SHREE CEMENT LIMITED — Investor Meet, 06-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Shree Cement's Q1 FY27 saw consolidated volumes reach 11.45 million tons. Operational EBITDA was 1,272 units, down YoY due to an "abnormal" quarter. Challenges included a shift to higher-cost coal (1.95 per kcal) due to Middle East conflict and expensive domestic gypsum, impacting conversion factor and driving non-trade sales. Management projects healthier profits from Q2 onwards, anticipating stabilizing costs and a return to strategic operational efficiencies, targeting 70% trade sales. FY27 India capex guidance is INR 1,500 crores. The company holds 8,348 units in consolidated net cash, focusing on bottom-line, RMC expansion, and renewable energy. Management remains confident in an improved outlook.