UltraTech Cement Share Price in Focus; Company to Commence Wires and Cables Business from Q3

UltraTech Cement outlined its entry into the wires and cables segment, signalling diversification beyond its core cement business. 

Diversification Into Wires and Cables 

During its earnings call, the company confirmed that it is progressing towards launching its wires and cables business, with operations expected to begin from Q3.  

The move marks UltraTech’s expansion into the broader building materials ecosystem. 

Capex And Investment Strategy 

Management indicated that the company has already incurred around ₹800 crore of capital expenditure related to this segment. 

On future investments, Chief Financial Officer Atul Daga stated that the company does not intend to deploy excessive capital in this segment, saying, “I don’t have to spend so much money.”  

Operational Positioning and Cost Strategy 

The company highlighted potential advantages in sourcing and scale, supported by a wide supplier base.  

Management also indicated that long-term contracts for key inputs are being explored to manage cost volatility, particularly in areas such as fuel and raw materials. 

Broader Capex and Growth Outlook 

UltraTech reiterated its broader expansion plans, with total capital expenditure of around ₹10,000 crore annually for its core cement business.  

The company is also targeting capacity expansion beyond 240 million tonnes while maintaining strong cash flows. 

Management emphasised that operational cash generation remains robust enough to fund growth while continuing shareholder returns. 

UltraTech Cement Share Price Performance 

As of 28 April 2026, at 9:40 AM UltraTech Cement share price is trading at ₹11,896 per share, reflecting a decline of 0.95% from the previous closing price. 

Read More: UltraTech Cement Share Price in Focus on Q4 FY26 Earnings Results: Net Profit up 73.5% QoQ! 

Conclusion 

UltraTech’s entry into the wires and cables segment reflects a strategic expansion into adjacent building material categories, with a measured investment approach and strong cash flow backing. 

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