Investor Presentation

India Cements reported strong domestic sales volume growth of 25% YoY in Q3 FY26 to 2.59 MnT, with capacity utilization up 11% YoY to 69%. Realizations dipped 2.4% QoQ to ₹ 4,250/Mt, impacting operating EBIDTA which stood at ₹ 299/Mt.

A ₹ 2,000 Cr capex is planned over two years for efficiency and growth, focusing on plant technology upgrades, process optimization for heat reduction, and 21.8 MW of Waste Heat Recovery Systems.

A key ESG target aims to scale green power from 5% to 80% by FY29. Q3 FY26 consolidated Net Sales grew to ₹ 1,103 Cr (from ₹ 874 Cr YoY), with EBITDA improving to ₹ 103 Cr (vs. negative ₹ 178 Cr YoY). PAT before exceptional items was ₹ 6 Cr.

Cost efficiencies were notable, with logistics down 28% QoQ and 44% YoY to ₹ 588/Mt, and fuel costs also decreasing.

Management highlights strategic investments for operational efficiency and lower power costs via green energy, aligning with their long-term growth and sustainability roadmap.