India · Delayed Price · Currency is INR The India Cements Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY27 saw record volumes, revenues, and profits, with 13.1% volume growth and strong market share gains. Capacity utilization hit 81%, and cost discipline offset fuel shocks. Major CapEx and brand integration milestones were achieved, supporting a positive outlook.
Fiscal Year 2026
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Achieved record 200 million tons capacity, strong volume and EBITDA growth, and completed full integration of acquired assets. Dividend payout tripled, CapEx fully funded, and green energy initiatives advanced, despite cost headwinds from West Asia conflict and currency volatility.
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Strong infrastructure-led demand and disciplined execution drove robust volume and margin performance, with capacity expansions and efficiency gains on track. Integration of acquisitions and cost control measures are supporting improved financial metrics and outlook.
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Cement sales and brand growth were robust in Q2 FY26, with strong rural and premium segment demand. Expansion and brand transition are on track, with cost normalization expected next quarter and a positive demand outlook driven by infrastructure and housing.
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Steady demand and government CapEx drove 9.7% YOY volume growth, with strong price realization and ongoing integration of Kesoram and India Cements. Double-digit growth is targeted for FY26, supported by new capacities and efficiency-focused CapEx.