Shree Cement Limited has reported a significant 34% increase in its operating EBITDA for the fourth quarter of the fiscal year 2025-26, reaching ₹1,212 crores. This marks a rise from ₹902 crores in the previous quarter, driven by an increase in domestic cement sales volume and improved realisations.
During the March 2026 quarter, Shree Cement‘s domestic cement sales volume rose by approximately 25%, from 8.48 million tons in December 2025 to 10.56 million tons. Year-on-year growth stood at 11%. Total volume, including clinker sales, increased by 9.4% from 9.84 million tons to 10.77 million tons, registering a 23.2% increase on a quarter-on-quarter basis.
The company’s realisations improved to ₹4,725 per ton, up from ₹4,652 in December 2025, reflecting a 1.6% increase. Capacity utilisation during the quarter was 66%, compared to 56% in the previous quarter.
For the full fiscal year, Shree Cement’s sales volume, including Shree Cement East, increased by 2.2% from 35.6 million tons to 36.4 million tons. The company’s strategy resulted in an increase in realisations from ₹4,569 per ton last year to ₹4,732 per ton in 2025-26, marking a 3.6% rise.
Total operating EBITDA for the year increased by 11% from ₹3,814 crores to ₹4,222 crores, excluding a one-time impact of ₹80 crores. EBITDA per ton stood at ₹1,161, up from ₹1,071 last year.
Shree Cement’s Union Cement performance also saw significant improvement, with sales volume up by 18% and revenue increasing by 39% during the year. Despite recent tensions in the Middle East affecting sales, the company anticipates a rebound in demand once peace is restored.
The company commissioned a new integrated project with a clinker capacity of 3.65 million tons and a cement capacity of 3.5 million tons at Kodla, Karnataka. This expansion increased Shree Cement’s installed cement production capacity in India to 69.3 million tons.
Looking ahead, Shree Cement is progressing with the construction of a cement mill in the UAE and setting up an integrated cement plant in Meghalaya. Additionally, the company is expanding its RMC business, with 26 operational plants and 10 new plants under commissioning.
Shree Cement continues to focus on sustainability, with green electricity accounting for 61% of total consumption in Q4 FY26. The company’s green power generation capacity is 666.5 megawatts, and it maintains a water positivity index of more than 8x.
The Board of Directors has recommended a final dividend of ₹70 per share, bringing the total dividend for the year to ₹150 per share, a 36% increase over the previous year. The final dividend is subject to approval at the next Annual General Meeting.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).