India · Delayed Price · Currency is INR The India Cements Earnings Call Transcripts
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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Q2 FY26 saw strong sales growth, especially in premium and rural segments, despite higher one-off costs. Major expansion and brand transition plans are on track, with cost normalization and robust demand outlook expected to support future profitability.
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Steady demand and government infrastructure spending drove 9.7% YOY volume growth, with strong price realization and successful integration of Kesoram and India Cements. Double-digit growth is targeted for FY26, supported by ongoing CapEx and expansion plans.