Archive · 9 Jun 2025
Dalmia Bharat Expects Cement Sector Growth of 7-8% in FY26
The cement industry is changing.
Big companies are getting bigger, taking over more of the market.
After a slower year due to elections and rain, growth is expected to bounce back.
Cement prices went down, but now they're going up again.
Dalmia Bharat is expanding to make more cement.
They plan to invest a lot of money to make their cement cheaper to produce by using more renewable energy and improving efficiency.
This will help them save money and grow in the market.
Sector consolidation by major players is expected to continue, with capacity share exceeding 60% in the next two years.
Dalmia Bharat anticipates a 7-8% growth rebound for the cement sector in FY26.
The industry's installed capacity is estimated to reach approximately 670 million tonnes by the end of FY25.
Dalmia Bharat plans to increase its cement capacity to 75 mtpa by FY28, with a long-term target of 110-130 mtpa.
Dalmia Bharat aims to reduce costs by ₹150-200 per tonne over the next two years.
- Who
- Dalmia Bharat and other leading companies in the cement industry.
- What
- The cement sector is expected to experience consolidation and growth.
- When
- FY26
- Where
- India
- Why
- Driven by healthy demand from housing, infrastructure building, and private investments and cost savings.
Cost Management
Pricing Trends
Price Realization
Cost Management
Lower sales realization impacted earnings in FY25, and the trend is reversing.
Pricing Trends
Cement prices grew by 3% YoY to ₹350 per bag in March 2025, following a 7% YoY decline in FY25.
- Expected Sector Growth in FY26
- 7-8%
- Expected Capacity Share of Top Companies
- 60%
- Dalmia Bharat Investment Over Two Years
- ₹3,520 crore
- Dalmia Bharat Current Cement Capacity
- 49.5 mtpa
- Cement Price Growth (YoY - March 2025)
- 3%
- Dalmia Bharat Net Debt/EBITDA ratio
- 0.3x
