25-Oct-2026 21:20:43
SHREE CEMENT Q2 CONCALL : GUIDES FOR 40–41 MT INDIA SALES VOLUME, TARGETS 80 MTPA CAPACITY & PREMIUM CEMENT SHARE ABOVE 40%
• MANAGEMENT MAINTAINS FY27 INDIA CEMENT SALES VOLUME GUIDANCE AT 40–41 MILLION TONNES, WITH CONFIDENCE IN ACHIEVING UPPER END • H2 FY27 VOLUME GROWTH EXPECTED TO OUTPERFORM INDUSTRY, SUPPORTED BY INFRASTRUCTURE, HOUSING & GEOGRAPHIC EXPANSION • Q3 FY27 FUEL COST EXPECTED TO INCREASE TO ₹2.15–2.20/KCAL VS ₹2.09 IN Q2, CREATING NEAR-TERM MARGIN PRESSURE • MANAGEMENT EXPECTS Q3 OVERALL PRODUCTION COSTS TO REMAIN BROADLY SIMILAR TO Q2 DESPITE HIGHER FUEL COSTS • CEMENT PRICES IMPROVED IN OCTOBER VS SEPTEMBER, WITH BETTER REALIZATIONS EXPECTED IN Q3 FY27 • PREMIUM CEMENT CONTRIBUTION INCREASED TO APPROXIMATELY 29%, WITH MANAGEMENT TARGETING ABOVE 40% OVER COMING YEARS • PREMIUM CEMENT PRODUCTS COMMAND ₹25–40 PER BAG HIGHER PRICES, SUPPORTING REALIZATION IMPROVEMENT • MANAGEMENT TARGETS 80 MTPA CEMENT CAPACITY IN THE NEAR TERM THROUGH ORGANIC EXPANSION • MEGHALAYA GREENFIELD CEMENT PLANT EXPECTED TO COMMISSION BY MARCH 2028, SUBJECT TO PROJECT EXECUTION • UAE CEMENT CAPACITY EXPANDED TO 7 MTPA, WITH ANNUALIZED SALES VOLUME EXPECTED AROUND 4–5 MTPA • H2 FY27 CAPEX EXPECTED AT ₹700–800 CR VS ₹895 CR SPENT IN H1 • GREEN POWER CAPACITY AT 667 MW, WITH APPROXIMATELY 80 MW ADDITIONAL CAPACITY UNDER DEVELOPMENT • ALTERNATIVE FUEL THERMAL SUBSTITUTION INCREASED TO APPROXIMATELY 5%, WITH FURTHER EXPANSION PLANNED TO REDUCE ENERGY COSTS • READY-MIX CONCRETE REVENUE UP 182% YOY TO ₹129 CR, WITH MANAGEMENT FOCUSING ON NETWORK EXPANSION & HIGHER UTILIZATION • EBITDA PER TONNE DECLINED TO ₹966 VS ₹1,055 YOY, WHILE RISING FUEL COSTS, MEGHALAYA PROJECT EXECUTION & CEMENT PRICING REMAIN KEY RISKS
SHREE CEMENT LIMITED