New Delhi, Oct. 21 -- UltraTech Cement's September quarter (Q2FY27) result was largely decent, given the backdrop of elevated input costs and weak prices.

The company's grey cement volumes rose 13.8% year-on-year to 35.94 million tonnes, outpacing the industry's estimated 9% growth, indicating consistent market share gains for the company amid heightened competitive intensity. Capacity utilization rose to 71% from 66% last year. Demand was driven by infrastructure and housing projects across markets. UltraTech retained its FY27 guidance of 7-8% industry demand growth and its double-digit volume growth.

But input cost pressures have weighed. Q2's consolidated Ebitda per tonne fell 20% sequentially to Rs.974. Blended fuel costs climbed to...