Shree Cement stock: Q2 revenue rises 24% on stronger volumes
Published on 11/02/2026 at 00:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSVolume Growth Meets Cost Pressure
- September-quarter revenue increased as cement and clinker volumes strengthened.
- Higher fuel prices reduced EBITDA per tonne despite higher consolidated EBITDA.
- Capacity expansion continues in the United Arab Emirates and India.
Shree Cement reported a stronger top line for the quarter ended September 30, 2026, as higher sales volumes and premium products supported growth. According to Machine Maker, consolidated revenue rose 24 percent year on year to 5,897 crore Indian rupees.
Volumes Strengthen In September Quarter
Consolidated cement and clinker sales volumes increased 14 percent to 10.52 million tonnes, while domestic sales volumes climbed 18 percent to 9.31 million tonnes. Consolidated EBITDA rose 4 percent to 1,016 crore Indian rupees from 974 crore a year earlier.
The improvement in operating earnings was tempered by cost pressure. EBITDA per tonne fell 8 percent to 966 Indian rupees from 1,055 Indian rupees, mainly because of higher fuel prices. Premium products represented 28.7 percent of trade volumes in the Indian operations, up from 21.1 percent in the year-ago quarter.
Expansion Adds Medium-Term Capacity
Union Cement Company, a step-down subsidiary in the United Arab Emirates, commissioned a cement mill with annual capacity of 3 million tonnes in September. The project lifted the subsidiary's total cement production capacity to 7 million tonnes.
In India, Shree Cement is developing a greenfield integrated plant in Meghalaya, with commissioning expected in the quarter ending March 31, 2028. The company also reported that green electricity supplied 65.2 percent of total electricity consumption in the second quarter of FY27, while green power generation capacity stood at 667 megawatts.
Stock Quote And Investor Context
Shree Cement stock traded at 22,995 Indian rupees on the National Stock Exchange at 3:28:19 p.m. IST on Friday, October 30, 2026. The quote was 0.54 percent below the previous NSE close, a separate market comparison from the operating results.
Business And Market Position
Shree Cement manufactures cement and clinker and operates in India and the United Arab Emirates. Its products include multiple cement variants and customised packing solutions for different customer segments. The company describes itself as one of India's top three cement producers, with installed cement production capacity of 69.30 million tonnes per year and power generation capacity of 1,137.50 megawatts, including renewable sources.
Indian equities were represented by the BSE Sensex in the broader market backdrop.
More news and analyses on Shree Cement stock
Shree Cement Key Facts
- Company: Shree Cement Limited
- ISIN: INE070A01015
- Exchange: National Stock Exchange of India
- Quote: 22,995 Indian rupees on October 30, 2026, at 3:28:19 p.m. IST
- Change: Minus 125 Indian rupees, or minus 0.54 percent, versus the previous NSE close
- Installed cement capacity: 69.30 million tonnes per year
- Power generation capacity: 1,137.50 megawatts, including renewable sources
