Shree Cement Ltd
Shree Cement Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Volumes: Achieved 6.8% cement volume growth recently; aiming to grow marginally better than industry growth, maintaining or increasing market share especially in North India. Shree Cement expects to grow either in line with or slightly better than the industry in volume terms.
From Shree Cement Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Volumes: Achieved 6.8% cement volume growth recently; aiming to grow marginally better than industry growth, maintaining or increasing market share especially in North India. Expected volume for FY '26 is around 37-38 million tons.
- Realization: Delivered 9% realization growth year-on-year, better than industry, driven by premium product focus and improved brand value.
- RMC business: Rapid ramp-up with 24 plants operational; targeting 40 plants by FY '26. Working to optimize profit and revenue levers before further expansion.
- Capacity expansion: New kiln commissioned in North plant with cement mill commissioning soon; continuous evaluation for capacity addition based on market demand.
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Profitability & Margins
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Capital Expenditure Plans
- UAE Expansion: Capex of approximately AED 110 million for new 3 million ton cement mill, funded fully by cash available in UAE. (Page 13)
- India Capex: Estimated INR 3,000 crores for FY 26-27 and similar amount for FY 27-28. Some spillover to FY 28-29 expected depending on demand and capacity utilization. (Page 7)
- Commissioning: Recently commissioned 3.65 million tons clinkerisation unit at Jaitaran, Rajasthan; 3 million ton cement mill at Jaitaran expected shortly; Integrated 3 million ton project at Kodla, Karnataka nearing completion for commissioning soon. (Page 3)
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Top-ranked in Cement & Cement Products
Ranked on what management guided this quarter
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
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Shree Cement Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹6.1K Cr, net profit ₹528 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Shree Cement Ltd's management said in earlier quarters
- Q4 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
- Q3 FY23 earnings call →
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- The Ramco Cement (Q2 FY26)
Revenue for 2QFY26 stood at ₹2,241.89 Cr (Standalone) and ₹2,245.28 Cr (Consolidated), up 9% YoY from ₹2,049.50 Cr (Standalone) and ₹2,053.94 Cr (Consolidated)…
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Frequently Asked Questions
What were Shree Cement Ltd Q2 FY26 results?
Volumes: Achieved 6.8% cement volume growth recently; aiming to grow marginally better than industry growth, maintaining or increasing market share especially in North India. Shree Cement expects to grow either in line with or slightly better than the industry in volume terms.
What is Shree Cement Ltd share price analysis?
Shree Cement Ltd currently shows a neutral. The stock trades at a P/E of 54.9 with a market cap of ₹89,462 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shree Cement Ltd planning capital expenditure?
UAE Expansion: Capex of approximately AED 110 million for new 3 million ton cement mill, funded fully by cash available in UAE.
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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.