UltraTech, India's top cement maker by capacity, signalled better core profit in upcoming quarters as the market absorbed price hikes and demand picked up, after it reported an earnings beat on Thursday on strong volumes.

UltraTech beat Bloomberg analysts' poll estimates of a net income of Rs 1,323 crore and revenue of Rs 17,129 crore

UltraTech reported a 13 per cent YoY increase in sales volumes in rural areas, reflecting strong economic conditions in rural markets, supported by higher minimum support prices for crops

UltraTech Cement, India's biggest cement maker by capacity, reported third-quarter earnings above estimates on Thursday on the back of strong volume growth, sending its shares soaring 7% in afternoon trade.

UltraTech Cement reported a 16.5% year-on-year decline in Q3FY25 profit, with a standalone profit after tax of ₹1,434 crore, compared to ₹1,718 crore in the same quarter last year.