Rising cost of ‘packaging bags’ a big challenge for UltraTech Cement: Official

New Delhi: Increase in prices of plastic ‘packaging bags’ along with increase in fuel and freight expenses amid the West Asia conflict has emerged as a major challenge for cement manufacturer UltraTech. However, this Aditya Birla Group company has set a target of double-digit volume growth in 2026-27.
Company management reported in its recent earnings statement that ‘bag’ costs had increased due to instability related to the Middle East conflict. At the same time, the effect of exchange loss due to fall in rupee in March also came as additional pressure.