Shree Cement reported a robust performance for the quarter ending March 31, 2026, marked by an 11% year-on-year growth in domestic cement sales volumes. The company’s total cement sales reached 10.56 million tons in the final quarter. Despite regional geopolitical challenges, the company maintained strong EBITDA margins, declared a final dividend of INR 70 per share, and successfully expanded its capacity to 69.3 million tons, solidifying its position as India’s third-largest cement group.
Financial Performance Highlights
During the fourth quarter of fiscal year 2025-26, Shree Cement achieved significant operational milestones. Domestic cement sales volumes grew by 25% sequentially, rising from 8.48 million tons in the December quarter to 10.56 million tons in the March quarter. Total operating EBITDA for the full year increased by 11% to INR 4,222 crores. The company’s EBITDA per ton also showed improvement, standing at INR 1,125 in March 2026, compared to INR 1,032 in the previous quarter.
Strategic Expansion and Capacity
The company successfully commissioned an integrated project in Kodla, Karnataka, adding 3.65 million tons of clinker capacity and 3.5 million tons of cement capacity. These developments brought the total installed production capacity to 69.3 million tons. Looking forward, the management confirmed ongoing work on a 2.5 million ton cement mill in the UAE and a new integrated plant in Meghalaya. Additionally, the company is rapidly expanding its Ready-Mix Concrete (RMC) business, with plans to increase its operational plant count from 26 to 36.
Commitment to Sustainability and Shareholders
Shree Cement continues to lead in sustainability, reporting that green electricity accounted for 61% of its total power consumption in the final quarter. The company maintains an impressive green power generation capacity of 666.5 megawatts. Reflecting the company’s strong cash position and commitment to value creation, the Board of Directors recommended a final dividend of INR 70 per share, bringing the total dividend for the year to INR 150 per share—a 36% increase over the previous year.
Market Outlook
Management highlighted that while geopolitical tensions in the Middle East impacted international sales, operations are normalizing. The company remains focused on achieving its target of 80 million tons of capacity by 2029. With a strong internal accrual generation and a net cash position of INR 6,400 crores, the company remains well-positioned to fund future capital expenditure while navigating macroeconomic fluctuations and sustaining long-term growth.
Source: BSE
