Star Cement Q1 FY27 Investor Presentation: Expansion Plans & Financials
Star Cement's Q1 FY27 investor presentation reveals ₹943 crore revenue and ₹203 crore EBITDA. The company plans significant expansion with ₹3,080 crore investment in North India by FY29. Premium product share rose to 15.9% of trade sales. Green energy target is 60% by FY28, with 2x water positivity by FY28.
The announcement details significant future expansion plans involving substantial capital expenditure and strategic investments, which will have a long-term impact on the company's growth trajectory and market position. It also provides key financial highlights for the quarter.
While the company is undertaking significant expansion and focusing on sustainability, the Q1 FY27 performance was impacted by external factors like delayed government fund releases and election-related demand disruptions. The financial results show a year-on-year decrease in EBITDA and Profit After Tax.
Star Cement Limited has released its investor presentation for the first quarter ended June 30, 2026. The company highlighted its financial performance, noting a tepid quarter impacted by liquidity constraints from delayed government fund releases, demand disruptions due to state elections in West Bengal and Assam, and the ongoing West Asia crisis. Sales volume for the quarter was 13.54 lac tons, with revenue from sale of cement and clinker at ₹943 crore and EBITDA at ₹203 crore.
The company showcased its strategic expansion plans, aiming to more than 1.5x its capacities over the next three years, including new clinker and cement plants in North India (Rajasthan and Haryana) with a planned investment outlay of ₹3,080 crore. This expansion is intended to be funded through internal accruals and debt financing, targeting a Net Debt/EBITDA ratio below 2x.
Operational highlights include a sharp growth in premium product share to 15.9% of trade sales and an increase in market share in West Bengal. However, the company faced challenges such as route restrictions impacting supply chains and increased fuel costs due to reliance on spot contracts. Star Cement is also exploring innovative logistics solutions, including trials for clinker movement via electric vehicles.
In terms of sustainability, the company aims to increase its green energy share to 60% by FY28 and achieve 2x water positivity by FY28. It is also focusing on diversity and inclusion, targeting 12% women in its permanent workforce by FY27. The presentation also detailed various social initiatives and CSR activities, alongside announcing brand ambassadors like Mirabai Chanu and Riyan Parag.
A plain-language summary of a public exchange filing by Star Cement Limited. Read the original for the full detail.