HeidelbergCement India (500292) investor relations material

Executive summary

• Achieved 19.8% year-over-year EBITDA growth and 25.5% increase in PAT for FY 2026, with EBITDA per tonne at ₹584, up 10% year-over-year.

• Sales volume rose 8.8% year-over-year, with premium products now 62% of trade volumes, and blended cement as the primary product.

• Declared debt-free status after repaying an interest-free loan of ₹687 million; cash and bank balances stood at ₹4,037 million as of March 31, 2026.

• Board recommended a dividend of ₹7 per share for FY 2026.

• Preferred bidder for two major limestone mining leases in Madhya Pradesh, supporting future expansion.

Financial highlights

• FY26 revenue grew 8.4% year-over-year to ₹23,296 million; EBITDA margin for FY26 was 12.3% of revenue.

• Profit after tax for FY26 increased 25.5% year-over-year to ₹1,340 million.

• Sales volume for FY26 was 4,912 KT, up 8.8% year-over-year.

• EBITDA per tonne for the year was ₹584, up 10.2% year-over-year.

• Dividend of ₹7 per share recommended for FY26.

Outlook and guidance

• Expects cement demand to rise post-monsoon and ahead of UP elections, with industry and company volume growth expected to match Central India’s 7–7.5% annual growth.

• GST rate reduction from 28% to 18% on cement anticipated to drive consumption.

• Cost inflation of ₹100–160/ton expected in Q1 FY 2027, with plans to pass on increased input prices to customers.

• Premiumization, trade mix optimization, and increased use of green power and alternative fuels to continue.

• Ongoing monitoring of regulatory changes, including new Labour Codes.