Dalmia Bharat Q4 FY26 Earnings Call Transcript Released
Dalmia Bharat released its Q4 FY26 earnings call transcript. The company reported best-ever EBITDA of ₹3,083 crore and PAT of ₹1,157 crore for FY26. Capacity expansion projects are on track to reach 61.5 million tons soon, with a target of 75 million tons by FY28. Management expects FY27 capex between ₹3,200-₹3,400 crore.
The release of an earnings call transcript is important for investors to understand the management's perspective on financial performance, future outlook, and industry challenges. It provides detailed insights into the company's strategy and operational performance.
The announcement is a release of a conference call transcript. While the company reported strong financial results and provided positive outlooks, the transcript itself is an informational disclosure rather than a direct announcement of new positive or negative developments.
Dalmia Bharat Limited has released the transcript of its Q4 FY26 Earnings Conference Call, which was held on April 28, 2026. The call covered the financial results for the quarter and year ended March 31, 2026.
During the call, management discussed the strong outlook for the Indian economy and the cement sector, projecting a CAGR of 7% to 8% for cement demand in the medium term. They also addressed rising costs due to the West Asia conflict, impacting power and fuel, packing bags, and logistics, with petcoke prices soaring to approximately $160 per ton and Rupee depreciation adding to the pressure. However, the company noted improvements in cement prices in April and expressed optimism about sustaining this positive momentum.
Dalmia Bharat reported its best-ever EBITDA of ₹3,083 crore and PAT of ₹1,157 crore for FY26. The company is introducing a new premium product, Weather 365, to strengthen its offerings. Strategic priorities include maximizing ROCE, capacity expansion to reach 75 million tons, and maintaining a healthy balance sheet with strong corporate governance.
The company's ROCE from core cement assets improved by over 200 basis points to 12.1% in FY26. Expansion projects at Belgaum, Pune, and Kadapa are progressing, expected to increase capacity to 61.5 million tons per annum within 18-20 months. The total capex outlook for FY27 is estimated between ₹3,200 to ₹3,400 crore.
In terms of performance for the year, Dalmia Bharat achieved 2% volume growth and 6% revenue growth. EBITDA increased by 28% year-on-year to ₹3,083 crore, and PAT jumped by 65% to ₹1,157 crore. The company highlighted its lowest quarterly total cost per ton in five years and a significant increase in renewable power share to 47%.
Management also discussed efforts to mitigate cost inflation, expecting an impact of ₹125 to ₹150 per ton in Q1 FY27 due to rising fuel and packing costs. They are focusing on optimizing fuel mix and logistics to counter these headwinds. The company reiterated its target of reaching 72 to 75 million tons of capacity by FY28.
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Dalmia Bharat Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Dalmia Bharat Limited. Read the original for the full detail.