The management commentary highlighted that UltraTech with volume growth of 6 per cent outpaced industry volume growth of 4 per cent Y-o-Y in Q4FY25. Grey cement capacity utilisation was at 89 per cent in Q4FY25 and 78 per cent in FY25. Kesoram had an operating profit of ₹399/tonne in Q4FY25, and the target is ₹1,000-plus by Q4FY26. India Cement had operating profit breakeven with its highest-ever monthly volume of 1 million tonne plus in March 2025.