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UltraTech Cement has launched its wires and cables business under the brand ‘Ultravolt’.

ICICIdirect Research 04 Sep 2026 DISCLAIMER

News: UltraTech Cement has launched its wires and cables business under the brand ‘Ultravolt’. The company plans a pan-India rollout across 500+ districts and 6,000 pin codes, reaching over 1 lakh retailers and 5,000 outlets, supported by a manufacturing facility in Gujarat, while also expanding its portfolio of wires, cables and eventually electrical accessories.

View: This development was largely expected as the company recently commissioned its first phase of capacity of 10.98 Lakh KM. Company targets to tap significant market share in Cables and wires industry, considering the industry is growing at 12-13% CAGR. With the total planned capex of Rs 1800 crores (already incurred ~Rs 900 crore as of Q1FY27), company is setting up total capacity of 35-40 lakh KM, which will be commissioned in phases. We believe that, considering high Asset turns in this industry of ~5-7x, company has potential of reaching revenue of ~Rs 9000 crores on full scale-up with EBITDA margins of 10-12%

Impact: Positive

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