UltraTech Cement reports 21.3% profit rise, announces board changes

• UltraTech Cement's Q2 net profit rose 21.3% to ₹1,501 crore.
• Domestic grey cement sales volumes increased by 13.8% to 35.94 million tonnes.
• Capacity utilization jumped to 71% from 66% over the same period last year.
• Managing Director Kailash Chandra Jhanwar will become non-executive vice chairman from January 1, 2027.
• KK Maheshwari will step down as non-executive vice chairman effective January 1.