UltraTech Cement is expecting a subdued performance in the wake of weak real estate and overall slowdown in the economy coupled with the impact of the coronavirus pandemic. The nationwide lockdown, amid the coronavirus outbreak, will have a significant near-term impact on the cement industry, however, the Aditya Birla Group firm is confident of its ability to weather the storm and come out stronger given its healthy credit profile.
UltraTech Cement is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India.
