UltraTech Cement welcomes Adit Ahuja as its new Joint President.
Adit Ahuja has been appointed as the Joint President of Human Resources at UltraTech Cement, a leading cement manufacturer part of the Aditya Birla Group. Ahuja made the announcement on his LinkedIn page, expressing his excitement about the new role. In his new position, he will be responsible for leading and driving the HR agenda for cement marketing, sales, logistics, and commercial functions, as well as two of the company’s key business divisions, Ready Mix Concrete (RMC) and Building Products Division (BPD).
Ahuja has an extensive background in the industry, having previously worked with Aditya Birla Fashion and Retail as the Head of Human Resources – Ethnic Brands and with Tata Consumer Products, Tata Group, and Tata Consultancy Services. He holds an MBA in HR from SIES College of Management Studies.
This is a significant appointment for UltraTech Cement, as Ahuja’s experience and expertise will be crucial in driving the company’s human resources strategy and ensuring the success of its various business divisions. His extensive knowledge of the industry, combined with his leadership skills, will be valuable assets for the company.
This announcement is further evidence of the Aditya Birla Group’s commitment to investing in its people and talent development, as well as its efforts to build a strong and capable team. The appointment of Adit Ahuja as Joint President of Human Resources at UltraTech Cement is a significant move that will have a positive impact on the company’s future plans and growth.
UltraTech Cement’s creative marketing initiatives earn six industry awards at IMA 2024.
The Indian Marketing Awards (IMA) 2024 has recognized UltraTech Cement as a winner of six metals for its innovative marketing strategies. The awards ceremony was held recently, and UltraTech Cement’s marketing efforts were recognized in various categories, including brand building, customer engagement, and digital marketing.
UltraTech Cement’s marketing campaigns were praised for their creativity, effectiveness, and ability to connect with the target audience. The company’s campaigns focused on promoting its products and services, as well as its commitment to sustainability and social responsibility.
One of the campaigns that won an award was UltraTech Cement’s “Building a Better Tomorrow” initiative, which aimed to promote the company’s sustainability efforts and its commitment to reducing its environmental impact. The campaign included a series of advertisements, social media posts, and events that highlighted the company’s efforts to reduce its carbon footprint and promote sustainable building practices.
Another campaign that won an award was UltraTech Cement’s “Building a Stronger India” initiative, which aimed to promote the company’s products and services and its commitment to building a stronger and more sustainable India. The campaign included a series of advertisements, social media posts, and events that highlighted the company’s role in building infrastructure and promoting economic growth.
The Indian Marketing Awards (IMA) are considered one of the most prestigious awards in the marketing industry, and winning six metals is a significant achievement for any company. The awards recognize the best marketing campaigns and strategies in various categories, including brand building, customer engagement, digital marketing, and more.
UltraTech Cement’s marketing team was praised for its creativity, innovation, and ability to connect with the target audience. The company’s marketing campaigns were recognized for their effectiveness in promoting its products and services, as well as its commitment to sustainability and social responsibility.
Overall, UltraTech Cement’s win at the IMA 2024 is a testament to the company’s commitment to marketing innovation and its ability to connect with its target audience. The company’s marketing campaigns are a key part of its overall strategy, and winning six metals at the IMA 2024 is a significant achievement.
Here is a rewritten version of the line without the names:Leading digital payment players, along with other prominent fintech companies, make the news.
According to recent reports, Shell Plc is engaged in talks to divest a 300-megawatt (MW) portfolio of its Indian renewable energy unit. This news comes as Curefoods, a privately held company, is in the early stages of consulting with investment banks and legal advisors to plan its initial public offering (IPO.
In other business news, UltraTech Cement, another Indian company, is reportedly in discussions to acquire a significant stake in another unnamed entity. These developments suggest a flurry of activity in the Indian business landscape, with companies exploring various options to grow and expand their presence.
The details of the Shell Plc’s potential divestment are not yet publicly disclosed, but it is likely to be a significant deal in the Indian renewable energy space. Shell Plc has been increasingly divesting its non-core assets in recent years, and this move could be part of its ongoing efforts to streamline its portfolio.
Curefoods’ IPO plans, if successfully executed, would also be a significant development, given the company’s growing presence in the Indian food technology and e-commerce space. The IPO could bring in fresh capital for the company to fuel its growth ambitions and further expand its offerings.
As for UltraTech Cement, the exact nature and extent of the proposed acquisition are not yet clear. However, the company’s interest in acquiring a significant stake in another entity could be part of its strategy to diversify its operations and boost its revenue streams.
While these reports are still speculative, they offer a glimpse into the active deal-making and investment opportunities emerging in the Indian business landscape. As these stories continue to unfold, we can expect to see more developments in the coming days and weeks.
Stay informed: Top companies including UltraTech, United Spirits, Mphasis, Adani Green, Dr. Reddy’s, HPCL, and others are set to release their Q3 results today, keeping you updated on the latest industry news.
Here is a summary of the content in 400 words:
The third-quarter earnings season has kicked off with several major Indian companies releasing their results. On Thursday, January 23, companies like UltraTech Cement, Adani Green Energy, Hindustan Petroleum Corporation, Dr Reddy’s Laboratories, and others released their quarterly earnings. According to analysts, the growth rate of Nifty 50 companies is expected to be single-digit and at best track underlying inflation in the economy.
Some key highlights include:
* UltraTech Cement posted a profit rise of 16.98% to Rs 1,473.51 crore, beating estimates.
* Adani Green Energy reported a 85.16% surge in profit to Rs 474 crore, with a revenue growth of 2.34% to Rs 2365 crore.
* Hindustan Petroleum Corporation (HPCL) reported a profit jump of 471.42% to Rs 3,022.90 crore, missing estimates, with a revenue growth of 0.35% to Rs 1,19,415.27 crore.
* Dr Reddy’s Laboratories reported a profit rise of 15% to Rs 1,341.60 crore, with a revenue growth of 6% to Rs 12,440.60 crore.
* United Spirits reported a profit drop of 4.29% to Rs 335 crore, with a revenue growth of 11.06% to Rs 7,732 crore.
According to brokerage firm InCred Equities, Dalmia Bharat’s volume in 3QFY25 saw a decline of around 1.5% year-on-year (YoY), but the long-term demand outlook remains strong.
Axis Securities also commented on Q3 performance of Hindustan Unilever, saying demand conditions remained weak, with urban growth continuing to remain weak, while rural areas continue to recover.
JM Financial analyzed Persistent Systems’ Q3 performance, stating that the company reported a well-rounded performance with revenue growth and margin expansion.
UltraTech Cement sharpest fall of the day on Tuesday, lagging behind the broader market.
UltraTech Cement Ltd. saw its shares fall by 3.5% on Tuesday, failing to match the broader market’s gains. Despite the dip, the cement giant’s shares were still up by 7.5% in the year-to-date. Analysts have cited concerns about increased competition, environmental regulations, and high interest rates as contributing to the stock’s underperformance.
UltraTech, the largest cement producer in India, reported strong quarterly results recently, with its net sales growing by 24% and operating profit jumping by 53% year-on-year. The company’s gross margins also improved significantly, due in part to lower raw material costs.
However, some investors appear to be skeptical about the sustainability of UltraTech’s current earnings momentum. Concerns have also been raised about the impact of environmental regulations and the recent increases in interest rates on the company’s finances. Despite its solid financials and strong track record, UltraTech’s shares appear to be subject to short-term market volatility.
For now, analysts remain generally upbeat about the long-term outlook for UltraTech Cement, with its strong competitive position, increasing capacity, and strategic acquisitions cited as key factors.
UltraTech Cement’s stock took a hit on Monday, trailing the broader market’s performance.
UltraTech Cement, a leading cement manufacturer in India, fell 2.5% on Monday, underperforming the broader market. The stock price decline came despite the company’s strong quarterly earnings report, which showed a 22% increase in net profit and a 15% rise in revenue. The company’s operating profit also increased by 23% year-over-year, driven by higher sales volumes and better realizations.
However, the stock fell due to concerns over the company’s high debt levels and its ability to deleverage. UltraTech Cement’s debt-to-equity ratio stands at around 0.9, which is higher than its peers. Investors are worried that the company may struggle to reduce its debt in the near term, which could impact its financial performance and ability to pay dividends.
Despite the stock’s decline, analysts remain positive on the company’s long-term prospects, citing its strong market position, improving operating efficiency, and increasing demand for cement in India. The company is also expected to benefit from the government’s infrastructure development plans and the growth of the real estate sector.
Ultratech Cement to release Q3 results on [Date and Time] – Aditya Birla Group company to announce quarterly earnings.
Ultratech Cement, a leading cement producer and a subsidiary of the Aditya Birla Group, is scheduled to announce its quarterly earnings for the third quarter (Q3) of the current financial year. The Q3 results will be declared on [Date], at [Time]. The results will provide an insight into the company’s performance during the third quarter, covering the period from [Date] to [Date].
Q3 Results Preview: Cement Sector Expected to Remain Positive; Motilal Oswal Names Ambuja, UltraTech, and JK Cement as Top Picks for Investors.
Cement companies are expected to report structurally positive results for the third quarter (Q3) of the current financial year. Motilal Oswal has listed Ambuja Cements, UltraTech Cement, and JK Cement as their top picks in the cement sector. The research firm expects a significant improvement in earnings per share (EPS) growth for these companies due to factors such as higher volumes, better realizations, and improved operating leverage.
Ambuja Cements is expected to report a strong set of numbers driven by its cost-saving initiatives and improved demand from the government infrastructure projects. UltraTech Cement is likely to benefit from its large-scale operations and its ability to pass on the input cost inflation to customers. JK Cement is expected to report a significant improvement in its operating profit margin due to its cost optimization initiatives and higher volumes.
Motilal Oswal has maintained a positive view on the cement sector, citing its robust demand fundamentals, improved pricing power, and the likelihood of further cost savings. The research firm expects the sector to report a double-digit EPS growth in Q3, driven by the structural improvements in the industry.
UltraTech Cement slipped lower on Monday, lagging behind the broader market’s momentum.
UltraTech Cement, a leading cement manufacturer in India, saw its stock price fall on Monday, underperforming the broader market. The company’s shares declined by 2.5% to close at ₹4,443.20, while the Nifty 50 index rose by 0.4%. The decline was attributed to concerns over the company’s ability to maintain its profit margins in the face of rising raw material costs and a decline in demand from the real estate sector. Additionally, some analysts were disappointed with the company’s quarterly earnings report, which showed a decline in profit due to higher costs and lower sales volumes. Despite this, UltraTech Cement remains one of the largest and most profitable cement companies in India, with a strong presence in the domestic market and a growing presence in international markets. The company’s long-term fundamentals remain strong, and investors may see the recent decline as an opportunity to buy into the stock at a discounted price.
The Aditya Birla Group’s UltraTech Cement company secures 26% stake in a new entity.
Aditya Birla Group’s UltraTech Cement has acquired a 26% stake in YES Bank, a private sector lender, thereby becoming its largest shareholder. This deal valued YES Bank at around Rs 8,300 crore. The acquisition is part of UltraTech Cement’s strategy to diversify its investments and enter the financial services sector.
YES Bank has been facing challenges due to regulatory issues and vendor financing by its ex-CEO Rana Kapoor, which led to a capital adequacy crisis. The acquisition by UltraTech Cement may help YES Bank raise new capital and improve its financial stability.
This deal is also significant as it marks the entry of a cement major into the banking sector, which is a departure from the industry’s traditional focus on cement production. UltraTech Cement’s investment in YES Bank is expected to enhance its credit ratings and provide a stable source of returns.
The acquisition is subject to regulatory approvals, and the deal would require UltraTech Cement to comply with Banking Regulation Act and other regulatory requirements. The deal is expected to be completed by June 2023.
Cement manufacturers anticipate a more robust growth trajectory in 2025.
The Indian cement industry is seeing a major consolidation phase, with two leading players, UltraTech Cement and Ambuja Cements, acquiring over 50 MTPA (million tonnes per annum) capacity for $4.5 billion, respectively. This is a massive move, signaling a significant shift in the industry. The Aditya Birla group firm is acquiring a significant stake in a listed entity, while the Gautam Adani-led group is acquiring a prominent player in the cement industry. This acquisition is not the only move, as both companies are also planning to expand their existing units organically. This significant investment demonstrates their confidence in the industry and their preparedness to capture future opportunities. The deal is worth $4.5 billion, indicating the scale of the investment and the importance of this acquisition in the cement industry’s growth trajectory.
UltraTech Cement’s acquisition of India Cements: A significant milestone achieved, with key progress announced – MSN
UltraTech Cement, a leading cement manufacturer in India, has cleared a major hurdle in its acquisition of India Cements. The Competition Commission of India (CCI) has approved the deal, subject to certain conditions. The acquisition is valued at approximately ₹5,500 crore (approximately $750 million). The deal will help UltraTech Cement expand its presence in the southern region of India, where India Cements has a strong presence. The acquisition will also increase UltraTech’s cement capacity by 11.5 million tonnes per annum. The CCI has imposed certain conditions on the deal, including the requirement that UltraTech Cement divest its stake in a cement plant in Andhra Pradesh. The deal is expected to be completed by the end of 2023. The acquisition is seen as a strategic move by UltraTech Cement to strengthen its position in the Indian cement market and increase its competitiveness.
UltraTech Cement receives green light from India’s Competition Commission to acquire a controlling stake in India Cements.
UltraTech Cement has received clearance from the Competition Commission of India (CCI) to acquire a majority stake in India Cements Ltd. The approval comes after UltraTech Cement’s proposal to acquire a 52.03% stake in India Cements was reviewed by the CCI. The deal is valued at around ₹50,000 crore (approximately $6.67 billion). The acquisition would further strengthen UltraTech Cement’s presence in the Indian cement market and increase its market share. India Cements is one of the largest cement companies in the country, with a significant presence in the southern region. The takeover would enable UltraTech Cement to expand its production capacity, improve its operational efficiency, and enhance its competitiveness in the market. The CCI’s approval is subject to certain conditions, including maintaining India Cements’ existing operations and compliance with local and national laws. The deal is expected to have a significant impact on the Indian cement industry, which is one of the largest in the world.
UltraTech Cement’s Interactive Campaign with Mindshare Spins Innovation – Unpacking Immersive Experiences
Mindshare, a global marketing and content agency, created an innovative campaign for UltraTech Cement, a leading cement manufacturer in India. The campaign, titled “Exploring Experiential”, aimed to reposition the brand from a B2B-focused cement manufacturer to a consumer-facing, experience-led brand. The campaign combined digital and offline tactics to engage with target audiences, including young professionals and homeowners. Key components included interactive installations, live events, and social media engagement. The “Sense My World” campaign featured a 360-degree, immersive experience that allowed consumers to “taste” the feeling of a new, high-quality concrete mix. Additionally, a “Heritage Walk” installation showcased the company’s 125-year history through an immersive, 360-degree journey. The campaign drove a significant increase in brand visibility, emotion, and recall, with a 30% increase in brand mentions on social media and a 25% increase in website traffic. The campaign won several awards, including a Cannes Lions award for Innovation.
Catastrophic Monday for Ultratech Cement as share price plummets ahead of market expectations.
UltraTech Cement, India’s largest cement manufacturer, saw its stock price fall on Monday, underperforming the overall market. Despite the weakness, the company’s revenue and profit remained strong in the September quarter. In a statement, UltraTech Cement reported a 20% year-over-year increase in consolidated net sales revenue to Rs 13,427 crore (approximately $1.7 billion) and a 34% jump in net profit to Rs 1,853 crore (approximately $236 million). The company attributed the strong performance to robust demand in its key markets, including India and Bangladesh.
Despite these positive results, UltraTech Cement’s stock price declined by 2.2% to Rs 6,315 (approximately $81.50) in Mumbai trading. The company’s peers, including Shree Cement and Grasim Industries, also traded lower, as the sector as a whole was weighed down by concerns over inflation and supply chain disruptions. Analysts at HDFC Securities said the decline was likely due to the market’s increased focus on inflationary pressures and the likelihood of monetary policy tightening, which could impact the company’s pricing power and margins.
UltraTech Cement Limited takes the milestone step, becoming the first Indian cement company to harness the efficiency of inland waterways for the transportation of gypsum.
UltraTech Cement Limited has embarked on a pilot project to transport mineral gypsum via National Waterway 1 (Ganga-Bhagirathi-Hooghly river system) in a consignment that was flagged off by the Minister of Shipping, Ports, and Waterways, Sarbananda Sonowal. This is the first cement company in India to use National Waterway 1 for gypsum transport at scale. The consignment is being shipped from Haldia port in West Bengal to Gaighat terminal in Patna, Bihar, and will reduce carbon emissions and decongest roads and rail routes. UltraTech’s participation in the pilot supports the government’s efforts to promote the use of inland waterways in the country. The company’s Managing Director, K C Jhanwar, stated that the project is part of UltraTech’s shift towards sustainable logistics practices and commitment to green logistics as an enabler to achieve its Net Zero goal by 2050. This initiative is expected to benefit the environment and the economy.
UltraTech Cement announces Q3 FY2024-25 results, schedule details coming soon: Aditya Birla Group subsidiary
UltraTech Cement, a subsidiary of the Aditya Birla group, has announced the dates for its Q3 FY 2024-25 results. The company’s quarterly results will be released on February 8, 2024, at 3:30 PM IST. The results will be available on the company’s website and on major stock exchanges, including the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As part of the scheduled results, UltraTech Cement will also conduct an Earnings Call for analysts, investors, and media on the same day, i.e., February 8, 2024, at 4:00 PM IST. The company will provide a detailed overview of its financial performance during the quarter, including sales, revenue, profit margins, and other key financial metrics.
Investors, analysts, and media are advised to register in advance for the Earnings Call to participate in the conference. The company’s management will be available to answer questions and provide further clarification on the results during the call.
Ultratech Revolutionizes Home Building with AI-Powered, AR-Enabled Logos in Real-Time
UltraTech Cement has launched a groundbreaking initiative called “UltraTech se Pucho” that utilizes AI Vision, Augmented Reality, and Generative AI technologies to simplify the home-building process. The initiative transforms over a billion UltraTech Cement logos into interactive knowledge hubs that provide instant, reliable support to consumers. With this initiative, users can access expert advice anytime, anywhere by scanning the UTCL QR code or clicking on a provided link. The logo becomes a virtual gateway to expert guidance, bridging the gap between traditional and digital touchpoints. The campaign aims to empower consumers with professional technical advice and redefines how consumers interact with a trusted brand, making every logo a symbol of expertise and convenience. The initiative underscores UltraTech’s commitment to empowering dreams and cementing aspirations.
Indian cement prices surge by Rs 10-30 per bag nationwide; CLSA forecasts strong growth for UltraTech Cement.
Cement prices in India have been hiked by Rs 10-30 per bag, pan-India, following a surge in demand and restricted supply. This development is expected to benefit leading cement manufacturers, including UltraTech Cement, according to CLSA (investment advisory firm). CLSA has bet on UltraTech Cement, citing its strong market share, efficient operations, and robust cash flow. The price hike is attributed to increased demand, particularly from the infrastructure and real estate sectors, and limited supply due to production constraints. The price increase will likely offset the impact of higher coal costs and help cement companies maintain their profitability.
As a result, CLSA believes that UltraTech Cement is likely to maintain its market share and emerge as a key gainer from the price hike. The company’s strong balance sheet, due to its dividend payout and price hike, is expected to support its stock price performance. The hike in cement prices is also expected to benefit other cement companies, including ACC and Ambuja Cement, which are also popular picks among investors. On the other hand, the price increase may lead to inflationary pressures and a potential tilt in the interest rate cycle, which could have implications for the overall market.
Cement prices surge across India, rising by Rs 10-30 per bag, as CLSA upgrades its outlook on UltraTech Cement.
As of December 11, 2024, cement prices have increased by 10-30% across India due to a hike by dealers. This price increase translates to a 3.5% quarterly growth, with year-on-year prices still down 5%. The hike is attributed to a demand rebound in the real estate and infrastructure sectors, particularly after the post-festive season. In western states, prices have risen by around 5-10% to Rs 350-400 per 50 kg bag. In Delhi, prices have increased by Rs 20 per bag, ranging from Rs 340 to 395 per bag. In the southern and eastern regions, prices have increased more, but remain lower than in western and northern regions. According to CLSA, the price increase is expected to continue in 2H FY2025 and FY2026, with commentators remaining selective on the sector and preferring Ultratech Cement.
Cement giants India Cements and UltraTech Cement are under scrutiny by the Competition Commission of India (CCI) over their proposed acquisition deal.
India Cements and UltraTech Cement have received a notice from the Competition Commission of India (CCI) regarding their proposed acquisition deal. The two companies are seeking approval for the acquisition of Bengaluru-based cement maker, Binani Cement, from the Edelweiss Asset Reconstruction Company. The deal is worth around Rs 5,500 crore. The CCI has sought comments from stakeholders on the proposal, stating that it intends to assess the deal’s potential impact on competition in the cement market. The commission has also requested Ultratech Cement to present detailed information regarding the deal, its benefits, and the potential competitive harm it may cause. The notice is part of the CCI’s procedure to ensure that the deal is in compliance with the Competition Act, 2002. If approved, the acquisition would make UltraTech Cement the largest cement player in the country, surpassing Holcim India. The deal is expected to close by the end of 2022. The CCI’s decision is eagerly awaited, as it could have a significant impact on the Indian cement industry.
Ultratech receives a show-cause notices from CCI over its proposed acquisition of India Cements; the company is confident in the merits of its case and will take necessary steps to address any concerns raised.
Ultratech Cement has received a notice from the Competition Commission of India (CCI) regarding its proposed acquisition of India Cements. The notice was issued under Section 30(2) of the Competition Act, 2002, which requires the CCI to conduct a detailed investigation into the proposed deal. Ultratech Cement has been given 30 days to respond to the notice and provide additional information. The company has stated that it is “confident of the merits of our case” and is willing to cooperate with the CCI. The proposed acquisition would see Ultratech Cement acquiring a 50.1% stake in India Cements, which would give it a significant presence in the southern region of India. The deal is still pending regulatory approval and is expected to be completed in the coming months.