UltraTech will surpass industry growth in FY25 despite demand moderation, says CFO

The country’s largest cement producer saw sales volume grow in double digits for the third year in a row, recording a 13% increase in FY24. UltraTech’s capacity utilisation was at 98% in the March quarter, but Daga said the company has sufficient capacity to keep growing. Capacity utilisation for the full year was at 85%, significantly higher than the industry average of around 71%.