Star Cement Limited — Investor Meet, 13-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Star Cement's Q1 FY27 revenue rose to INR 902 Cr (YoY), but EBITDA fell to INR 203 Cr and PAT to INR 74 Cr, hit by reduced subsidies, higher packing costs, and kiln shutdown. Per ton EBITDA was INR 1,497. Management expects Q2 volumes to be muted by floods but projects an 8-9% FY27 volume growth, anticipating H2 recovery. Rajasthan plant construction starts Oct/Nov, targeting Q1 FY29 completion with a ~INR 2,700-2,900 Cr capex for North expansion. The company eyes cost efficiencies via Silchar railway siding and Siliguri wagon tippler. Outlook remains focused on strategic growth and cost optimization despite Q1 headwinds.