Financial Highlights (Consolidated)

  • Net Revenue from Operations: ₹6,233 crore (Q1 FY27) vs ₹5,281 crore (Q1 FY26) vs ₹6,101 crore (Q4 FY26)
  • Operating Profit (EBITDA): ₹1,272 crore (Q1 FY27) vs ₹1,333 crore (Q1 FY26) vs ₹1,384 crore (Q4 FY26)
  • Profit after Tax: ₹531 crore (Q1 FY27) vs ₹644 crore (Q1 FY26) vs ₹528 crore (Q4 FY26)
  • Cash Profit: ₹1,168 crore (Q1 FY27) vs ₹1,287 crore (Q1 FY26) vs ₹1,292 crore (Q4 FY26)

Financial Highlights (Standalone)

  • Net Revenue from Operations: ₹5,623 crore (Q1 FY27) vs ₹4,948 crore (Q1 FY26) vs ₹5,643 crore (Q4 FY26)
  • Operating Profit (EBITDA): ₹1,074 crore (Q1 FY27) vs ₹1,229 crore (Q1 FY26) vs ₹1,250 crore (Q4 FY26)
  • Profit after Tax: ₹438 crore (Q1 FY27) vs ₹619 crore (Q1 FY26) vs ₹532 crore (Q4 FY26)
  • Cash Profit: ₹983 crore (Q1 FY27) vs ₹1,161 crore (Q1 FY26) vs ₹1,195 crore (Q4 FY26)

Operational Highlights (India Operations)

  • Cement Sale Volume: 10.23 million tonnes in Q1 FY27, representing 17% year-on-year growth from 8.74 million tonnes in Q1 FY26
  • Total Sale Volume (including clinker): 10.49 million tonnes in Q1 FY27, representing 17.2% year-on-year growth from 8.95 million tonnes in Q1 FY26
  • Operating Profit Impact: Lower due to higher fuel and raw material costs resulting from impacts of West Asia crisis
  • Premium Products: Sales jumped to 23.3% of total trade volume versus 17.7% in Q1 FY26
  • Thermal Substation Rate (TSR): Improved to 5.1% versus 1.9% in Q1 FY26

Ready-Mix Concrete Business Performance

  • Volume: 2.36 lakh cubic meters in Q1 FY27, representing 156% year-on-year growth from 0.92 lakh cubic meters in Q1 FY26
  • New Plants: Commissioned 8 new RMC plants during the quarter
  • Total Operational Plants: 33 plants across 17 cities in 11 states

Capex Update

  • Meghalaya Greenfield Plant: Work progressing satisfactorily with necessary clearances obtained
  • Machinery: Orders for major plant and machinery items have been placed
  • Expected Completion: Quarter ended 31st March, 2028
  • Expansion Strategy: Company continues to actively pursue multiple expansion opportunities to achieve growth milestones

Sustainability Initiatives

  • Green Electricity Share: 65.2% of total electricity consumption in Q1 FY27 (including wholly owned subsidiaries in India), up from 64% in Q1 FY26
  • Green Power Capacity: 666.5 MW (including wholly owned subsidiary in India)
  • Water Management: All manufacturing locations are Zero Liquid Discharge, treating, recycling, and reusing 100% of wastewater
  • Water Positivity Index: Maintained >8 times in FY2025-26, with efforts to improve in current year
  • ESG Rating: CARE ESG Ratings Limited upgraded the company's ESG rating score to 73.8 from 70.8 while reaffirming the Rating Symbol of 'CareEdge-ESG 1'

Management Commentary

Mr. Neeraj Akhoury, Managing Director, commented on the performance: "The quarter was marked by healthy demand momentum, strong volume growth and continued progress on our premiumisation drive. Company continued its focus on driving Volume growth as well as value proposition which was well supported by expanding contribution from our RMC business. The increase in premium products to 23.3% of trade volumes reflects the strength of our brands. Our performance also demonstrates the resilience of our operating model amid cost pressures and external uncertainties. We remain focused on improving energy efficiency, increasing the share of green power, strengthening digital-led productivity initiatives and executing our strategy to increase market share."

Market Outlook

India's economic outlook remains positive, supported by rising consumption, infrastructure-focused government spending, stable inflation, and favourable policy measures. Continued investments in roads, railways, and urban infrastructure are expected to support construction activity and cement demand. However, geopolitical tensions in West Asia and the possibility of a moderate monsoon could pose short-term challenges to growth momentum.