Price hikes taken during the quarter have been accepted and adequately offset near term cost inflation Industry demand remains healthy, growing at ~6-7% We remain positive on UltraTech Cement (UTCEM) amid adverse macro conditions as a) we believe price hike undertaken by cement industry is largely offsetting the cost inflation for the near term, b) incremental cost inflation would necessitate marginal price hike which would be taken in Q2FY27E, c) recent change in stance by peers is going to benefit UTCEM as it continues to march ahead with systematic capacity...