Latest news with #AdityaBirlaGroup
Time of India
4 days ago
- Business
- Time of India
Consumption expected to pick up, public investment likely to remain key growth lever: K M Birla
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India's will remain the fastest growing major economy in 2025-26 on the back of sound microeconomic fundamentals and a robust financial sector, leading industrialist Kumar Mangalam Birla has emerged as an "outlier of stability and momentum" in a world adrift, the Aditya Birla Group 's chairman said in the latest annual report of the flagship firm UltraTech Cements."With projected GDP growth of 6.4-6.5 per cent, it retained its crown as the fastest-growing major economy. The final quarter surged to 7.4 per cent, powered by construction, manufacturing, and sustained government capital outlay," Birla said in his address to shareholders. The annual report was released on on the outlook for the external sector, though exposed to global turbulence, remains cautiously optimistic, he said, adding that the ongoing trade negotiations and regional partnerships offer a buffer against a volatile trade landscape."While global financial market volatility, geopolitical tensions, and trade fragmentation pose downside risks, India's sound macroeconomic fundamentals, robust financial sector, and commitment to sustainable growth position the economy to remain the fastest-growing major economy in 2025-26," he UltraTech Chairman said manufacturing momentum is expected to build in the country, helped by the government's production-linked incentive (PLI) the new National Manufacturing Mission and infrastructure remains a priority, buoyed by initiatives under Gati Shakti, higher allocations for affordable housing, and a renewed push under the Asset Monetisation the world economy, Birla said, "Looking ahead, global growth is expected to moderate to 2.8 per cent in 2025 before edging up to 3 per cent in 2026."In this, much of the drag is expected from advanced economies, with their collective growth projected to slow from 1.8 to 1.4 per cent, he Birla also said monetary easing and subsiding inflation offer some tailwinds, though vulnerabilities such as geopolitical conflict, high borrowing costs, and deteriorating trade dynamics still persist."Inflation is projected to fall further to 4.3 per cent in 2025 and 3.6 per cent in 2026, but service sector inflation remains sticky, and trade disruptions could yet spark fresh cost pressures," he new tariffs and retaliatory measures risk pulling global trade volumes into contractionary he said, "recent bilateral trade deals suggest that diplomacy is not entirely off the table, even as rhetoric hardens".USD 67-billion Aditya Birla group business is spread across 41 countries, and around 50 per cent of the revenue is from its global group has launched new platforms and rapidly scaled in segments such as paints, jewellery retail, and in B2B e-commerce."At the same time, we deepened leadership in our core sectors like cement, metals, fibre, chemicals, and financial services. Each move was consequential on its own," he said.
New Indian Express
6 days ago
- Business
- New Indian Express
Hindalco to invest Rs 200 crore in apparel units in Keonjhar, Sambalpur; 2,400 jobs to be created
BHUBANESWAR: Hindalco Industries Ltd has committed an investment of Rs 200 crore to set up apparel manufacturing units in Keonjhar and Sambalpur districts, in a significant move to boost employment and industrial development in the state. The Aditya Birla Group company signed two separate MoUs with the state government on Friday in the presence of Chief Minister Mohan Charan Majhi during Odisha TEX 2025. The MoUs were exchanged between principal secretary of Skill Development and Technical Education department BS Poonia and president (corporate affairs) of Hindalco Industries Ardhendu Mahapatra. According to the MoUs, Hindalco will establish apparel manufacturing units in the two districts with an investment of Rs 100 crore for each district, creating 2,400 direct employment opportunities. This would be the third and fourth textile unit of Hindalco in the state. While its Mancheswar unit is already operational, the company is setting up an apparel manufacturing unit at Kanshariguda near the Aditya alumina refinery in Rayagada district. It will employ 3,000 local women. 'This investment further strengthens Hindalco's footprint in Odisha. The company is committed to generating additional employment opportunities in the state in the near future through continued collaboration with the government,' the company said in a statement. Minister for Industries and Skill Development Sampad Chandra Swain, Minister for Handlooms and Textiles Pradeep Bal Samant and senior government officials were present.
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Business Standard
21-07-2025
- Business
- Business Standard
UltraTech Cement's profit jumps 49% as volumes, prices grow in Q1FY26
Aditya Birla Group's UltraTech Cement reported a 48.9 per cent year-on-year (YoY) growth in consolidated net profit (attributable to the owners of the parent) for the quarter ending June FY26, reaching ₹2,226 crore, driven by an overall sales volume growth of 9.7 per cent YoY to 36.83 million metric tonnes. The company's grey cement realisations also improved by 2.4 per cent YoY to ₹5,165 per metric tonne (mt), amid an all-India YoY cement price hike of 6 per cent during the quarter. The growth in the company's overall consolidated sales volume during the quarter was further boosted by its acquisitions of Kesoram Industries and India Cements. However, during the company's earnings call on Monday, Atul Daga, Chief Financial Officer of UltraTech Cement, remarked, 'We had gotten used to double-digit growth (in sales volume) just recently, year after year, quarter after quarter, and anything less seems to be slow.' Further, the profit marginally missed the Bloomberg analysts' poll estimate of ₹2,251.03 crore. The company's revenue from operations in Q1 FY26 grew by 13.1 per cent YoY to ₹21,275.45 crore, though it also missed analysts' estimates of ₹21,506 crore. 'We believe our results this quarter demonstrate our ability to adapt to the changing market scenario while delivering on our financial commitments,' Daga said. According to Elara Capital, average pan-India cement prices rose by 3 per cent quarter-on-quarter (QoQ) in Q1 FY26 to ₹377 per bag. The YoY price increase reflects a rebound from Q1 FY25 when prices had declined by about 4 per cent due to the demand being affected by the general elections. In Q1 FY26, prices softened in June 2025 with the onset of the monsoon. The company's total expenses for the quarter stood at ₹18,405.19 crore, up 7.97 per cent YoY. Energy costs for grey cement were lower by 12 per cent YoY to ₹871 per mt, mainly due to reduced fuel prices. The company's logistics cost during the quarter declined by 4 per cent YoY, while power costs dropped by 8 per cent YoY. In Q1 FY26, the company's operating EBITDA per tonne was ₹1,248, up 38.82 per cent YoY. The share of premium products in the company's sales stood at 33.8 per cent, compared to 24 per cent in Q1 FY25. Sequentially, the company's revenue declined by 7.75 per cent and profit by 10.31 per cent. UltraTech increased its grey cement capacity by 3.5 million tonnes per annum (mtpa) in Q1 FY26, bringing its total capacity to 192.26 mtpa. The company aims to grow its grey cement capacity to 197.5 mtpa by the end of FY26. The company spent approximately ₹2,000 crore in capital expenditure during Q1 FY26. The company's consolidated net debt stood at ₹16,340 crore as of June 2025. UltraTech is targeting a double-digit volume growth going forward, driven by new capacity additions, mega infrastructure projects, healthy rural demand, and urban housing activity. 'We will grow higher than the industry,' Daga added. The company's share, listed on the Bombay Stock Exchange, closed at ₹12,574.35 on Monday (July 21).
Economic Times
21-07-2025
- Business
- Economic Times
UltraTech Cement to expand capacity by 29 MTPA by FY27, targets 82-location footprint across India
UltraTech Cement plans to add 29 million tonnes per annum (MTPA) of grey cement capacity across India over the next two years, expanding its total domestic capacity to 212.2 MTPA by the end of FY27. According to the company's investor presentation on Monday, the expansion will be executed through a mix of greenfield and brownfield projects spread across five zones, North, Central, East, West, and FY26 alone, UltraTech aims to commission 14.1 MTPA of new cement capacity. Key projects include a 3.3 MTPA grinding unit at Visakhapatnam (Andhra Pradesh), 2.5 MTPA at Patratu (Jharkhand), and 1.8 MTPA each at Shahjahanpur (Uttar Pradesh) and Maihar (Madhya Pradesh). These additions exclude planned bulk terminals. Also Read: UltraTech Cement Q1 Results: Cons PAT surges 49% YoY to Rs 2,226 crore, revenue jumps 13% The expansion will continue into FY27 with another 14.7 MTPA scheduled to come online. New capacities are planned in Aligarh (Uttar Pradesh), Bihar, West Bengal, and Andhra Pradesh, among others. Once complete, the company's manufacturing footprint will span 82 locations across the the South region will account for the largest capacity by FY27 at 59.2 MTPA, followed by the East at 42.4 MTPA and North at 42.0 MTPA. The company's overseas capacity will remain unchanged at 5.4 MTPA, taking UltraTech's global capacity to 217.6 company is executing the expansion through a combination of integrated units, grinding units, and debottlenecking at existing plants. UltraTech said the planned capex will also improve operating efficiency, with benefits expected to start reflecting from Q4FY27. The expansion is aimed at capturing future cement demand, which UltraTech expects to grow 7–8% in FY26, supported by infrastructure activity, rural housing, and a favourable interest rate cycle. UltraTech Cement reported a 49% year-on-year (YoY) jump in its consolidated net profit for the June quarter at Rs 2,226 crore, compared to Rs 1,495 crore in the year-ago period. The profit is attributable to the owners of the company. The Aditya Birla Group company's revenue stood at Rs 21,275 crore, up 13% from Rs 18,818 crore in the corresponding quarter of the previous financial year.
Economic Times
21-07-2025
- Business
- Economic Times
UltraTech Cement Q1 Results: Cons PAT surges 49% YoY to Rs 2,226 crore, revenue jumps 13%
UltraTech Cement on Monday reported a 49% year-on-year (YoY) jump in its consolidated net profit for the June quarter at Rs 2,226 crore, compared to Rs 1,495 crore in the year-ago period. The profit is attributable to the owners of the company. ADVERTISEMENT The Aditya Birla Group company's revenue stood at Rs 21,275 crore, up 13% from Rs 18,818 crore in the corresponding quarter of the previous financial year. The company's profit after tax (PAT) declined 10% sequentially from Rs 2,482 crore reported in Q4FY25. Revenue (topline) also fell 8% quarter-on-quarter (QoQ) to Rs 21,275 crore, compared to Rs 23,063 crore in the January–March quarter of FY25. UltraTech recorded a consolidated volume growth of 9.7% YoY, including contributions from India Cements. ADVERTISEMENT More to come... (You can now subscribe to our ETMarkets WhatsApp channel)
