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Shree Cement (SHREECEM) investor relations material
Shree Cement Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
GST on cement reduced from 28% to 18%, fully passed to customers, expected to boost long-term demand.
Value over volume strategy maintained, with premium product share rising from 15% to 21% YoY.
Total cement sales volume up 6.8% YoY; combined cement and clinker volume up ~5%.
UAE operations delivered record performance, with significant YoY growth in sales and EBITDA.
Unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2025 were approved and reviewed by statutory auditors, with no material misstatements identified.
Financial highlights
Realization per tonne increased from INR 4,451 to INR 4,840 YoY, driven by premiumization.
EBITDA rose 46% YoY to INR 851 crore; EBITDA per tonne up 43% YoY to INR 1,105 (adjusted for one-off).
Standalone revenue from operations for Q2 FY26 was Rs. 4,303.20 crore, up from Rs. 3,727.00 crore in Q2 FY25; consolidated revenue was Rs. 4,761.07 crore, up from Rs. 4,054.17 crore year-over-year.
Standalone net profit for Q2 FY26 was Rs. 277.14 crore, compared to Rs. 93.13 crore in Q2 FY25; consolidated net profit was Rs. 309.82 crore, up from Rs. 76.64 crore year-over-year.
Standalone EBITDA for Q2 FY26 was Rs. 1,008.30 crore, up from Rs. 770.11 crore in Q2 FY25; consolidated EBITDA was Rs. 1,152.88 crore, up from Rs. 794.86 crore year-over-year.
Outlook and guidance
Expectation to grow in line or slightly ahead of industry, with continued focus on value over volume.
Demand boost anticipated from GST cut, but short-term impact uncertain; long-term outlook positive.
Capex guidance of INR 3,000 crore for FY 2026-2027; capacity target of 80 million tonnes may extend to FY 2029.
FY 2026 volume guidance at 37–38 million tonnes.
Management continues to focus on operational efficiency and cost control, with no separate reportable segments as per Ind AS 108.
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