INDIACEM

What The India Cements promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 11 tracked 1 delivered 2 missed 8 open
  • India Cements Brand Transition Completion delivered said Q1 FY26 Promised: conclude the brand transition program before the end of fiscal '27 Q1 FY27: Management confirmed brand migration is 100% complete, reinforcing the achieved status.
  • UltraTech Net Debt/EBITDA missed said Q3 FY26 Promised: 0.8, 0.9x net debt EBITDA by the end of this fiscal year Q1 FY27: Data revealed the starting figure for FY27 (i.e., end of FY26) was 0.94x, missing the target range of 0.8-0.9x.
  • India Cements Non-core Asset Sales delayed said Q3 FY26 Promised: up to INR500 crores minimum Q1 FY27: Management addressed the topic, linking the disposal of non-core land assets to the overall integration completion timeline of Q4 FY28.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 11 tracked commitments for The India Cements — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens