Mumbai, July 20 -- UltraTech Cement Ltd weathered one of the sharpest fuel cost shocks in recent years to post a better-than-expected April-June quarter, beating analyst estimates on both revenue and profit.

Robust cement demand, double-digit volume growth, contributions from acquired businesses, and disciplined cost management helped India's largest cement maker offset higher fuel and freight costs.

The Aditya Birla Group company's consolidated net profit attributable to owners rose nearly 17% year-on-year (y-o-y) to Rs.2,599 crore in the April-June quarter, comfortably exceeding the Bloomberg consensus estimate of Rs.2,476 crore based on a poll of 23 analysts.

Likewise, revenue from operations rose 16% y-o-y to Rs.24,648 crore during...