UltraTech Cement Ltd Q3 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Sir, my first question is, when we look at our volume growth for the quarter as compared to the industry growth, I don't know what it is. Sir, how

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Sir, can you help what was the industry growth number? Basically, broad number should be helpful.

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Okay. But if I have to put it the other way around, have we lost market share in any of the regions given the decline that we have seen? Or is it that the industry growth rate would have been -- industry degrowth would have been higher than what we have reported? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 24, 2020 / 11:30AM, ULTC.NS - Q3 2020 UltraTech Cement Ltd Earnings Call

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : And this would be across regions, right?

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Okay. That's helpful. Sir, secondly, just to continue with the prior question, you indicated that we have adequate clinker. Now this is despite JP Super, there being a delay over here and Phase I getting commissioned for Bara. And Century also had 1 million ton deficit to my memory. Sir, when you say we don't have a deficit, is it you're adjusting for the OPC, PPC, PSC mix and...

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Okay. So sir, how should we look at the OPC, PSC, PPC and composite cement mix for us, say, FY '20 and FY '21, just to have a better understanding of...

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : FY'21. That's helpful. Sir, last 2 questions. Sir, on wall putty, what we understand is we have lost market share not giving discounts on smaller kg bags, 1 kg and 5 kg, and the peer set has benefited. And sir, this has been going for the last 6 months or so. Sir, any thoughts over here? One is, if REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 24, 2020 / 11:30AM, ULTC.NS - Q3 2020 UltraTech Cement Ltd Earnings Call you can give us some numbers over here on the top line and EBITDA that would be useful. And are we fine with this market strategy of losing the market share?

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Sir, I was referring to wall putty. So I think...

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Okay. And sir, last question, incentives on the Eastern expansion that you indicated in the 3 phases, 1 greenfield, 2 brownfield. So have the incentives been firmed up, because what we hear is the states are going slow on doling out incentives? Sir, please correct me if I'm wrong.

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Okay. But sir, nothing firmed up?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : Two questions. One, what was the average lead distance in the quarter and 9 months, if you are sharing the approximate numbers?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : Around 400?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : This would be after including Century, Binani, everything.

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : Right. And sir, what would have been the white cement wall putty and the RMC EBITDA in this quarter? I missed that number if you shared.

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : Combined number you have for the quarter?