| Revenue growth | 15% volume growth, though margins were squeezed by fuel costs. |
|---|---|
| Margins | Contraction; fuel cost peak in Q1, expected recovery in Q2. |
| Demand visibility | Positive; expecting 7-8% industry growth, aiming for 10% internally. |
| Management confidence | High on volumes, defensive about cost-related margin misses. |
Growth
17% volume growth driven by South and North regions, but EBITDA/ton fell due to high-cost coal substitution.
Outlook
Targeting 40 million tons volume for FY27; planned ₹1500 Cr capex for Indian operations.
Risks
Continued Middle East conflict, high ash content in fuel, and lower conversion factors for blended cement.
Last quarter's promises, checked
Delivered
- Guided 2-3% FY26 volume growth → delivered 2.2% (= BEAT)
- Guided 69.3 MT total capacity by Q4 FY26 → delivered 69.3 MT (= BEAT)
- Guided INR 110/bag price gap vs peers → delivered INR 15-20/bag reduction (= BEAT)
Partly delivered
- Guided INR 1500 Cr FY27 capex → delivered INR 1500 Cr plan with slowed aggression (= PARTIAL)
- Guided 80 MT capacity by 2029 → delivered target maintained but pace moderated (= PARTIAL)
Missed
- Guided INR 1600-1700 Cr FY27 depreciation → delivered EBITDA contraction/margin squeeze (= MISS)
Earnings Call Transcript filed with BSE, NSE: SHREECEM. Summary written with AI assistance from 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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- Value
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- Key figure
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