The India Cements (INDIACEM) investor relations material

Executive summary

• Q1 FY27 delivered record or strong performance in volumes, revenues, EBITDA, and profit, with double-digit volume growth and robust demand across infrastructure, housing, and urban real estate.

• Domestic cement volume reached 2.58 MTPA in Q1FY27, up 18.5% year-over-year, and EBITDA for the quarter was Rs. 159 Cr, a 72.4% increase year-over-year.

• Standalone net profit for Q1 FY27 was ₹26.62 crore, reversing a loss in Q1 FY26, while consolidated net profit was ₹26.85 crore.

• Capacity utilization reached 81% on a 200 million ton base, with market share gains driven by successful brand migration and premiumization.

• The company remains focused on disciplined cost management, leveraging green power, and executing significant CapEx programs.

Financial highlights

• Domestic volume growth was 13.1% year-over-year; revenues grew 16%, EBITDA rose 12%, and PAT increased 17.2% compared to Q1 last year.

• Net sales for Q1FY27 were Rs. 1,013 Cr, with operating EBITDA at Rs. 159 Cr and PAT before exceptional items at Rs. 52 Cr.

• Standalone EBITDA margin improved to 15.28% from 12.65% in the previous quarter.

• Net realisation per ton increased 1.5% sequentially to Rs. 3,847 in Q1FY27.

• India Cements saw a 21% revenue growth and 19% volume growth, with EBITDA per ton rising sequentially to INR 603.

Outlook and guidance

• Double-digit volume growth targeted for FY27, with strong demand expected to continue across all regions.

• Plans to expand cement capacities by 2.8 Mtpa and scale up green power (RE + WHRS) from 6% to 80% by FY29.

• Q2 FY27 expected to be seasonally softer due to monsoon and cost effects from the West Asia crisis, but long-term EBITDA per ton trajectory remains upward.

• CapEx of INR 17,000 crore over the next 2-2.5 years to drive capacity beyond 242 million tons by FY27 end.

• Continued focus on process optimization, safety standards, and employee engagement.