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Shree Cements Targets Q4 Sales of 9–9.5 MT, Fast-Tracks RMC Network to 45 Plants

The company cites year-end infrastructure spending with a cash-rich balance sheet as the drivers of a near-term rebound.

Overview

  • Management guided to 9–9.5 million tonnes of January–March FY26 sales on stronger government project execution.
  • The RMC footprint will expand from 19 to 45 plants within six to eight months, with roughly 45% of cement for these units sourced internally.
  • Total cement capacity is projected to reach 72 MT by March 2026, with a long-term 80 MT goal paced to demand.
  • A baseline capex of Rs 500 crore is planned for the next year, prioritising RMC rollout and logistics upgrades such as railway sidings.
  • The company remains debt-free with about Rs 6,000 crore in cash, as the sector reports strong Q3 volume growth despite softer realisations and early signs of price improvement.