UltraTech Cement recently reported its earnings for the second quarter of the current financial year. The cement major delivered strong Q2FY27 earnings even as its latest shareholding data showed FIIs reducing their exposure, while domestic institutional investors raised their bets. Overall, Mutual Funds (MFs) have increased their holdings to 16.40 per cent in the September 2026 quarter from 15.98 per cent in the June 2026 quarter. The number of MF schemes decreased from 156 to 155 during the same time frame.
DII fund flows change (MoM)Total in Sep 2026Change in Sep 2026Total in Aug 202630,776,541-416,83431,180,004ICICI Prudential Large & Mid Cap Fund Growth highest buyer
In September 2026, ICICI Prudential Large & Mid Cap Fund Growth raised its stake in the cement major by 22.52 per cent month-on-month to 933,155 shares, up from 761,645 shares held in August 2026. It was the highest buyer of 171,510 shares in September 2026, constituting a 0.06% stake in the company. The fund’s stake in the company is worth Rs 1,022.36 crore, which is 3.23 per cent of the scheme’s total Assets under Management (AUM). ICICI Prudential Large & Mid Cap Fund Growth is the fifth-largest MF holder of the company.
On the other hand, Aditya Birla Sun Life Large Cap Fund Growth was the highest seller of 344,894 shares in September 2026, constituting 0.12 per cent of the company.
A total of 133 MFs bought and 128 MFs sold the shares of UltraTech Cement in September 2026.
Robust long-term growth visibility, ongoing cost-efficiency measures, and strategic growth initiatives are the fundamentals driving DIIs into the company. While the overall industry outlook remains favourable, the recent increase in crude prices is likely to raise production costs. In this context, a sustained increase in cement prices will be critical to safeguard profitability.
“We pencil in higher growth driven by market share gains and efficiency improvements, as industry consolidation continues to benefit larger players,” said Axis Securities in a research note.
FIIs selling since June 2024
The FIIs have decreased their holdings in UltraTech Cement to 12.20 per cent from 12.36 per cent in the September 2026 quarter. Also, the number of FII investors decreased to 1,126 from 1,148 in the second quarter of FY27. The selling pattern among the FIIs can be seen from June 2024. At that time, FIIs held 18.20 per cent, which they brought down quarter-on-quarter to 12.20 per cent.
Also, promoters’ holding in the stock declined marginally to 58.48 per cent from 59.33 per cent in the quarter ending 30 September 2026.
UltraTech Cement Q2FY27 results
The company reported a surge of 21.3 percent year-on-year in its consolidated net profit to Rs 1,493.8 crore for Q2FY27. The growth was aided by strong cement sales volumes and higher revenue.
The firm’s consolidated revenue from operations came in at Rs 23,295 crore, which is an increase of 18.8 per cent year-on-year in Q2FY27, compared with Rs 19,609 crore in the same quarter a year back.
UltraTech Cement share price performance
UltraTech Cement shares have remained largely flat over the past five trading sessions. The stock has fallen 0.82 per cent in the last one month. It has erased 11.4 per cent of investors’ wealth over the previous 12 months.