14,398 crore, up 50% year-on-year.

Dividend signals: FY25 payout and FY26 special dividend

The board recommended a dividend of ₹77.50 per share for FY25, as per the Q4 FY25 disclosures included in the article. Separately, for FY26 the board recommended a special dividend of ₹240 per equity share, citing the successful culmination of a decade-long capacity-building strategy and stronger cash flows. The dividend references in the article span two different periods, so investors typically track the underlying financial year and the board recommendation linked to it. The FY26 special dividend is positioned as a signal of confidence while maintaining stability for future capital expenditure commitments. The article does not specify record dates or payment timelines for these dividends. It also does not provide a combined dividend figure for FY26 beyond the special dividend recommendation.

Capacity and sustainability: 200 MTPA crossed

UltraTech reported that it surpassed the 200 MTPA capacity milestone during FY26, taking total global capacity to 205.5 MTPA. That expansion context is relevant because capacity additions can influence volume growth, market share and fixed-cost absorption. The sustainability push was highlighted through green power usage reaching 43% of total consumption. UltraTech linked this shift to insulation from energy price volatility. While the article does not quantify cost savings, the operational disclosures align with the company’s broader focus on efficiency. In Q4 FY26, operational efficiency was explicitly flagged as a key highlight alongside the 9.3% sales volume increase.

Snapshot table: key numbers referenced in the update

Market moves cited: FY25 and Q3 FY26 trading reactions

The article includes market references from earlier result cycles that show how the stock reacted around earnings updates. Ahead of the FY25 results announcement, UltraTech Cement shares were cited as closing at ₹12,132 on the BSE. Despite reporting a year-on-year increase in net profit to ₹2,482 crore in Q4 FY25, the share price was reported to have declined by nearly 2% on April 29, 2025. On that day, the stock opened at ₹12,200.05, hit an intraday low of ₹11,923.75, and closed at ₹12,114.00, a 1.01% drop from the previous close.

The article also references Q3 FY26, when UltraTech reported net profit of ₹1,725.40 crore and revenue from operations of ₹21,829.68 crore. Following those results, the stock rose 3.72% to an intraday high of ₹12,829.40 on the BSE. At 10:27 am in that context, it was reported to be trading at ₹12,723.80, up 2.87% from the previous close. These instances underline that near-term price reactions do not always mirror headline profit growth, particularly when expectations and valuations are already elevated.

Q4 FY25 context in the article: growth and sequential jump

The article provides detailed Q4 FY25 context, including sequential performance pointers. For Q4 FY25, consolidated revenue was reported at ₹23,063 crore, with a 13% year-on-year rise. Net profit in Q4 FY25 was reported at ₹2,482 crore, up 10% year-on-year. Sequentially, Q4 FY25 net profit was reported to have surged 83% from ₹1,359 crore in Q3 FY25. Revenue in Q4 FY25 was also stated to have jumped 30% sequentially compared with ₹17,779 crore in Q3 FY25. The board’s dividend recommendation of ₹77.50 per share for FY25 was linked to confidence in the company’s financial position.

Why this FY26 print matters for cement investors

The FY26 disclosures combine several signals that matter for the cement sector: higher net sales, record profitability, strong operating cash flows, and an elevated dividend recommendation. The Q4 FY26 profit growth of 20% on 12% revenue growth indicates a stronger finish to the year on earnings quality, even though the article does not detail the cost drivers for the quarter. The capacity milestone of 205.5 MTPA provides scale benefits and a platform for future volume growth, but it also typically implies ongoing capex and integration work. The green power share of 43% is positioned as a hedge against energy price volatility, a key variable for cement margins. Meanwhile, the special dividend of ₹240 per share is directly tied to cash flow strength, with operating cash flows reported at ₹14,398 crore.

Conclusion: a strong exit quarter and a record full year

UltraTech Cement’s Q4 FY26 results show net profit rising to ₹2,983 crore and revenue from operations increasing to ₹25,799 crore, compared with Q4 FY25 levels of ₹2,482 crore and ₹23,063 crore. For FY26, the company reported PAT of ₹8,305 crore and net sales of ₹87,384 crore, alongside a special dividend recommendation of ₹240 per share. Operational updates such as 205.5 MTPA capacity and 43% green power usage add context to how the company is positioning scale and efficiency. The next set of formal signals for investors will typically come through detailed financial statements, dividend process disclosures, and management commentary linked to the FY26 close.