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HeidelbergCement India Ltd

Q4 FY25Cement & Cement Products

HeidelbergCement India Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹159
Market cap₹3.6K Cr
P/E29.5
Updated23 Aug 2026
Read5 min read

The short version

Heidelberg Cement India expects volume growth of around 6% to 7% in FY 2026, in line with India's GDP and cement market growth. Volume growth target for FY '26 is around 6% to 7%, aligned with India's GDP and cement market growth. - Additional cement capacity of 200,000 tons per year expected post clinker debottlenecking by June 2025. - CAPEX for FY '26 estimated at around Rs.

From HeidelbergCement India Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Heidelberg Cement India expects volume growth of around 6% to 7% in FY 2026, in line with India's GDP and cement market growth.
  • Additional cement capacity of about 200,000 tons per year will come from a clinker debottlenecking project completing by June 2025.
  • Expansion projects in Central India and Gujarat are planned, but timelines depend on environmental clearances; capacity additions could be 2 to 5 million tons over next 3-4 years.
  • The company is targeting concurrent expansions in Central India and Gujarat, with no immediate cash flow constraints for funding.
  • Premium product sales are increasing, with premium cement currently at 43%, targeted to rise to 47% in FY 2026.

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Profitability & Margins

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Capital Expenditure Plans

  • Heidelberg Cement India plans cement capacity expansion of 2 to 5 million tons, estimated CAPEX around Rs. 600-700 crores per project, potentially totaling Rs. 2,500 crores over 3-4 years.
  • Expansion projects will be phased; Gujarat project dependent on environmental clearance, expected to take 26-30 months post-EC. Central India expansion pending study of new mine locations.
  • Funding sources include internal accruals, group investments, and debt; company currently net cash with Rs. 400-500 crores bank balance and comfortable balance sheet.
  • Recent clinker debottlenecking project to add 130,000 tons clinker and 200,000 tons cement by June 2025.
  • Group investing in 2 million tons clinker expansion at Gulbarga, considering mergers/restructuring with Zuari and Heidelberg entities, timeline about 24 months.

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Top-ranked in Cement & Cement Products

Ranked on what management guided this quarter

Guidance-ranked
1Grasim Inds
Rev 1Mar 3
2BIGBLOC Const.
Rev 2Mar 1
3
Rev 3Mar 1
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

The transcript from the Heidelberg Cement India Limited document does not explicitly mention current or expected order book or pending orders. However, relevant context related to demand and expansion plans includes: - Demand is currently muted but stable compared to the same quarter last year. - Cement volume growth is expected, with additional cement output of around 2 lakh tons expected in the current fiscal year. - Expansion projects underway, including clinker debottlenecking adding 130,000 tons of clinker and 200,000 tons of cement yearly (completion expected by June 2025). - Ongoing evaluation of further expansions in Gujarat and Central India, awaiting environmental clearance; projects could take 24-30 months post-clearance.

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HeidelbergCement India Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹646 Cr, net profit ₹45 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were HeidelbergCement India Ltd Q4 FY25 results?

Heidelberg Cement India expects volume growth of around 6% to 7% in FY 2026, in line with India's GDP and cement market growth. Volume growth target for FY '26 is around 6% to 7%, aligned with India's GDP and cement market growth. - Additional cement capacity of 200,000 tons per year expected post clinker debottlenecking by June 2025. - CAPEX for FY '26 estimated at around Rs.

What is HeidelbergCement India Ltd share price analysis?

HeidelbergCement India Ltd currently shows a neutral. The stock trades at a P/E of 29.5 with a market cap of ₹3,586 Cr. Investors should review the full earnings analysis for detailed insights.

Is HeidelbergCement India Ltd planning capital expenditure?

Heidelberg Cement India plans cement capacity expansion of 2 to 5 million tons, estimated CAPEX around Rs.

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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.