Shree Cement Reports 24% Revenue Growth in Q2 FY27 Driven by Higher Volumes
New Delhi, October 23, 2026: Shree Cement recorded a 24 percent year-on-year increase in consolidated net revenue from operations for the quarter ended September 30, 2026, reaching Rs 5,897 crore compared to Rs 4,761 crore in the corresponding period of the previous year, according to an official press release.
Standalone net revenue from operations rose to Rs 5,107 crore from Rs 4,303 crore in the year-ago period. Total domestic sales volume grew by 18 percent year-on-year to 9.31 million tonnes from 7.91 million tonnes, while consolidated volumes expanded 14 percent to 10.52 million tonnes. Consolidated operating profit inched up 4 percent to Rs 1,016 crore, though EBITDA per ton fell 8 percent to Rs 966, primarily due to higher fuel costs. Consolidated profit after tax stood at Rs 263 crore compared to Rs 310 crore in the same quarter last year. Premium products accounted for 28.7 percent of total trade sales in domestic operations, up from 21.1 percent in the corresponding quarter of the previous year.
Neeraj Akhoury, Managing Director, Shree Cement Limited, said, “We delivered a strong performance during the quarter, with volume growth of 18% year-on-year, supported by deeper market penetration, enhanced customer reach and disciplined execution across our operations. Our continued focus on premiumisation is reflected in premium products contributing 29% of trade volumes, underscoring the strength of our brands and customer relationships. We remained focused on driving operational excellence through efficiency initiatives, increased green power utilisation, and digital-led productivity improvements. Backed by initiatives to gain market share and a disciplined approach to cost and efficiency enhancement, we are well-positioned to deliver sustainable and profitable growth in the quarters ahead.”
During the quarter, United Arab Emirates step-down subsidiary Union Cement Company commissioned a 3.0 million tonnes per annum cement mill, taking its total cement capacity to 7.0 million tonnes per annum. In India, work continues on a greenfield integrated plant in Meghalaya, targeted for completion by March 31, 2028. Additionally, the Ready-Mix Concrete business posted a 182 percent increase in revenue to Rs 129 crore as volumes rose 153 percent to 2.73 lakh cubic metres across a network of 35 plants. The company reported a 65.2 percent green power share in its total electricity consumption for the quarter and an improved thermal substitution rate of 5.2 percent.
