Birla Corporation Limited — Investor Meet, 14-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Birla Corp's Q4 & FY26 earnings call highlighted healthy results despite operational setbacks. FY26 volume grew ~4%, with Q4 EBITDA at INR1,000/ton and full-year at INR800/ton. Net debt stands at INR2,100 Cr, potentially peaking at INR4,000 Cr for ongoing capex.

Management maintains cautious guidance amidst market volatility, but is firm on strategy: increasing blended cement to 88%, boosting premium products, and selective RMC/chemical expansion. Capacity will grow by 6 million tons to 27.5 million tons by FY29. Bikram coal block's full production next FY is set to significantly cut fuel costs. Renewable energy use targets 37-38% from 31%. Expect INR150-175/ton cost increases from Q1FY27.