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Dalmia Bharat reported strong Q3 FY26 results with sales volume growing 9.5% YoY and revenue increasing 10%. EBITDA rose 18% to Rs. 602 Cr (Rs. 823/ton), driven by cost efficiencies including a 5.6% drop in logistics. The company commenced commercial production of a 3.6 MTPA clinker line in Umrangso, fully clinker-backing its 8 MT Northeast capacity. Expansion to 61.5 MT is on track, targeting 75 MT by FY28, with Jaisalmer plans progressing. Management expressed optimism for 7-8% Indian cement demand growth and long-term price improvement, despite short-term market corrections. FY26 CAPEX is estimated at Rs. 2,700 Cr.