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Dalmia Bharat Ltd

Q1 FY27

Dalmia Bharat Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹1,684
Market cap₹31.6K Cr
P/E28.8
Updated16 Oct 2026
Read3 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned

The short version

Cement demand in India is expected to grow at a healthy rate of around 7% in FY27 (Page 4). EBITDA is expected to normalize to current Dalmia average levels within 6 to 8 quarters, driven by higher capacity utilization.

From Dalmia Bharat Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Moderate growth
  • Cement demand in India is expected to grow at a healthy rate of around 7% in FY27 (Page 4).
  • Dalmia delivered 9% volume growth in Q1 FY27, outpacing industry growth by 200-250 bps (Page 10).
  • The company aims to grow volume in line with or slightly ahead of industry growth (~7-8%) organically (Page 12).
  • Additional volumes will come from ramping up new capacities, including Jaypee Cement assets (5.2 mt capacity) and ongoing expansions (Page 4, 10).
  • Dalmia targets a pan-India capacity of 110-130 million tons by FY31 but remains flexible on timelines, allowing for gradual progress without compromising balance sheet health (Page 11).

2 more points from Dalmia Bharat Ltd's call on revenue

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Profitability & Margins

See what Dalmia Bharat Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Completed acquisition of Jaypee Cement assets for INR2,850 crores, adding 5.2 million tons of cement and 3.3 million tons of clinker capacity in Central India.
  • Investing in operational improvements of Jaypee assets, including installing an 18 MW Waste Heat Recovery System (WHRS) at the Rewa plant.
  • Ongoing Belgaum expansion project, expected to commence commercial production within 6 months.
  • Site excavation underway at Kadapa and Pune plants with contractors mobilized to start civil and mechanical works.
  • Capex for FY27 expected between INR3,200 crores to INR3,400 crores, including about INR2,200 crores for projects and the balance for maintenance, Jaypee catch-up capex, and other ROI projects.

2 more points from Dalmia Bharat Ltd's call on capex

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Dalmia Bharat Ltd — Quarterly revenue & net profit

Revenue Net profit
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27

Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹3.9K Cr, net profit ₹192 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Dalmia BharatLtd's management said in earlier quarters

Others in Cement & Cement Products this season

  • NCL Industries (Q1 FY27)

    Q1-FY27 EBITDA: INR 396 Mn with 11.52% margin (Page 30) . Key concall takeaways from NCL Industries Ltd's Q1 FY27 earnings call — and how it ranks against…

  • Prism Johnson Ltd (Q1 FY27)

    Consolidated Revenue Q1 FY27:** ₹1,844 Cr, up 2.7% YoY (Page 42) . Key concall takeaways from Prism Johnson Ltd's Q1 FY27 earnings call — and how it ranks…

  • The Ramco Cement (Q1 FY27)

    Standalone total revenue for 1QFY27: ₹2,276.18 Cr, up 10% YoY (Page 10) . Key concall takeaways from The Ramco Cements Ltd's Q1 FY27 earnings call — and how it…

  • Sagar Cements Ltd (Q1 FY27)

    No major CapEx planned beyond routine maintenance (~₹30-40 crore annually) till end of FY 2028, focusing on leveraging existing capacity and improving…

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Frequently Asked Questions

What were Dalmia Bharat Ltd Q1 FY27 results?

Cement demand in India is expected to grow at a healthy rate of around 7% in FY27 (Page 4). EBITDA is expected to normalize to current Dalmia average levels within 6 to 8 quarters, driven by higher capacity utilization.

What is Dalmia Bharat Ltd share price analysis?

Dalmia Bharat Ltd currently shows a below-average growth signal. The stock trades at a P/E of 28.8 with a market cap of ₹31,594 Cr. Investors should review the full earnings analysis for detailed insights.

Is Dalmia Bharat Ltd planning capital expenditure?

Completed acquisition of Jaypee Cement assets for INR2,850 crores, adding 5.2 million tons of cement and 3.3 million tons of clinker capacity in Central India.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.