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Earnings Call

Shree Cements Earnings Call: Key Takeaways

Shree Cement delivered strong volume growth but faces significant cost headwinds from fuel and packaging inflation. Management is pivoting from a price-first strategy to a volume-driven market share grab.

Why this was an Alfa AlertNot a filter event. Results were in line with prior guidance of 2-3% growth.
Highlights
Revenue growthTotal volume grew 9.4% YoY; domestic cement volume up 11%.
MarginsEBITDA per ton at ₹1125; costs rising ₹150-200/ton in Q1.
Demand visibilityPositive 7-8% sector growth expected, backed by government infrastructure spending.
Management confidenceAssertive; confident in volume growth despite significant margin pressure from costs.

Growth

Cement volume grew 11% YoY in Q4; FY26 revenue realizations up 3.6% following strategic pricing adjustments.

Outlook

Targeting 80 million tons capacity by 2029; ₹1500cr capex planned for FY27; 40 million tons volume target.

Risks

Fuel costs projected to rise 10-12% in Q1; packaging costs up ₹100/ton; Middle East geopolitical instability.

Source

Earnings Call filed with NSE, NSE: SHREECEM. Summary written with AI assistance from the document.

Read the document ↗

Shree Cements Ltd: key numbers

Share price
₹22,520.00
Market cap
₹81,254 Cr
Revenue (annual)
₹20,943 Cr
Net profit (annual)
₹1,744 Cr
P/E (TTM)
49.9×Sector 33.0×
Promoter holding
62.55%+0.00% QoQ
FII holding
8.21%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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13:13 IST BSE
Board Meeting Date

Shree Cements Board Meeting Date

Shree Cement has scheduled its Board Meeting for 23 October 2026 to approve un-audited Q2/H1 results. The trading window will close from 1 October 2026.

13:14 IST BSE
Credit Rating

Shree Cements Credit Rating

CARE Ratings reaffirmed Shree Cement's Commercial Paper rating at CARE A1+ for ₹1,000 Crore. No upgrade, downgrade or outlook change was issued.

13:29 IST BSE
Credit Rating

Shree Cements Credit Rating

CRISIL Ratings has reaffirmed Shree Cement's credit rating for its Commercial Paper. The rating remains at 'CRISIL A1+' for an amount of Rs. 1,000 Crore.

Value
₹1,000 Cr
15:32 IST BSE
Debt & Borrowing

Shree Cements Debt & Borrowing

Shree Cement has fixed September 10, 2026, as the record date for interest payment on its Non-Convertible Debentures (ISIN: INE070A07061).