SHREE CEMENT LIMITED — Investor Meet, 12-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Shree Cement prioritized value, significantly narrowing its price gap with competitors. Q3 FY26 sales hit 8.7 million tons at INR 4,652/ton. RMC revenue reached INR 71 Cr, with plans to expand RMC plants to 45 by Sep '26. Fuel costs are industry-low at 1.56/kcal, backed by 61% renewable energy. FY26 capex is INR 2,000 Cr, with INR 500 Cr planned for FY27, focusing on RMC and railway sidings. Management projects Q4 volumes of 9-9.5 million tons and anticipates 7.5-8% industry growth for FY27. Holding INR 6,000 Cr free cash, a better FY26 dividend payout is expected, signaling a positive outlook for future growth and returns.