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Dalmia Bharat Limited is a leading cement producer established in 1939 with a current installed capacity of 38.6 MTPA. The company operates 14 manufacturing plants and serves customers across 22 states through a network of over 41,000 dealers and sub-dealers. It has a significant market presence in cement, sugar, and refractories. The company has undergone several corporate restructurings, including mergers and acquisitions, to expand its operations. In recent years, Dalmia Bharat has focused on increasing its cement production capacity, acquiring new facilities, and investing in sustainable energy sources such as solar power and waste heat recovery systems. The company has also divested some of its non-core assets and streamlined its subsidiary structure.
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Dalmia Bharat Q4 Results: Mixed Brokerage Targets Amid Volume Growth
Company insights, generated from the most recent coverage.
Power and fuel costs rose 10% QoQ, with blended fuel cost increasing to ₹1.47/MnKcal; management anticipates further ₹70–80/tonne cost increases in Q2 FY27.
Q1 FY27 EBITDA declined 9% YoY and 11% QoQ, reflecting negative operating leverage despite 7% revenue growth.
Jaypee asset integration is in early stages with management guiding for 'a couple of quarters to be EBITDA neutral,' while gross debt jumped to ₹9,108 Cr (leverage 1.47x).