Shree Cement
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Shree Cement (SHREECEM) investor relations material

Shree Cement Q2 26/27 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 26/27 earnings summary23 Oct, 2026

Executive summary

  • India sales volume rose 18% YoY to 9.31mt and consolidated volume increased 14% to 10.52mt; operating-update EBITDA rose 4% to INR 1,016 crore as higher fuel costs weighed on EBITDA per ton.

  • Consolidated revenue increased to ₹5,896.51 crore from ₹4,761.07 crore, while reported EBITDA declined to ₹1,128.74 crore and profit after tax to ₹263.46 crore.

Financial highlights

  • India realizations rose 1% YoY to INR 4,870/ton; consolidated EBITDA per ton declined to INR 966 from INR 1,055 YoY and INR 1,111 QoQ.

  • Reported consolidated Q2 EBITDA was ₹1,128.74 crore vs ₹1,152.88 crore YoY; PBT was ₹367.24 crore vs ₹433.62 crore and PAT ₹263.46 crore vs ₹309.82 crore.

  • Standalone Q2 revenue was ₹5,107.44 crore vs ₹4,303.20 crore; EBITDA was ₹955.11 crore vs ₹1,008.30 crore and PAT ₹205.33 crore vs ₹277.14 crore.

  • H1 consolidated revenue rose to ₹12,129.64 crore; EBITDA was ₹2,612.65 crore and PAT ₹794.58 crore, both below prior year.

  • Blended production cost was INR 4,636/ton vs INR 4,329 in Q1 FY27 and INR 4,245 in Q2 FY26.

Outlook and guidance

  • FY27 India sales volume target is 40mt–41mt; growth is expected slightly ahead of industry if demand growth remains near 7%.

  • Q3 fuel cost forecast is INR 2.15–2.20/kcal vs INR 2.09 in Q2; overall Q3 costs are expected not to differ materially from Q2.

  • October pricing was better than September; premium mix actions are expected to support realizations above Q2, subject to demand and supply.

  • Q3 and Q4 performance is expected to be reasonably better than, or similar to, Q2; FY27 tax-rate guidance is 31%–32%.

  • Management cited industry demand growth estimates of 7%–10%, supported by infrastructure, rail, housing and data-center activity.

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Frequently asked questions

Shree Cement Limited, a cement company, manufactures and sells cement and clinker in India and internationally. It offers cement under the Roofon, Bangur Power, Shree Jung Rodhak, Bangur Cement, and Rockstrong brand names. The company also engages in the generation of power with a total capacity of 742 MW through thermal, waste heat recovery, solar, and wind power plants. Further, it also produces autoclaved aerated concrete blocks; and provides supply chain management services. The company was formerly known as Shree Baidyanath Cements Limited. Shree Cement Limited was incorporated in 1979 and is based in Kolkata, India.